Wednesday, May 26, 2010

If a US citizen immigrates to Canada, does their credit rating follow, or do you start all over?

Getting banking information accross boarders is almost as difficult as getting yourself accross boarders. Banking info like credit ratings are NOT allowed to be shared between countries unless you jump through the red tape. When my parents moved to the US, they gave up over 30 years of good credit in Canada and had to start fresh in the US, but they gad a US department store credit card for at least 20 years and that had given them some credit rating. You will need to talk to an expert in immigration to see if it is worth it.



If a US citizen immigrates to Canada, does their credit rating follow, or do you start all over?

follows you , they share info.

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