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Please help me decide if its okay to move to this place

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improvent363
New Contributor

Please help me decide if its okay to move to this place

I am trying to move to another city which is yuma, AR (where their is %26 unemployment for over 10 years and before that it was over %36!) from New Jersey. So if I move to such a high unemployment city will CCC have a problem with that? Meaning, will they decrease or close my account because of moving to a place with such above normal unemployment?  I have 4 years of credit history and 6 CC with no negative on my CR.

 

1. Should I change the address if the move is only temporary (but at least for a 2-3 months)?

 

2. If I do not change address will they know and if i only change address on some old CCs but not the two new ones I had about a month ago?

 

3. Can someone please tell me from experience if their CCL decreased or CC closed because moving to such areas where their unemployment rate is above normal then national rate?

 

Message 1 of 5
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AndySoCal
Senior Contributor

Re: Please help me decide if its okay to move to this place

The address will not cause the crediter to make any decisions you have described.  Your apyment history will cause it.  The way the creditros will  know if you apply for credit while their using a local address or if you change your address with them.  I would be concerned about the address change if you are receiving paper statements via the US mail.even then you can have your mail forwarded.

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Message 2 of 5
improvent363
New Contributor

Re: Please help me decide if its okay to move to this place

@AndySoCal

Are you speaking from experience?

 

Also, what makes you so sure, since I have read some where that If you move to an area with unusually high unemployment the Credit companies take notice and they POTENTIALLY COULD degrade your credit limit or possibly close account.

Message 3 of 5
improvent363
New Contributor

Re: Please help me decide if its okay to move to this place

Bump

Message 4 of 5
AndySoCal
Senior Contributor

Re: Please help me decide if its okay to move to this place

I have never seen or read anthing like that.  Do you have a link to any such articles?

FIC Scores XPN v8 808 V2 831 (SDFCU) TUC V 8 803 07/25 EFX Bankcard v8 822 EFX FIC0 v8 800 Vantage score 4.0 817 via JC Penney
JC Penney 10/2008 4,700 US Bank Cash 08/2010 12,000 Citibank Custom Cash 5/2015 11,100 State Dept. FCU 06/2023 25,000 02/2024 Redstone FCU Signature VISA 10,000 08/23/2024 Commonwealth Credit Union 15000 07/25
Banking: Lafayette FCU Fortera FCU State Department FCU Redstone FCU Hughes FCU Commonwealth FCU
My personal blacklist Axos Bank, Bank of America, Synchrony Bank Capital One TD Bank Comerica Bank BMO US Bank Wells Fargo
Message 5 of 5
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