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Building credit

Building credit

Old Nov 15th 2017, 6:52 pm
  #16  
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Default Re: Building credit

Originally Posted by BenK91 View Post
Your details are probably on the black market for sale regardless of what credit bureau you use.

I use CreditKarma on my iOS device and I also use Experian from time to time.
Also use credit karma and Discover's FICO score.
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Old Dec 2nd 2017, 5:46 am
  #17  
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Default Re: Building credit

Related to this topic, I moved to the US mid-October and have just gotten CreditKarma setup, my score right now is 735 which seems pretty good all things considered (I have 2 credit cards active.)
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Old Dec 2nd 2017, 3:44 pm
  #18  
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Default Re: Building credit

I got an Amex card about 6 months before I moved. They have s global transfer scheme and I got $8k as soon as I arrived in Mid Nov. Nearly maxed the card setting up but dont know if best to pay it all or leave sum or let the statement come in as nearly maxed and pay in full.

I also got a BMW on lease as BMW have their own finance and do global credit checking.

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Old Dec 3rd 2017, 6:38 pm
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Default Re: Building credit

Tom I just got a Nissan on lease with an $80000 pension they did credit check but all was OK but they did not check on income just took my word
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Old Dec 5th 2017, 3:03 am
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Default Re: Building credit

my UK credit rating is good but I understand you need to “start again” in the US. How difficult will it be to obtain credit? How long would I need to build credit to get a car loan? Mobile/cell contract? rent an apartment? Besides prepaid/ discovery type credit cards can anyone suggest other ways to build credit?
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Old Dec 5th 2017, 4:21 am
  #21  
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Default Re: Building credit

I got an Amex card in the UK and used it for 4 months. They have me a US Amex under global transfer with a decent credit limit in one phone call.

I went in to TMobile when I arrived and got the same plan as anyone would get. $145 a month for 3 phones with unlimited calls and text and 50gb of shared data and a years Netflix subscription. All I had to do was give them a $145 deposit which they credit back to my account after 13 months.

Also managed to lease an X5 as BMW have their own finance and do a UK credit check under their exec program.

Originally Posted by danj26 View Post
my UK credit rating is good but I understand you need to “start again” in the US. How difficult will it be to obtain credit? How long would I need to build credit to get a car loan? Mobile/cell contract? rent an apartment? Besides prepaid/ discovery type credit cards can anyone suggest other ways to build credit?
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Old Dec 5th 2017, 7:46 am
  #22  
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Default Re: Building credit

Originally Posted by Noodler View Post
I got an Amex card in the UK and used it for 4 months. They have me a US Amex under global transfer with a decent credit limit in one phone call.

I went in to TMobile when I arrived and got the same plan as anyone would get. $145 a month for 3 phones with unlimited calls and text and 50gb of shared data and a years Netflix subscription. All I had to do was give them a $145 deposit which they credit back to my account after 13 months.

Also managed to lease an X5 as BMW have their own finance and do a UK credit check under their exec program.
Thanks very much. Will try for an AMEX beforehand. It’s good to know getting a phone contract won’t be difficult! X5 nice car! Thanks, Daniel.
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Old Dec 5th 2017, 5:20 pm
  #23  
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Default Re: Building credit

Originally Posted by danj26 View Post
my UK credit rating is good but I understand you need to “start again” in the US. How difficult will it be to obtain credit? How long would I need to build credit to get a car loan? Mobile/cell contract? rent an apartment? Besides prepaid/ discovery type credit cards can anyone suggest other ways to build credit?
You could read the thread, or the super helpful Wiki entry, above, that covers most of those questions as a good starting point...

Fatbrit's Guide to Credit and Finance : British Expat Wiki
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Old Dec 5th 2017, 5:21 pm
  #24  
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Default Re: Building credit

Originally Posted by danj26 View Post
Thanks very much. Will try for an AMEX beforehand. It’s good to know getting a phone contract won’t be difficult! X5 nice car! Thanks, Daniel.
Though budget anything from $50-600 as a deposit for all utilities.
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Old Dec 5th 2017, 5:22 pm
  #25  
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Default Re: Building credit

I use credit karma as a guide only. Scores were 20-30 points higher when my credit was pulled by our mortgage provider vs the info on credit karma. Not sure why... we got a better rate in any case!
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Old Dec 5th 2017, 5:32 pm
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Default Re: Building credit

Originally Posted by PetrifiedExPat View Post
I use credit karma as a guide only. Scores were 20-30 points higher ....
Agreed, Credit Karma uses a different scoring model, and I find that banks/lenders consistently report that my FICO credit score is at least 20-30 points higher than CK reports.
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Old Dec 5th 2017, 5:35 pm
  #27  
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Default Re: Building credit

Thanks Bob. Have read the thread and have learnt some good stuff - thank you. Can you please clarify though as you made my heart sink to my stomach. When you say £50-600 deposit utilities!! trust this was a typo but please confirm for gas, electric, water etc should not usually exceed $100pm in LA? Honestly I hadn’t even considered the energy supply aspect so thank you! Daniel.
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Old Dec 5th 2017, 5:38 pm
  #28  
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Default Re: Building credit

Originally Posted by Pulaski View Post
Agreed, Credit Karma uses a different scoring model, and I find that banks/lenders consistently report that my FICO credit score is at least 20-30 points higher than CK reports.

May I ask are you from the UK? How long has it taken to establish sufficient credit to secure a mortgage?
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Old Dec 5th 2017, 5:43 pm
  #29  
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Default Re: Building credit

Originally Posted by Pulaski View Post
Agreed, Credit Karma uses a different scoring model, and I find that banks/lenders consistently report that my FICO credit score is at least 20-30 points higher than CK reports.
Does it really matter what credit scoring agency your lender use? In my experience from the UK, some use Experian and others Equifax! In the USA can you opt to have your record drawn from the most generous rated agency? Thanks, Daniel.
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Old Dec 5th 2017, 5:50 pm
  #30  
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Default Re: Building credit

Originally Posted by PetrifiedExPat View Post
I use credit karma as a guide only. Scores were 20-30 points higher when my credit was pulled by our mortgage provider vs the info on credit karma. Not sure why... we got a better rate in any case!
Hi! Just curious to know.. assume you are British and married US citizen. How long did it take you to establish sufficient credit in order to take out a mortgage in the US? Is the amount they lend you similar to UK rules? 4 x annual salary? Thanks, Daniel.
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