Credit Building For New Immigrants

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Credit reporting agencies such as Equifax, TransUnion, Northern Credit Bureaus and Equifax, only collect information from creditors about consumers’ financial experiences in Canada and is seperate from U.S. credit reporting agencies and vice versa. Despite this, financial institutions may be willing to recognize your earlier credit history outside Canada or vice versa if you ask them to do so. This may involve, for example, requesting a copy of your credit report from the credit-reporting agency in the other country and sitting down with a branch officer to discuss your credit or loan application.

In conclusion, I found that credit reports and profiles do not transfer from one country to the next. When moving to a new country, you will have to start from a no credit profile, therefore you may have to apply for a secured credit card to build a credit score, which I have located a site at http://www.consumerbadcreditguide.com that has secured and unsecured credit cards to start building credit.