Gettin Finance when landed permanently
#1
The /wortley`s
Thread Starter
Joined: Dec 2006
Location: Halesowen, West Midlands
Posts: 186
Gettin Finance when landed permanently
Hi, we are in the final stages of our journey, we officially landed in Dec 08 but just waiting for house to sell!!!!. Does anyone have any info on applying for finance once we get there. We will obviously have the money from our house but that will probably go on the deposit for house. We will need cars and other items no doubt which we will need finance for. As we have no credit history over there just wondered where we stood, how easy or difficult is it? Thanks
#2
Account Closed
Joined: Jan 2007
Posts: 2,404
Re: Gettin Finance when landed permanently
Hi, we are in the final stages of our journey, we officially landed in Dec 08 but just waiting for house to sell!!!!. Does anyone have any info on applying for finance once we get there. We will obviously have the money from our house but that will probably go on the deposit for house. We will need cars and other items no doubt which we will need finance for. As we have no credit history over there just wondered where we stood, how easy or difficult is it? Thanks
Speak to the banks. If one says no, try a different company.
#3
Re: Gettin Finance when landed permanently
We got ourselves an Amex card in the UK a few months before we left. Once we got to Canada they let us swap it for a Canadian one with a reasonable limit to start us off with (it took a couple of chats with different people at the call centre though!). Gives you something that you can get a bit of credit history with.
#4
Re: Gettin Finance when landed permanently
We came over with a big wad of cash but it didn't help us get finance any easier!! We managed to get a mortgage from the bank I had set up my personal and business account with - no-one else would offer us anything until we had built up a credit history in Canada of at least 3-6 months, unless we were willing to put a 25% deposit down.
I managed to get car finance with Nissan, but with strict conditions and a large deposit.
I got a credit card with my business account which I try to buy everything on and pay it off, just to build up some more credit history.
The bank and Nissan wanted to see up to date credit reports from Equifax (mine was excellent btw) before they would even consider me for credit.
We tried to get some furniture on 'buy now pay later' but because we didn't have at least 6 months credit history, we were refused - even though I earn good money.
I managed to get car finance with Nissan, but with strict conditions and a large deposit.
I got a credit card with my business account which I try to buy everything on and pay it off, just to build up some more credit history.
The bank and Nissan wanted to see up to date credit reports from Equifax (mine was excellent btw) before they would even consider me for credit.
We tried to get some furniture on 'buy now pay later' but because we didn't have at least 6 months credit history, we were refused - even though I earn good money.