I have a perfect credit score in the UK, although I have heard that this credit history will not carry over to the US. As we’re looking to buy a home, this is important.

Curious about what low cost methods there are for me to get a head start on this? I’d prefer not to take a loan out in the US and pay interest for the sake of interest, but I’m curious if there are any credit cards I can use as a non-resident.

  • GingerBuffalo@alien.topBEnglish
    1·
    1 year ago

    Oh how weird, I’m from the US and moved to the UK two months ago and have been wondering the reverse question: have a great US credit score, how can I build my UK credit score up now too?

  • someguy984@alien.topBEnglish
    1·
    1 year ago

    I read American Express has US and UK versions and can be helpful in getting a credit history.

  • Comprehensive_Two388@alien.topBEnglish
    1·
    1 year ago

    1. If you have an AmEx in the UK they’ll open a US account for you after you move based on your existing relationship and new US income, but only after you move

    2. Initially you’ll have zero credit and no one will touch you, but you’ll be able to get a secured credit card with a couple hundred dollar limit

    3. Put groceries/coffee on each card, wait for the statement then pay it off in full

    Give it a year and you’ll have a credit score that’s enough for a mortgage

    FYI - Some banks will write a mortgage based on your overseas credit score for someone in this situation but the fees/rates will be very high compared to a domestic bank.