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Will a bad credit history in Canada follow you when you move to the US?
Only if the consumer voluntarily reveals the information or finds it necessary to reveal the information to obtain credit in the U.S. It is true that Equifax and TransUnion have bureaus in other countries. However, consumer credit information either good or bad cannot be transferred from one country to another due to the differences in consumer laws, such as the U.S. FCBA, FCPA and so forth. Yes, particularly from Canada, as they and the US share many of the same credit agencies. The best you can do is pay down balances and wait patiently for old accounts to drop off your credit history.
Will your bad US credit history follow you to Canada?
AnswerThe poster is not completely right. I'm an American who has moved to Canada. None of my credit history has followed me to Canada. You will basically start from scratch (which is not easy.) It is true that if you're looking for a large loan (mortgage, for instance), a bank could be persuaded to pull your US history, but for anything else (credit cards, etc.) not only will they not ask for it, but they are usually not interested in getting it. NO bank in Canada (trust me on this) will pull your US history by default. AnswerIn a short word YES. All immigrants to Canada, regardless of where they come from, start off with a neutral credit record, neither good nor bad. In your case, however, a quick computer check will show all your US credit problems, and you will very likely be denied ANY credit here in Canada.The only way to correct that is to pay off your US credit accounts and start to learn to pay CASH for things, after saving up for the item you wish to buy.I know it is hard to believe, but that is the way many of us do it. No credit cards, no interest payments, no late fees. My motto is Pay Cash and Be Happy. And of course, if you pay CASH for an item, nobody can come and take it away from you. EVER.AnswerI certainly agree where consumer debt is concerned. But, Jim, are you suggesting that US residents should NEVER get a University education or buy a home. . . two goals that are out of reach for most people without incurring debt in the thousands, or hundreds of thousands of US dollars? The US and Canada have separate credit reporting agencies. You will have neutral credit, but may find it difficult to establish credit without a history. The most honorable thing to do is make arrangements to pay off your US debts. Either way, examine your spending behavior and decide to change the habits that caused the bad credit history in the first place. Then, even if you stay in the US, your credit history will significantly improve in 7 years.Also, be aware that if you have a bankruptcy, you will not be granted immigrant status in Canada.AnswerI'm a bad one to ask about how I paid for my University degrees. I was a full time member of the Canadian Army, a military police investigator, so I had to arrange to get my education at my own expense, so YES I did pay in advance, for all of it, year by year. I was doing this long before there was such a thing as "distance learning" by computer. I did it the hard way, by correspondence courses, from where ever I my duty took me.Took me 11 years, but I did achieve a BA and then a Masters in Canadian history.I agree that most folks have to have debt, for a home, for instance, but credit cards are simply too easy to get, and too hard to get out from under, for many people.
How one's credit history is established or affected in the US if one only has credit cards as a secondary authorized user only?
It still helps your credit and will make you more likely to be approved by those same companies for your own credit card.
How many credit unions are there in the US?
There were 7,094 credit unions in the US as of 12/31/11.
In th US what month of the year is black history month?
Black History Month is an outgrowth of Negro History Week, established by black historian Carter G. Woodson in 1926. He designated the second week in February to mark the birthdays of both Frederick Douglass and Abraham Lincoln. The week was expanded to a month in 1976, as part of the nation's Bicentennial commemoration. Since 1976, it is celebrated annually in the USA and Canada in February and the UK in the month of October. In the U.S., Black History Month is also referred to as African-American History Month.
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
When a Canadian moves to the U.S. their credit history in Canada is irrelevant. They will have no credit in the U.S. though, which can be worse than having bad credit. hi
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.
Can you transfer your Canada credit score to US?
Check the link http://ezinearticles.com/?Does-Credit-History-Follow-You-Upon-Relocation-From-The-United-States-To-Canada?&id=671033
Does bad credit score in the US effect the credit score in Canada?
Technically, no. The Canadian credit bureau does not share information with the US credit bureaus. However, a Canadian creditor can certainly check with a US credit bureau to check your credit history.
What is the debt collection in Canada and the US?
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
Are US companies in Canada subject to US corporate tax?
Yes, but they will get a credit for taxes paid to Canada.
Does bad Canadian credit affect US credit?
They are completely seperate, though a US credit bureau can be pulled from Canada and vise versa.
If you move from US to Canada can you pay your car loan and credit cards from Canada?
definitely
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 is satellite radio available?
us and canada
Is Lexotan available in the US?
No, it is not available in the US. It is available in Canada and Mexico. The generic medication is Bromazepam, Lexotan is the brand name.
How many credit cards have been issued in Canada and the US?
500000
