Absolutely. Anyone can APPLY anytime they want. If you've had credit in the past, someone's tracked your financial behavior. It's out there - following you.
No they won't.
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.
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.
No. Credit reports do not transfer across international lines. This includes Canada to US as well.
No, not in the sense that a person can be legally pursued or have credit denied due to the credit history in another country. However, if the person has had credit problems with a bank that has locations in another country, they can be denied banking privileges at that institution, which may create other problems
yes they do if the credit card is stolen they will track it as soon as reported stolen
There are very many countries with credit reporting agencies. Credit agencies use them to receive their data quickly. If there is a credit agency in any particular country then more than likely there is a reporting agency.
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
It goes on your Credit History as an incomplete pay history and in the comments sections in the Credit History for that bank they will give the reason for the negative history.
Most international students find it difficult to get a credit card in the U.S. because they have not established a credit history and because they are not U.S. residents. For newly arrived students, you may want to try using a "secured credit card". These cards offer some of the conveniences of a credit card, except that you secure your credit card with a deposit that becomes your credit line. The best part is that your secured card is reported as a regular credit card on your credit report. Check with your bank on the secured credit card.
You can get credit history by having a credit card or line of credit. Anything that reports to the credit bureaus that you are paying each month. You can also get some credit accounts added to your credit history by becoming an authorized user on a spouses or family members account. All this doesn't matter if it isn't paid on time, so a credit history length with a good payment history will help your credit score.
If you're going out of the country and are aware of the dangers of bringing in-pocket cash with you, there are a multitude of alternative choices, such as international credit cards. Discover, Capital One, and Air Miles are just a few of the many options out there.