Credit History

[mrs_sdp 0]

Hi All ...

Can't sleep .. I have all these reason in my head why the K1 might not be approved and NOW I've thought of something else lol!

I hope you don't mind if I run it past you all ....

When I move over to the USA and hubby (more forward planning ) and I decided to try for a mortgage, say three years down the line .. will they check my credit history back in the UK? Due to the financial implications of the separation from my ex, my credit history is awful ... I'm hoping to pay off the one credit card that I have at the moment, but it will be a struggle ....

Any ideas?

Not sure if this is the right place to post this enquiry, but I'm sure someone will move it for me if it's not! Thanks in advance ...

[westguard 0]

Hi

When I moved the USA I had the opposite situation, but which might be beneficial to you. When I applied for a mortgage here, I found that my UK credit history was null and void over here. I had a very good credit history in the UK, but even though Equifax (for example) are an international company, they have different records and different credit scoring methodologies in the UK and the USA.

I therefore had to start from scratch, opened credit card accounts, got a cell phone etc and move my UK accounts to the USA. I will have to wait quite a while to get the score I want, but so far so good, I have a healthy and clean USA credit file.

My reason for mentioning this is that you *might* find your credit history have to start from scratch when you live in the USA. Once you get a SSN and start to get credit you should be able to get a good credit file.

Please don't quote me on this because I don't know this for sure, but I certainly felt like being born again when I came to the USA to live Its a little frustrating but at the end of the day its a different culture/country and people are identified by their SSN (differently to the UK system) so it kind of makes sense why it is all disjointed.

I am not sure if significant credit problems are reported internationally though.

Hope this helps

Mark

[mrs_sdp 0]

Hi

When I moved the USA I had the opposite situation, but which might be beneficial to you. When I applied for a mortgage here, I found that my UK credit history was null and void over here. I had a very good credit history in the UK, but even though Equifax (for example) are an international company, they have different records and different credit scoring methodologies in the UK and the USA.

I therefore had to start from scratch, opened credit card accounts, got a cell phone etc and move my UK accounts to the USA. I will have to wait quite a while to get the score I want, but so far so good, I have a healthy and clean USA credit file.

My reason for mentioning this is that you *might* find your credit history have to start from scratch when you live in the USA. Once you get a SSN and start to get credit you should be able to get a good credit file.

Please don't quote me on this because I don't know this for sure, but I certainly felt like being born again when I came to the USA to live Its a little frustrating but at the end of the day its a different culture/country and people are identified by their SSN (differently to the UK system) so it kind of makes sense why it is all disjointed.

I am not sure if significant credit problems are reported internationally though.

Hope this helps

Mark

Thanks for replying Mark.

I checked the internet to find out if UK credit reports were shared internationally and found a site called Myvesta. It states that because of the Data Protection Act that UK credit reports are not shared with other countries. They also advise that if you have a good credit report, that you should get a copy of it before moving to another country.

So, it looks like I'll be starting with a *clean slate*

We won't be trying for a mortgage for at least three years, we need to get all our ducks in a row financially, but hopefully by that time I will have built up a decent score ....

Thanks for your help .. it was much appreciated!

[Jas_gold 0]

Hi All ...

Can't sleep .. I have all these reason in my head why the K1 might not be approved and NOW I've thought of something else lol!

I hope you don't mind if I run it past you all ....

When I move over to the USA and hubby (more forward planning ) and I decided to try for a mortgage, say three years down the line .. will they check my credit history back in the UK? Due to the financial implications of the separation from my ex, my credit history is awful ... I'm hoping to pay off the one credit card that I have at the moment, but it will be a struggle ....

Any ideas?

Not sure if this is the right place to post this enquiry, but I'm sure someone will move it for me if it's not! Thanks in advance ...

No, Your U.K credit history doesn't get counted. I have worked with Experian and Bank of America, Card Services so I can get the 'fact' out to you though, you have already found the answer

Since you do have about three years, open a credit card (with bank of america, j/k) and manage that debt well..out of all the factors in having good credit score...just make sure you make your monthly payments on time on the credit cards, that will get you a good credit score.

Hope this helps