Transferring Credit Score Overseas?....

Robc13

Does anyone know if if is possible to transfer your UK credit score to the USA?

sharpy2010

It isn't.

Sorry about that.

JakeGreen

Robc13 wrote: »

Does anyone know if if is possible to transfer your UK credit score to the USA?

Who do you have accounts with?

AMEX are very good at backdating your US credit file with the data on your UK credit file

guesswho2000

Robc13 wrote: »

Does anyone know if if is possible to transfer your UK credit score to the USA?

Only Amex will let you transfer a card abroad, https://www.americanexpress.com/global-card-transfers/?inav=gb_sitefooter_move and only to certain countries.

bigadaj

If this is your experian score then I can continue to supply you with a random meaningless number if you send me £13 per month, please let me know.

derfo

JakeGreen wrote: »

Who do you have accounts with?

AMEX are very good at backdating your US credit file with the data on your UK credit file

I am not sure if AMEX backdate the credit file in the new country. I moved to UK from US and AMEX started reporting my information to the credit agencies here once I got my UK AMEX card.

mrtoys

bigadaj wrote: »

If this is your experian score then I can continue to supply you with a random meaningless number if you send me £13 per month, please let me know.

What makes you think its meaningless?

[Deleted User]

You-kip wrote: »

Is this a joke?

I think it's a fair question. I don't mean you in particular, but these forums are full of people sprouting the same old, often incorrect, received knowledge.

The 'score' given by CRAs isn't meaningless. I am not, however, defending the fact that they charge so much for the privilege.

While it is true that different providers have their own criteria for their preferred customers, the score does give the layman, who may not have the time or inclination to read into the minefield of credit worthiness, a rough gauge of their own financial condition. Of course, the more financially-savvy individuals that frequent these forums will be able to make their own assessment without the figures but, as I said, they have their place. Every time someone mentions the term 'credit score' on the forums it's almost as if there is a race to be the first to call them down!

In answer to the OP, the advice given so far is good. Get an Amex if you don't have one already. This will allow you to use your, hopefully good, UK credit rating to get your foot in the door and they will then give you a US card when you move. While it's true they won't 'transfer' your UK rating to the states, it will at least set you off on the right road. You will already have an account with a prime lender rather than starting from scratch as a newcomer to the country.

Experian_company_representative

Only real way to do this is to print off your UK credit report before you go, take it with you and then offer it to US lenders while you get your new credit history established over there.

There's lots of misunderstanding about credit scoring on here. Experian builds scoring systems for lots of UK lenders. We've been doing this for 30 years and it's a major part of our business. These systems typically assess three sources of data, your credit report, your application data and existing internal data (if you've been a customer before). Scoring systems are fine tuned to take account of each lender's own policies and their own past customer behaviour. The scores you can get from Experian and the other agencies give you a window on part of this process: how your credit report is likely to be scored. It isn't definitive - it never can be - but it is a decent guide if you want to know how your credit report shapes up. It certainly isn't meaningless. Hope that helps.

James Jones

You-kip

Experian_company_representative wrote: »

Only real way to do this is to print off your UK credit report before you go, take it with you and then offer it to US lenders while you get your new credit history established over there.

There's lots of misunderstanding about credit scoring on here. Experian builds scoring systems for lots of UK lenders. We've been doing this for 30 years and it's a major part of our business. These systems typically assess three sources of data, your credit report, your application data and existing internal data (if you've been a customer before). Scoring systems are fine tuned to take account of each lender's own policies and their own past customer behaviour. The scores you can get from Experian and the other agencies give you a window on part of this process: how your credit report is likely to be scored. It isn't definitive - it never can be - but it is a decent guide if you want to know how your credit report shapes up. It certainly isn't meaningless. Hope that helps.

James Jones

But affordability is part of lenders scoring "dependant on salary like debt compared to income etc and Experian scores don't take in salary which in a sense does make them pretty meaningless yes/no?

You're great at setting out answers James jones but you never answer them when questioned.

gb12345

You-kip wrote: »

But affordability is part of lenders scoring "dependant on salary like debt compared to income etc and Experian scores don't take in salary which in a sense does make them pretty meaningless yes/no?

Exactly.

I could have a perfect 900+ score on Experian because I have never defaulted, pay off my CC every month, on electoral roll etc etc.

So I think to myself I've got a great credit score I'm guaranteed a loan for some shiney stuff. Apply and get turned down - why, because I'm applying for a £15k loan and only earn £20k so never stood a chance.