Bad Credit in the UK?

[chloe 1]

Well, to be honest, my main concern at the moment is filing AOS and finding our feet here in the US.

Paying off 10 year old debts isnt really high priority at the mo, me and my creditors have history!!!

Once Im working and we have 2 salaries coming in, I'll probably tackle them.

[broma25 2]

Is the plan to walk away from them or are you paying them from the US??

I knew that question would be asked!

Meanwhile, a US credit check is based on the person's ss#. Anything not linked to that number would not, theoretically, factor in.

I think its a valid question, debt is debt no matter which country its from and as such I believe should be paid. I have debts in the UK myself but I am taking care of them from the US and yes its a struggle, but I believe its necessary as I may at some point go back to the UK and don't want my credit damaged.

[homesick_american 1]

Also, if your spouse has good credit, then start linking your name to all of their accounts. It will quickly rub off on you and any reason for possible secondary UK checks should not be necessary. I would imagine in they are only checking the UK because there is no US credit history.

My cousin had a mortgage applicant with A+ credit sitting in front of him who'd only been in the USA for one year so he checked his credit in the UK and found that the guy had abandoned debt over there. He denied the loan. I guess the moral is...if you have bad credit in the UK, don't ask for a loan from my cousin.

So if this DOES happen to you, then just apply somewhere else. It sounds extremely rare that lenders are checking the UK at all. And I would assume you would have to give them full UK details (address, etc) as there is no other way to track applicants. You could withdraw your application at that time and apply somewhere else before the check is done.

Sure, you could; but my cousin lives in an immigrant-heavy city and he gets tired of them defaulting on loans so he is doing credit checks in an applicant's native country more and more often. He told me that immigrants are much much more likely to default on a loan than a native-born US citizen. He can't be the only loan officer doing business this way.

I would assume that in the future, your credit rating in your native country will be a bigger issue.

[broma25 2]

Also, if your spouse has good credit, then start linking your name to all of their accounts. It will quickly rub off on you and any reason for possible secondary UK checks should not be necessary. I would imagine in they are only checking the UK because there is no US credit history.

My cousin had a mortgage applicant with A+ credit sitting in front of him who'd only been in the USA for one year so he checked his credit in the UK and found that the guy had abandoned debt over there. He denied the loan. I guess the moral is...if you have bad credit in the UK, don't ask for a loan from my cousin.

So if this DOES happen to you, then just apply somewhere else. It sounds extremely rare that lenders are checking the UK at all. And I would assume you would have to give them full UK details (address, etc) as there is no other way to track applicants. You could withdraw your application at that time and apply somewhere else before the check is done.

Sure, you could; but my cousin lives in an immigrant-heavy city and he gets tired of them defaulting on loans so he is doing credit checks in an applicant's native country more and more often. He told me that immigrants are much much more likely to default on a loan than a native-born US citizen. He can't be the only loan officer doing business this way.

I would assume that in the future, your credit rating in your native country will be a bigger issue.

I cant wait for everyone to start doing credit checks in the native country, it would certainly help me. I have excellent credit in the UK and it would be great if it could be used to assess creditworthyness in the US. In the age of technology I fail to see why it is not done more frequently.

[homesick_american 1]

Also, if your spouse has good credit, then start linking your name to all of their accounts. It will quickly rub off on you and any reason for possible secondary UK checks should not be necessary. I would imagine in they are only checking the UK because there is no US credit history.

My cousin had a mortgage applicant with A+ credit sitting in front of him who'd only been in the USA for one year so he checked his credit in the UK and found that the guy had abandoned debt over there. He denied the loan. I guess the moral is...if you have bad credit in the UK, don't ask for a loan from my cousin.

So if this DOES happen to you, then just apply somewhere else. It sounds extremely rare that lenders are checking the UK at all. And I would assume you would have to give them full UK details (address, etc) as there is no other way to track applicants. You could withdraw your application at that time and apply somewhere else before the check is done.

Sure, you could; but my cousin lives in an immigrant-heavy city and he gets tired of them defaulting on loans so he is doing credit checks in an applicant's native country more and more often. He told me that immigrants are much much more likely to default on a loan than a native-born US citizen. He can't be the only loan officer doing business this way.

I would assume that in the future, your credit rating in your native country will be a bigger issue.

I cant wait for everyone to start doing credit checks in the native country, it would certainly help me. I have excellent credit in the UK and it would be great if it could be used to assess creditworthyness in the US. In the age of technology I fail to see why it is not done more frequently.

Me either! My credit in the UK is spotless; my credit in the US has suffered since I've been gone so long. It doesn't happen to every American who moves away but it happened to me. I know a few others it has happened to as well. It's definitely something to consider for Americans considering moving away temporarily.

[broma25 2]

Also, if your spouse has good credit, then start linking your name to all of their accounts. It will quickly rub off on you and any reason for possible secondary UK checks should not be necessary. I would imagine in they are only checking the UK because there is no US credit history.

My cousin had a mortgage applicant with A+ credit sitting in front of him who'd only been in the USA for one year so he checked his credit in the UK and found that the guy had abandoned debt over there. He denied the loan. I guess the moral is...if you have bad credit in the UK, don't ask for a loan from my cousin.

So if this DOES happen to you, then just apply somewhere else. It sounds extremely rare that lenders are checking the UK at all. And I would assume you would have to give them full UK details (address, etc) as there is no other way to track applicants. You could withdraw your application at that time and apply somewhere else before the check is done.

Sure, you could; but my cousin lives in an immigrant-heavy city and he gets tired of them defaulting on loans so he is doing credit checks in an applicant's native country more and more often. He told me that immigrants are much much more likely to default on a loan than a native-born US citizen. He can't be the only loan officer doing business this way.

I would assume that in the future, your credit rating in your native country will be a bigger issue.

I cant wait for everyone to start doing credit checks in the native country, it would certainly help me. I have excellent credit in the UK and it would be great if it could be used to assess creditworthyness in the US. In the age of technology I fail to see why it is not done more frequently.

Me either! My credit in the UK is spotless; my credit in the US has suffered since I've been gone so long. It doesn't happen to every American who moves away but it happened to me. I know a few others it has happened to as well. It's definitely something to consider for Americans considering moving away temporarily.

It seems whichever way you do it you cant win!!!! Perhaps its a warning for international marriages...lol

[no name 1]

Is the plan to walk away from them or are you paying them from the US??

I knew that question would be asked!

Meanwhile, a US credit check is based on the person's ss#. Anything not linked to that number would not, theoretically, factor in.

I think its a valid question, debt is debt no matter which country its from and as such I believe should be paid. I have debts in the UK myself but I am taking care of them from the US and yes its a struggle, but I believe its necessary as I may at some point go back to the UK and don't want my credit damaged.

Running away from your bills is damn irresponsible.

I wish more people did UK credit checks - hubby has amazing UK credit.

[chloe 1]

I agree, running away from UK debts IS irresponsible, but then accruing those debts in the first place, knowing full well

I couldnt REALLY afford the repayments was irresponsible.

At the time, as a single mum, it seemed the only way to be able to feed and house my daughter and I.

So then maybe continuing the pregnancy was irresponsible, knowing that I wasn't in a position to raise a child financially.

Hell, Im damn irresponsible, but wouldnt change a thing.

Hopefully, Ill be able to repay the vermin who target the financially disadvantaged, but Im not really going to lose any sleep over it.

x

[ChristinaM 0]

I agree, running away from UK debts IS irresponsible, but then accruing those debts in the first place, knowing full well

I couldnt REALLY afford the repayments was irresponsible.

At the time, as a single mum, it seemed the only way to be able to feed and house my daughter and I.

So then maybe continuing the pregnancy was irresponsible, knowing that I wasn't in a position to raise a child financially.

Hell, Im damn irresponsible, but wouldnt change a thing.

Hopefully, Ill be able to repay the vermin who target the financially disadvantaged, but Im not really going to lose any sleep over it.

x

[insert round of applause here]

[Lovetoteach 53]

I agree, running away from UK debts IS irresponsible, but then accruing those debts in the first place, knowing full well

I couldnt REALLY afford the repayments was irresponsible.

At the time, as a single mum, it seemed the only way to be able to feed and house my daughter and I.

So then maybe continuing the pregnancy was irresponsible, knowing that I wasn't in a position to raise a child financially.

Hell, Im damn irresponsible, but wouldnt change a thing.

Hopefully, Ill be able to repay the vermin who target the financially disadvantaged, but Im not really going to lose any sleep over it.

x

[insert round of applause here]

Ditto,

I was a single mum too, with no maintenace from ex. I worked bloody hard as a teacher to support my two boys and paid all my bills, loan installments etc . Now if I had been given that damn EAD a year and a half ago I would be still able to keep paying them off now. Well I'm paying 10 pounds here and there on debts (which my boyfriend gives me) and thats all I can do.

[broma25 2]

I agree, running away from UK debts IS irresponsible, but then accruing those debts in the first place, knowing full well

I couldnt REALLY afford the repayments was irresponsible.

At the time, as a single mum, it seemed the only way to be able to feed and house my daughter and I.

So then maybe continuing the pregnancy was irresponsible, knowing that I wasn't in a position to raise a child financially.

Hell, Im damn irresponsible, but wouldnt change a thing.

Hopefully, Ill be able to repay the vermin who target the financially disadvantaged, but Im not really going to lose any sleep over it.

x

[insert round of applause here]

Ditto,

I was a single mum too, with no maintenace from ex. I worked bloody hard as a teacher to support my two boys and paid all my bills, loan installments etc . Now if I had been given that damn EAD a year and a half ago I would be still able to keep paying them off now. Well I'm paying 10 pounds here and there on debts (which my boyfriend gives me) and thats all I can do.

At least you are making the effort!