Best Personal Loans For Moving Expenses For Good & Bad Credit

Whether or not you should use a moving company depends on various factors. The time, cost, distance and complexity of the move are some of your major considerations. Ultimately, the decision to use a moving company depends on your individual circumstances and priorities. Assess your needs and budget to determine the right choice for you. If you decide to hire a company to help you with your move, be sure to  choose a reputable one with a track record of providing quality service.

With a focus on customer needs, PODS have been simplifying moving and storage for over 25 years. When you choose PODS, you are accessing personalized support from their dedicated team. With PODS, you can enjoy convenient storage solutions from driveway storage or secure storage at a PODS Storage Center. Flexibility is key, and with PODS you will be in charge of the schedule. When you're ready for the move, you can access packing and loading assistance from top-rated professionals in your local area to make your process easier. Learn more about the cost of moving and getting a moving loan at PODS.com.

The national average for moving expenses is $3,946, with the typical range starting at $914 and costing up to $6,978. Distance can play a big role in the cost of moving. For long distance moves you may need to travel, transport vehicles, pay higher fees for movers, and so forth. This can substantially increase the cost of your move. Regardless of the distance, other costs associated with moving include boxes, tape, protective moving equipment, and so forth. While these things seem minor, they can add up quickly. On top of the costs directly associated with the move, you may need to put down a deposit or down payment to secure your new place. During a move, cash can be tight. Moving loans can improve cash flow as you navigate the shift of the place you call home.

At Acorn Finance, our lending partners can fund loans as soon as 1-2 business days, although funding times can vary. Funding times usually begin at the time of approval, so you may want to consider the time it takes to get prequalified too. Generally, you will get prequalified first. At this stage the lender can extend an offer with contingencies. You may need to submit supporting documentation such as identification or proof of income. Once the lender’s contingencies have been met, they can issue an approval and work to fund the loan. 

Requirements can vary by lender, but in general here are some factors that lenders can consider when determining eligibility:

• Income
• Current debts
• Credit score
• Length of credit history 
• Stability (employment and residency) 

One of the biggest determinants for most lenders is credit score. Offers will be more likely to be returned for borrowers with fair, good, average, or excellent credit. Most lenders on the Acorn Finance platform have a credit score cutoff of 600 or above.

Before choosing the best moving loan you should determine how much you need to borrow. You should also determine how quickly you can afford to repay (you can do this by budgeting a monthly payment). Credit cards and personal loans are two popular avenues of financing for moving loans. For small amounts that you can repay quickly, for example 30-60 days, a credit card can help you overcome cash flow challenges associated with a move. For larger sums that you need more time to repay, a personal loan can be a good option to consider. Personal loans are funded as a lump sum and repaid in fixed monthly installments. With a wide selection of lenders that offer personal loans, you can explore your options. At Acorn Finance, you can compare offers from top national lenders with no credit score impact. Take advantage of our secure platform to get prequalified in 60 seconds or less.

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