Excellent credit rating, what will happen to it in the states?
#1
Forum Regular
Thread Starter
Joined: Mar 2016
Posts: 80
Excellent credit rating, what will happen to it in the states?
Hi, I'm wondering when my wife a USC and I move permanently to the states, if we need to at some point will I be eligible to get a loan for anything ?
You know like for a car or whatever.
My credit rating is perfect here in the UK, but will that mean anything once we have moved to the US ?
You know like for a car or whatever.
My credit rating is perfect here in the UK, but will that mean anything once we have moved to the US ?
#2
Re: Excellent credit rating, what will happen to it in the states?
Hi, I'm wondering when my wife a USC and I move permanently to the states, if we need to at some point will I be eligible to get a loan for anything ?
You know like for a car or whatever.
My credit rating is perfect here in the UK, but will that mean anything once we have moved to the US ?
You know like for a car or whatever.
My credit rating is perfect here in the UK, but will that mean anything once we have moved to the US ?
What about your USC wife? She's probably got a credit score.
Car? think about international autosource/expatride and doing it in advance of leaving the UK.
#3
Re: Excellent credit rating, what will happen to it in the states?
As PF said you won't have one in the US. When I was car shopping Nissan offered no credit check car loans provided you earn $80k or more.
That said, I don't advise any sort of financing.
That said, I don't advise any sort of financing.
#4
Re: Excellent credit rating, what will happen to it in the states?
Financing/credit cards is the way to build credit history. Not sure why you would not advise it.
#5
Forum Regular
Thread Starter
Joined: Mar 2016
Posts: 80
Re: Excellent credit rating, what will happen to it in the states?
Your UK credit rating means nothing here in the USA. You ae starting all over again. Maybe do a search on this? It's probably in the wiki section too.
What about your USC wife? She's probably got a credit score.
Car? think about international autosource/expatride and doing it in advance of leaving the UK.
What about your USC wife? She's probably got a credit score.
Car? think about international autosource/expatride and doing it in advance of leaving the UK.
Never heard of autosource or expatride, I'll look into them, thanks.
#6
Re: Excellent credit rating, what will happen to it in the states?
I recommend International Autosource - I used them myself and while they might sound a bit "odd", in fact their bread and butter business is selling cars to US military personnel, so they are entirely legit and totally above board.
#7
in Northern California
Joined: Apr 2014
Posts: 284
Re: Excellent credit rating, what will happen to it in the states?
But, as you say, timely loan payments to a reputable lender will have a large and positive impact on your credit score.
#9
Re: Excellent credit rating, what will happen to it in the states?
If you are earning a decent salary and can prove long term employment in you area of work, you should be able to get 3% ish on a car under 5 years old. A bit higher for an older car.
Also you can build up your credit score quite quickly. It should be in the mid 700's within a year or so. Unless you miss payments.
Also if you wife has old credit cards, get her to put you on as a named user.
Also you can build up your credit score quite quickly. It should be in the mid 700's within a year or so. Unless you miss payments.
Also if you wife has old credit cards, get her to put you on as a named user.
#10
Re: Excellent credit rating, what will happen to it in the states?
I can't remember the interest rate. It's just what the guy said when trying to get me to buy one.
Because financing cars is crippling the country. Average payments are now over $500 p/m.
I couldn't imagine us having $1000 p/m car payments even with good jobs to support it.
Leases are even worse in how the payments are structured.
Credit cards are fine for most folk who know how to pay them off entirely each month. However, there has been research that shows the brain spends more on credit card than it would on debit card.
I couldn't imagine us having $1000 p/m car payments even with good jobs to support it.
Leases are even worse in how the payments are structured.
Credit cards are fine for most folk who know how to pay them off entirely each month. However, there has been research that shows the brain spends more on credit card than it would on debit card.
#11
Re: Excellent credit rating, what will happen to it in the states?
Which is why I am commuting in a car that is almost 15 years old and has been to the moon and is nearly half way back. It does the job, and I have no car payment.
#12
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,532
Re: Excellent credit rating, what will happen to it in the states?
I can't remember the interest rate. It's just what the guy said when trying to get me to buy one.
Because financing cars is crippling the country. Average payments are now over $500 p/m.
I couldn't imagine us having $1000 p/m car payments even with good jobs to support it.
Leases are even worse in how the payments are structured.
Credit cards are fine for most folk who know how to pay them off entirely each month. However, there has been research that shows the brain spends more on credit card than it would on debit card.
Because financing cars is crippling the country. Average payments are now over $500 p/m.
I couldn't imagine us having $1000 p/m car payments even with good jobs to support it.
Leases are even worse in how the payments are structured.
Credit cards are fine for most folk who know how to pay them off entirely each month. However, there has been research that shows the brain spends more on credit card than it would on debit card.
#13
Re: Excellent credit rating, what will happen to it in the states?
If only they had put their monthly car payment in their 401k/ 403b when they were younger.
Last edited by Pulaski; Sep 20th 2017 at 12:35 pm.
#14
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,532
Re: Excellent credit rating, what will happen to it in the states?
Well I agree, but I do understand why people might continue to finance a car when younger. But surely, when retirement gets closer, it's perfectly obvious that it would make sense to stop using credit!