Establishing Credit
Sep 2nd 2005, 3:20 pm
#1
Forum Regular
Thread Starter
Joined: Apr 2005
Location: Annapolis, MD
Posts: 35
Establishing Credit
I am a UK Citizen, who has recently emigrated to the USA. Married a USC and now here on the CR1. I have opened a bank account as now have SSN. I need to establish credit to purchase a home.
How can I do this?
Also, I used to own a home in the UK, had a mortgage and everything, Can I transfer credit from the UK to the USA to save waiting for my credit score to slowly go up?
Any advice would be appreciated.
How can I do this?
Also, I used to own a home in the UK, had a mortgage and everything, Can I transfer credit from the UK to the USA to save waiting for my credit score to slowly go up?
Any advice would be appreciated.
Sep 2nd 2005, 3:41 pm
#2
BE Forum Addict
Joined: Mar 2004
Location: Chicago, Il
Posts: 1,320
Re: Establishing Credit
1. go to your bank... arrange a secured credit card
2. buy a car on credit - even if its only $2000 on credit.. do it.. take the shitty rate (likely around 17%).
3. Use the card, pay for them both on time.
4. when you start getting offers in the post saying "you qualified for our -1% credit card" then check your credit score.
2. buy a car on credit - even if its only $2000 on credit.. do it.. take the shitty rate (likely around 17%).
3. Use the card, pay for them both on time.
4. when you start getting offers in the post saying "you qualified for our -1% credit card" then check your credit score.
Sep 2nd 2005, 3:43 pm
#3
Septicity
Joined: May 2004
Posts: 23,762
Re: Establishing Credit
Originally Posted by emily
I am a UK Citizen, who has recently emigrated to the USA. Married a USC and now here on the CR1. I have opened a bank account as now have SSN. I need to establish credit to purchase a home.
How can I do this?
Also, I used to own a home in the UK, had a mortgage and everything, Can I transfer credit from the UK to the USA to save waiting for my credit score to slowly go up?
Any advice would be appreciated.
How can I do this?
Also, I used to own a home in the UK, had a mortgage and everything, Can I transfer credit from the UK to the USA to save waiting for my credit score to slowly go up?
Any advice would be appreciated.
UK credit history is not transferable to US.
There's a short primer here.
What is your spouse's US credit history like? Has he got any US credit cards, for example?
Have you got a UK Amex or MBNA credit card?
How much down payment (proportion) have you got for the house?
