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Old Jan 6th 2018, 5:58 pm   #61
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Default Re: Building credit

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Originally Posted by paul_1985 View Post
That's my plan, my girlfriend has a TD bank account so will use them I think.

HSBC have told me I'll keep my UK bank as long as I have money in it, which I will be leaving some for Christmas presents etc..

They also have said I will be entitled to a Premier Account in the US also which will at least get me going! They've even said they would open it in the UK before I leave as long as I have a US address to send the correspondence to.
HSBC were great for me. They gave me a credit card based on my US Salary rather than credit rating (I had no HSBC account in the UK) which has allowed me to get set up in NYC rather than having to split big purchases (furniture etc) into small chunks across the year.

As a result my credit is probably not brilliant (still trying to sign up with a credit bureau) but I'm making inroads into paying off the initial outlay so it should hopefully improve over the next 6 months.
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Old Jan 8th 2018, 3:00 pm   #62
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Default Re: Building credit

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Originally Posted by MorsePacific View Post
HSBC were great for me. They gave me a credit card based on my US Salary rather than credit rating (I had no HSBC account in the UK) which has allowed me to get set up in NYC rather than having to split big purchases (furniture etc) into small chunks across the year.

As a result my credit is probably not brilliant (still trying to sign up with a credit bureau) but I'm making inroads into paying off the initial outlay so it should hopefully improve over the next 6 months.
Why not use CreditKarma?
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Old Jan 8th 2018, 3:22 pm   #63
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Default Re: Building credit

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Why not use CreditKarma?
Isnt one free credit report the rule in USA ?
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Old Jan 8th 2018, 3:29 pm   #64
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Default Re: Building credit

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Originally Posted by morpeth View Post
Isnt one free credit report the rule in USA ?
You could be talking about your FICO score and Experian offering one free FICO score/report.

I use CreditKarma (it's free) as it updates weekly and I also have access to my FICO score through Wells Fargo.
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Old Jan 8th 2018, 3:37 pm   #65
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Default Re: Building credit

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Originally Posted by morpeth View Post
Isnt one free credit report the rule in USA ?
You can get one free credit report (but not a score) each year direct from each of the three credit agencies via annualcrediteport.com

That is now somewhat outdated when you can also get scores and credit reports free from other sources Eg credit Karma.

Many of the scores are Vantage rather than FICO but they are still useful in monitoring the overall trend of your score. It is a mistake to think in terms of one score. There are different versions of Vantage and FICO.
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Old Jan 8th 2018, 11:34 pm   #66
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Default Re: Building credit

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Originally Posted by BenK91 View Post
Why not use CreditKarma?
I've signed up, but as I don't have a New York ID card they wanted me to either mail or fax some proof of ID - apparently the fax of my passport didn't go through so I need to redo it.
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Old Jan 12th 2018, 10:55 pm   #67
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Default Re: Building credit

Today is day 57 for me in the US and my Credit Karma app updates today and I have my first credit score of 681.
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Old Jan 13th 2018, 12:08 am   #68
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Default Re: Building credit

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Originally Posted by Noodler View Post
Today is day 57 for me in the US and my Credit Karma app updates today and I have my first credit score of 681.
Credit score won't be your problem, it will be credit history that will restrict your options.
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Old Jan 13th 2018, 1:28 am   #69
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Default Re: Building credit

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Credit score won't be your problem, it will be credit history that will restrict your options.
Nail on the head.

My average age of accounts is about to hit a year old which will make a pretty significant difference my credit union said.

Obviously nothing you can do about this apart from wait it out and make payments on time and keep your utilization low (unless you intend to pay the balance off in full monthly).
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