Is my credit score the same in other countries?

Is credit the same in all countries?

Ugh, credit scores. So annoying. Mine’s okay, I guess, 720-something. But what happens if I move to Spain next year? Do I start from scratch? Seriously? All that work for nothing? That’s total BS.

Building a new credit history. It’s a pain. It’ll take forever. Friends in Canada said the same thing. They had to build up a whole new thing, even though their score back home was great. Makes no sense.

• Country-specific credit systems: They’re totally different. Think about it, different laws, different lending practices. Obviously, a US score means zilch in Brazil.

• No global credit score: There isn’t one. Wish there was, tho. Easier, right? Makes international moving much more difficult.

I need to research this more before my trip! Spain’s credit system, here I come! Research time! Gonna need a new spreadsheet. My current one is a mess. Wait, did I already add that expense to my budget?

My travel plans are so exciting but… the credit thing, man, it’s a huge headache. I’m already stressing about visas! And finding an apartment. Another thing, credit cards, what about the international fees? Ugh. 2024 is going to be stressful. I’m hoping for a chill year. But this credit card thing—it’s making me anxious. Seriously, why is this so complicated?

Does credit score go to other countries?

Nope, your credit score is as local as your favorite bakery. Think of it like a regional dialect – perfectly understood in one place, gibberish in another. Moving abroad? Prepare for a credit score reboot. Your stellar US score won’t impress German lenders any more than my sourdough starter would impress a Parisian patissier. It’s a fresh start, baby!

• Country-Specific: Credit scores are localized; they don’t roam like digital nomads.
• New Beginnings: Relocating means building a new credit history from scratch. Sucks, I know.
• No Global Credit Union: Unfortunately, there’s no international credit score exchange program. Yet.

My friend moved from California to Argentina in 2023 and had to start over. He told me it was like starting a whole new life, which, let’s face it, it kind of is. Credit scores are very country specific. It’s a pain, but hey, at least you get to learn a new system and impress everyone with your awesome credit-building skills in your new home. It’s the ultimate challenge. Plus, new credit cards. Shiny, new credit cards!

Does your credit reset when you move to another country?

Okay, credit… moving… hmm.

Credit score doesn’t just follow you, lol. Like a lost puppy.

• New country = new credit file?
• Starting from scratch, kinda sucks.

But my debt… those student loans… they’re still there. Ugh. Debts follow, even if credit score doesnt. So unfair!

Oh! Remember that time in Berlin, ’23? Tried opening a bank account… the paperwork! A nightmare. New rules, new everything.

• Income matters EVERYWHERE.
• Just like my mom always said.

Each country has different ways of judging you. It’s not one-size-fits-all. Wish it was. Imagine one global credit score! Nah, too scary.

• Financial history still counts.
• Just gotta rebuild. sigh.

Financial info isnt shared across borders. Good? Bad? I don’t know anymore.

It’s like a clean slate, with baggage. Perfect way to describe it actually.

Are credit scores different between countries?

Scores? Local. Start over. Germany? Forget US scores. Obvious.

• Credit scores are national. It’s all you need to know.

• Moving? New country, new credit. Build it up. It can take years.

• US scores mean zilch in Berlin. “Duh,” right?

• Think of it like stamps. My Star Wars stamps are useless in Paris. It’s a metaphor.

• The systems differ, vastly. Data sharing? A bureaucratic nightmare.

• Each country has its own agencies, algorithms, and cultural norms.

• My aunt tried to use her Australian credit rating in Spain. Hilarious.

• Think global, act local. Credit-wise, anyway.

  • US: FICO, VantageScore.
  • Germany: Schufa.
  • UK: Experian, Equifax, TransUnion.