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No, it does not, and this can be a benefit as well as a big problem. If you have outstanding debts, they will not report to American credit bureaus. However, this can also pose a problem if you are trying to buy a home in Another Country and you have no credit in that country. Also keep in mind: if this or a similar situation DOES occur, and you need credit, an option is to have an international credit report pulled by your lender (based on the country you are from). It may be your only option, so if you don't keep your credit in good standing in your home country, it may very well come back to haunt you! More input from FAQ Farmers: * When I first came to the US (as an adult) I had no credit history at all. American Express was very glad to issue me a local credit card with the same conditions as my foreign-issued American Express credit card. This was great since I began building a history right away.
Wiki User
∙ 17y ago
Wiki User
∙ 19y agoThe short answer is "no." There is no exchange of credit histories with credit bureaux in other countries. When I moved to a foreign country (the UK) I couldn't even get a checking account, because they said they had no possible means of access to my US credit history. (This bank had no operations in the US.) That doesn't necessarily mean that your bad credit here can't affect your ability to get a loan there. If the lender in Africa is part of a multinational bank that operates in the US, they may still be able to get access to your credit history that way. However, they can only do this according to US law, so you would have to sign a permission for them to access your credit report. (If the lender in Africa is actually a part of one of the companies with whom you have bad credit in the US, however, they can use the information about their own experience with you without any special authorization.)
Wiki User
∙ 11y agoYes they do as long as they are of a supported type for the country you are visiting eg. Visa, MasterCard, Diners Club etc etc.......
But some countries use different length PIN some countries use 4 digit PIN some use 6 Digit PIN, so even though i had a supported card i could not use a cash dispenser machine, i had to go to a bank.
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When you have moved to the US from Canada and have an excellent credit history will banks and mortgage lenders need your credit history if it applies in a different country?
No they won't.
How much is the limit available for a balance transfer for your credit card?
This amount is different for everyone and depends on your specific credit card, credit history, credit card company, etc. The best way to find out what your limit is is to contact your credit card company directly.
How do you check the credit history of a foreigner?
The information from a credit history doesn't transfer. So what has to be done before the person moves is to get a U.S. bank account and try to establish some credit.
Does your credit history in the US affect your credit in other countries?
Other countries use different credit reporting systems. Credit history usually applies to only one country. Even within the same credit card network, information is not shared between different countries. For example, if a person has been living in Canada for many years and then moves to the United States, when they apply for credit cards or a mortgage in the U.S., they would usually not be approved because of a lack of credit history, even if they had an excellent credit rating in their home country and even if they had a very high salary in their home country. (Source: Wikipedia) refer to links for more information
Can I transfer Canadian Credit score to US?
No. Credit scoring companies in different companies, even if under the same name, do not share credit information from country-to-country due to information privacy laws. You will need to build credit from scratch if moving to the US, however, your Canadian bank can help by providing a reference letter.
Where can one compare the balance transfer rates on different credit cards?
You can compare the balance transfer rates on different credit cards on lots of websites. A few examples are moneysavingexpert, moneysupermarket, canstar and many other sites.
Can you transfer your Canadian credit history to the US or will you have to start building it all over?
Nope. You will considered as if you were born today. No credit history in the USA? No credit given to you. It will take at least 5 years to establish your USA credit record, step by step. Jim Bunting. Toronto.
What type of balance transfer offers are available online?
There aren't a whole lot of offers available. Good balance transfer rates usually aren't given to individuals with minimal or no credit history, but to individuals with solid credit.
If you have an unpaid credit card in another country what conditions must apply before they can they report the debt to your US credit report?
CRA's in the US, report the credit history of transactions made only in the US. Therefore credit history from another country would not show up on a report in the US. This does not prevent a prospective creditor from requiring confirmation of the person's previous credit history.
Where can one obtain a free credit history check?
A person can obtain a free credit history check from several different places. Some of these places include Credit Karma, Credit Sesame, and Experian.
Where may one balance transfer credit?
If one wants to transfer a balance from one credit card to another credit card, the gaining credit card will arrange the transfer. There is a transfer fee involved with the transaction.
Is bad credit wiped away if you move to another country?
If you leave the country your credit will not be wiped clean. The "black" marks will remain on your credit bureau for 7 years after the date of your last payment to the debt(acknoledgement of the debt) Different countries have their own credit bureau's ie. Canada, US. However it is possible for a creditor to transfer the bad debt onto the credit bureau of the country you reside. Running away will not fix your credit problems. The best option is to deal with your individual creditors and make arrangements.
