Immigrants could be required to show credit scores if they want to stay in the U.S.

[Springrain22 427]

"Under a U.S. Department of Homeland Security proposal, intended to determine who is considered “admissible” to the country, immigrants would have to provide evidence of their financial status. This includes applications for public benefits in the U.S., proof of private health insurance to cover certain medical conditions, and their credit histories and credit scores."

 

I think this is absolutely right!

 

https://www.marketwatch.com/story/guid/F03EE8BE-C105-11E8-B936-2E55B6128C2C

Edited September 26, 2018 by Springrain22

[Ben&Zian 4,398]

Won't get involved in this one today haha..Just watch the fireworks.

[jskibo 588]

This would be interesting, since much of the world has no credit reporting agencies

[mtempelaar 190]

My husband had no credit score on immigrating.   I've worked my butt off to get him a credit score that is even better than mine but it took a couple of years.   It's ridiculous requirement.  Makes far more sense to run a credit report on people signing an affidavit of support. 

[Sunnyland 639]

17 minutes ago, Ben&Zian said:

Won't get involved in this one today haha..Just watch the fireworks.

 

 I have a flu right now so I don't have the strength to go thru this.   I will watch the fireworks from the window. 

[geowrian 22,337]

Meh....the credit history/scores is not something I would look at, especially for new immigrants. The ability to obtain a loan, or past loans, is not really a good indicator of somebody's ability to avoid becoming a public charge in the future. The medical insurance + past public benefit applications I'm fine with, though.

[Russ&Caro 1,549]

6 minutes ago, Sunnyland said:

 

 I have a flu right now so I don't have the strength to go thru this.   I will watch the fireworks from the window. 

You didn't get a flu shot? 😮 That fact now goes onto your credit report.

[little immigrant 801]

As an immigrant I had no credit score coming here. I had no help whatsoever. I had to take out a car loan at a high interest rate to even get my credit score started at 600. Then I was finally able to get a secured credit card and from them on my score went up. 

 

Now my husband got his SSN and I added him as an authorized user on my credit card. Within a month he had a file on creditkarma with a score of 750. 

 

It can be easy if you have help from someone who trusts you but if you start out by yourself it's difficult to even get a credit file and score. 

[Sunnyland 639]

Just now, Russ&Caro said:

You didn't get a flu shot? 😮 That fact now goes onto your credit report.

 

I don't mind anymore. I'm a USC now!  

[Springrain22 427]

2 minutes ago, Russ&Caro said:

You didn't get a flu shot? 😮 That fact now goes onto your credit report.

Really? On my way to get one ASAP! 😄

[Springrain22 427]

1 minute ago, little immigrant said:

 

Now my husband got his SSN and I added him as an authorized user on my credit card. Within a month he had a file on creditkarma with a score of 750. 

Just FYI, CreditKarma only shows VantageScore which is not very accurate, as most lenders and credit checks will use your FICO score, which may be totally different (much less) than your score you see on CK.

[Jeanne Adil 1,651]

Adil was put on my 2010 taxes with the ITIN in 2011 which alllowed me to add him to my checking,  savings and credit card

He came in 2015 and instantly had a credit score /bought a new mustang in 2016 on his own just needed the year of work history here

i have always paid close attention to credit scores and he now sees the importance

[kris&me 572]

our neighbors came over from Germany to work in the New VW plant here

they have work visa only but they have US banking accounts and credit cards

[old-fella 109]

1 hour ago, adil-rafa said:

Adil was put on my 2010 taxes with the ITIN in 2011 which alllowed me to add him to my checking,  savings and credit card

He came in 2015 and instantly had a credit score /bought a new mustang in 2016 on his own just needed the year of work history here

i have always paid close attention to credit scores and he now sees the importance

watching the fireworks while sipping my 4th cup of coffee. 

Got a love for Mustang. I am crazy about Mustang. MUSTANG GUY MYSELF  

[afrocraft 313]

Credit score? This is the silly rule-making that happens when only non-immigrants write the rules...