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Old Oct 6th 2017, 10:59 am   #61
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Default Re: Excellent credit rating, what will happen to it in the states?

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Originally Posted by veryfunny View Post
Credit Karma says otherwise, please elucidate. THX.
I am not interested in fighting shadows. Please post what you see in CK, then we can discuss it. ..... I am guessing that CK talks about your ability to get credit, which is exactly what I said in post #46, above.

The (FICO) credit score comprises only five elements: amounts owed, payment history, credit mix, length of credit history, and new credit applications (not loans, "applications"). The other factors you listed are not part of the FICO credit score calculation.
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Old Oct 6th 2017, 11:38 am   #62
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Default Re: Excellent credit rating, what will happen to it in the states?

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Originally Posted by Pulaski View Post
I am not interested in fighting shadows. Please post what you see in CK, then we can discuss it. ..... I am guessing that CK talks about your ability to get credit, which is exactly what I said in post #46, above.

The (FICO) credit score comprises only five elements: amounts owed, payment history, credit mix, length of credit history, and new credit applications (not loans, "applications"). The other factors you listed are not part of the FICO credit score calculation.
Credit Karma, which uses the VantageScore 3.0 (which is a credit scoring model devised by all three credit bureau) uses the same five elements plus credit card use.
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Old Oct 6th 2017, 3:54 pm   #63
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Default Re: Excellent credit rating, what will happen to it in the states?

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Originally Posted by MidAtlantic View Post
Credit Karma, which uses the VantageScore 3.0 (which is a credit scoring model devised by all three credit bureau) uses the same five elements plus credit card use.
My FICO score does go down if I stop using my credit cards. I am assuming FICO also take credit usage into account, not just the fact that you have credit.
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Old Oct 12th 2017, 1:04 am   #64
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Default Re: Excellent credit rating, what will happen to it in the states?

The usual way to solve this problem is to get an American Express card and then transfer over the account when you move, instant credit rating.
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Old Oct 12th 2017, 1:57 am   #65
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Default Re: Excellent credit rating, what will happen to it in the states?

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Originally Posted by Steve_ View Post
The usual way to solve this problem is to get an American Express card and then transfer over the account when you move, instant credit rating.
Instant credit, not rating. I don't think it transfers any history, that still remains at zero and has to be built up from scratch.

Still, is a big help. I did this thanks to advice from this forum and it means I was able to get a real credit card with decent limit from the start, not rely on secured cards to get started out.
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Old Oct 12th 2017, 2:24 am   #66
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Default Re: Excellent credit rating, what will happen to it in the states?

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Instant credit, not rating. I don't think it transfers any history, that ....
I can't remember if it's still true, but at one time Amex was reporting the length of your relationship with Amex as the time you had had credit with themm So if you had held an Amex card in the UK since 2010 but didn't immigrate to the US until 2015, when you got your US Amex card and supplied your US SSN to Amex for credit reporting purposes, you would immediately show a credit history of 5 years. ..... But like I said, they may have stopped doing that.
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