Posted on: 21-08-07 20:44:55
I am new to USa so is there a Sa credit report so as to be able to get full facilities of a good credit history ?
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
As far as I know, there is no official/formal way of carrying credit over the border (either way).
Canadians moving to the US have to establish new credit and vice versa.
However, in some cases, if you stay with the same bank on both sides of the border (for example, American Express, etc.) they *may* relax the rules a little on a case-by-case basis.
When I moved from US to Canada, I had called American Express and they told me that both the companies are separate but AmEx Canada may show some consideration when applying for a credit card or loan based on US credit history.
Also, when I was applying for a new mortgage with ScotiaBank a few years ago, after a lot of haggling, they had agreed to accept my US credit history.
However, I have heard that the other way round is much more difficult i.e. US creditors don't give a hoot about Canadian credit rating.
Notwithstanding any of this, creditors on the either side of the border will readily "sell" debt to collection agencies on the other side of the border as soon as they find out their debtor has jumped borders 
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
I go a Home mortgage easily based on my Canadian credit score.
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Quote:From what I hear, these days in the US they will lend you mortgage based on your credit score in Timbuktu.
Originally posted by Loser
I go a Home mortgage easily based on my Canadian credit score.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Quote:
Originally posted by pratickm
Quote:From what I hear, these days in the US they will lend you mortgage based on your credit score in Timbuktu.
Originally posted by Loser
I go a Home mortgage easily based on my Canadian credit score.
What you have heard is exactly the opposite of the reality. Lenders are more than careful these days because of the skyrocketing foreclosure rates. This is in the U.S. national news almost everyday.
Quote:I know. And that is what I was referring to.
Originally posted by cdn_dude
What you have heard is exactly the opposite of the reality. Lenders are more than careful these days because of the skyrocketing foreclosure rates. This is in the U.S. national news almost everyday.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
