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How to Pay for Moving Expenses: 4 Options to Consider ?
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[QUOTE="Yusra3, post: 341198, member: 31907"] Relocating to a new home can quickly become expensive once you factor in costs like hiring movers, renting a truck, purchasing packing supplies, and more. If you don't have enough cash saved up, here are four options to cover your moving expenses: [B] 1. Relocation Package from Employer[/B] If you're moving for a new job, see if your employer offers relocation assistance. Many companies provide lump sum payments or reimbursement plans to help cover reasonable moving costs for transferring staff. [B]2. Low-Interest Credit Card[/B] Using a 0% APR credit card for initial moving expenses can provide an interest-free funding option for 12-18 months while you pay it off gradually. Just ensure you can fully pay before the introductory period ends. [B]3. Personal Loan[/B] An affordable personal loan from a bank, credit union or online lender can finance larger moving expenditures that you repay over a set term, typically 1-5 years. Good credit helps qualify for lower interest rates. [B]4. Gifts from Family[/B] For those with sufficient income to eventually repay, borrowing sums from family with no interest can provide low-cost short-term funding if available. Just be sure to discuss terms upfront. With some creativity and planning, there are several ways to remove the financial stresses often associated with a big move between homes. [/QUOTE]
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How to Pay for Moving Expenses: 4 Options to Consider ?
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