Credit history usually applies to only one country. Even within the
same credit card network, information is not shared between different
countries. For example, if a person has been living in Canada for many
years and then moves to the United States, when they apply for credit
cards or a mortgage in the U.S., they would usually not be approved
because of a lack of credit history, even if they had an excellent
credit rating in their home country and even if they had a very high
salary in their home country.
An immigrant must establish a credit history from scratch in the new
country. Therefore, it is usually very difficult for immigrants to
obtain credit cards and mortgages until after they have worked in the
new country with a stable income for several years.
Some credit card companies (e.g. American Express) can transfer
credit cards from one country to another and this way help starting a
credit history.
Credit history usually applies to only one country. Even within the same credit card network, information is not shared between different countries. For example, if a person has been living in Canada for many years and then moves to the United States, when they apply for credit cards or a mortgage in the U.S., they would usually not be approved because of a lack of credit history, even if they had an excellent credit rating in their home country and even if they had a very high salary in their home country.
Credit history usually applies to only one country. Even within the same credit card network, information is not shared between different countries. For example, if a person has been living in Canada for many years and then moves to the United States, when they apply for credit cards or a mortgage in the U.S., they would usually not be approved because of a lack of credit history, even if they had an excellent credit rating in their home country and even if they had a very high salary in their home country.
An immigrant must establish a credit history from scratch in the new
country. Therefore, it is usually very difficult for immigrants to
obtain credit cards and mortgages until after they have worked in the
new country with a stable income for several years.
Some credit card companies (e.g. American Express) can transfer
credit cards from one country to another and this way help starting a
credit history.
______
Credit history usually applies to only one country. Even within the same credit card network, information is not shared between different countries. For example, if a person has been living in Canada for many years and then moves to the United States, when they apply for credit cards or a mortgage in the U.S., they would usually not be approved because of a lack of credit history, even if they had an excellent credit rating in their home country and even if they had a very high salary in their home country.
______
Credit history usually applies to only one country. Even within the same credit card network, information is not shared between different countries. For example, if a person has been living in Canada for many years and then moves to the United States, when they apply for credit cards or a mortgage in the U.S., they would usually not be approved because of a lack of credit history, even if they had an excellent credit rating in their home country and even if they had a very high salary in their home country.
An immigrant must establish a credit history from scratch in the new
country. Therefore, it is usually very difficult for immigrants to
obtain credit cards and mortgages until after they have worked in the
new country with a stable income for several years.
No comments:
Post a Comment