If you’re moving to the United States and you’ve begun shopping for housing, vehicles, or even tried buying a cell phone, you may have heard the term “credit score”. A credit score is a number calculated based off your history with lenders that determines your credit-worthiness. Basically, your credit score tells lenders whether to loan you money, what your interest rate should be, and how much to charge you for a down payment.
If you’ve begun shopping for major items in the United States, you also may have heard that as an Expatriate, you enter the United States with a credit score of 0 – just for perspective, a bad credit score is considered 300 and below – ouch!
Read More