How to Finance a Move: Make Your Long‑Distance Move Easier

Planning a move can be stressful and costly. This is especially true when it comes to long-distance moves. A big move shouldn’t break your budget. What if you could spread the cost over months, stress‑free?

According to Consumer Affairs, most long-distance moves can run over $10,000, depending on the distance and size of your home. Muscular Moving Men, your Phoenix Movers, can help you manage your moving expenses by exploring your financing options—including a relocation loan.

A relocation loan is a type of financing designed to help you cover big moving expenses.

In under a minute, you can see your moving financing options and available interest rates, with no credit score hit, and choose the plan that fits your life. Pending credit approval, you can get a personal loan to cover your moving costs and a simple fixed payment that makes it easy to stay on track and pay for your move over time. 

If you're ready to learn how to finance a move and to explore your options for a personal loan, keep reading. We're breaking down exactly what you need to know about personal loans for moving and why credit cards just can't measure up.

Financing Your Move With Wisetack

Muscular Moving Men has partnered with Wisetack, one of the leading online lenders, to help movers learn how to finance a move the easy way. With a Wisetack moving loan, you get a personal loan to finance up to $25,000 for your move. Repayment terms range from 3 to 60 months, and the APR varies from 0% to 35.9%. Wisetack is an equal housing lender and can help you move more easily to your new home with competitive interest rates.

You can even prequalify to get a better understanding of what type of personal loan you may be eligible for and what your interest rates may be before you start planning your move. All you have to do is fill in your information, and Wisetack will do a credit review and a review of your information to determine what your personal loan amount and repayment terms would be like. If approved, you'll get the fast funding you need to cover moving expenses and still pay this month's rent. Low-interest or no-interest moving loans help you keep your finances on track so that your move doesn't derail other plans.

Let's take a quick look at how a personal loan from online lenders like Wisetack can help finance your move, and find out what it will cost you.

Say you need $1,200 to cover hiring professional movers for your move. At 8.9% APR, you'll pay $104.89 a month for 12 months. If you have strong credit or excellent credit, you may qualify for 0% APR. Lower interest rates mean lower payments — $400 payments for just three months. 

With Wisetack, the borrower receives a personal loan to cover their essential moving costs with no hidden fees or compounding interest. It's like having moving payment plans to cover the high costs while still being able to afford your daily expenses. 

Upon loan approval, you'll get a lump sum. Use the lump sum to pay for your move. Then, you'll make the required monthly payment. Make the monthly payment each month, and you'll quickly pay off your move, without turning a short- or long-distance move into a financial burden.

Like most personal loan applications, the best first step to take is to check to see if you can prequalify and what interest rates are available. That way, you'll know whether you can use a personal loan to help cover your move.

Personal Loans and Credit Cards

When it comes to borrowing money for large purchases, there are two primary financing options available from financial institutions: personal loans and credit cards. 

With an unsecured personal loan from banks or credit unions, the amount that you qualify for isn't based on the collateral that you can provide, like it is with a secured loan. Instead, the amount you can borrow to cover moving expenses, and your interest rates and repayment terms, are determined through a check of your credit score. Banks or credit unions will analyze your credit history to determine how much you can qualify for.

If you have good credit, you may qualify for a higher loan amount and a lower APR. Having bad credit doesn't necessarily mean that you won't still qualify for a personal loan. Instead, having bad credit could mean a higher APR, increasing the overall amount you'll pay on your personal loan.

You might also consider using a credit card to cover the cost of hiring a moving company. However, credit cards often have high interest rates. A high APR means that you'll pay far more in interest over time. If you have poor credit, it may also be difficult to qualify for a credit card with a high enough limit to cover hiring a moving company. 

Even with strong credit, your loan terms may still be better, especially given the payment terms. Credit cards typically carry an APR between 6% and 36%, while the APR on a moving loan will likely be between 8% and 20%. Additionally, while personal loans typically have fixed repayment terms, such as fixed interest rates for a specified period, the APR or interest rates on a credit card can change over time. 

Unlike a loan term that stays the same, this means the fixed payments you were expecting to make could change. This means that you could be forced to pay more for interest the longer you have the card. It also means that your credit usage may stay high, which can lower your credit score.

While it might beat borrowing from friends or family, a credit card is often a poor way to pay for large purchases associated with your short- or long-distance move.

Expert Tips for Financing Success

If you're trying to figure out how to cover moving expenses and are considering a personal loan, there are a few smart moving budget tips you can follow to make the process easier.

• Prequalify without impact: Most lenders require a credit check when you go to prequalify. Unfortunately, this can impact your credit score and even cause it to drop. Instead, opt for a company like Wisetack that allows you to prequalify to check your personal loan rates without impacting your credit score.
• Avoid deferred‑interest pitfalls by scheduling auto‑payments: When you fail to make a payment, this can lead to deferred interest that can cost you big in the future. To avoid this, set up automatic payments.
• Leverage Wisetack’s no‑fee structure for multi‑service bundling: When bundling multiple services, you can take advantage of Wisetack's no-fee structure to save some cash.
• Check seasonal promotions to lower your financed principal: Seasonal promotions can help you score a lower annual percentage rate on your loan, which means less money spent on fixed interest rates over time. Look for available promotional offers, then check to make sure you know when the promotional period ends so you can be ready.
• Check the moving company fees: Smart financial decisions don't end after you get your relocation loan and start making your monthly loan payment. After you qualify for a loan and you start shopping for a moving company, make sure to check for hidden fees. These can leave you unable to pay the entire moving bill using your loan.
• Get real about what you need: Will you need relocation assistance from movers to help you unpack in your new home? Will you have to pay for temporary housing until your new house is ready? Are there any co-borrowers with a stable income and strong credit that may help you move? Getting real about what you need for your move will help you to better estimate how much of a loan you need.
• Tighten your moving budget: A cross-country move isn't cheap. Even if you plan to get a loan, keeping your loan total as low as possible will help you save over time. Some tips to lower your moving expenses include moving on a business day instead of a busy weekend and sourcing free packing materials from friends and family.
• Start planning early: From getting approval for a loan to researching moving companies and packing, the best thing you can do during a move is get started as early as possible. Every step of the moving process tends to take longer than most people think. Starting early allows you to take your time finding the right moving company and getting financing that works for you.
• Borrow only what you need: While it may be tempting to apply for a loan for more than the amount you actually need, this is often a bad financial decision. If you are moving for a new job, it can be difficult to estimate what your finances will be like in the future. Even with a stable job, you could find it difficult to make your higher loan payment. Over time, if you can't make your loan payments, you may damage your credit, and the financial burden could affect your spending in the future. Instead, apply for only the loan amount you actually need to finance your long-distance move to lower your monthly payment.

How to Finance a Move With Wisetack

Financing a move doesn’t have to be a financial burden. Muscular Moving Men's Wisetack partnership turns a big bill into manageable, transparent payments with fast funding through a moving loan.

Thousands of customers have already prequalified stress‑free for a loan agreement that works for them and allows them to easily finance their long distance move. Now it’s your turn. You can get a loan offer in just minutes, with an APR that can vary based on your unique credit history.

If you're planning a cross-country move, don't let the move lead to financial difficulties. Instead, check to see if you qualify for a moving loan. Your moving loan can help cover relocation expenses, including one of the biggest: hiring professional movers.

Whether you need temporary housing until your new home is ready, have just started a new job and are busy and stressed, or simply have a lot of belongings for your cross-country move, getting relocation assistance in the form of a loan can make the entire moving process easier and less stressful.

Give Muscular Moving Men a Call Today

Ready to make your move and pay your loan on your terms? Get your free, no-obligation quote from the trusted Phoenix movers at Muscular Moving Men and prequalify in under a minute. To get started, give our team a call today at (877) 434-8668.