Ubahsur Kindellaer
Aes Sedai
You can view the page at http://www.tarvalon.net/content.php?975-It-s-official
Article: It's official
- Thread starter Ubahsur Kindellaer
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- Seraphim#1666
That's great!!
So far I just have documentation that says I've never committed a crime. Gotta start somewhere, right?
So far I just have documentation that says I've never committed a crime. Gotta start somewhere, right?
Ubahsur Kindellaer
Aes Sedai
- Thread starter
- #3
Yup, you have to start somewhere. 
I know you are in a particular situation (having moved from another country as well as young kid(s)) but one some things that helped my husband build his credit history (he had none up til 4 years ago) was putting a cell phone bill in his name and some utilities. Having his name on the mortgage (even though it was based entirely off of my salary) helped too. It meant some increased interest on things like car loans in the short term, but it helped him in the longer term.
I know you are in a particular situation (having moved from another country as well as young kid(s)) but one some things that helped my husband build his credit history (he had none up til 4 years ago) was putting a cell phone bill in his name and some utilities. Having his name on the mortgage (even though it was based entirely off of my salary) helped too. It meant some increased interest on things like car loans in the short term, but it helped him in the longer term.
Mhor Blathnaid
Aes Sedai
It works very differently in Australia. You can only get a negative credit history. ie it gets noted when you default; pay a default; go bankrupt; have a summons or a judgement (ie a summons to go to court over debt or a judgement by a Judge over unpaid debt). It stays on your credit file for 5 years (bankruptcy stays on the bankruptcy file for life but comes off your credit file after 5 years).
I think they are trying to make it more like the US version but it will take years to change it.
The only way someone who doesn't have a negative credit file will be affected is if they have never had credit before - creditors are less likely to lend first... Disclaimer - that isn't meant to read that would be the only thing that would decline them - 99 thousand other reasons may decline them
I think they are trying to make it more like the US version but it will take years to change it.
The only way someone who doesn't have a negative credit file will be affected is if they have never had credit before - creditors are less likely to lend first... Disclaimer - that isn't meant to read that would be the only thing that would decline them - 99 thousand other reasons may decline them
Ubahsur Kindellaer
Aes Sedai
- Thread starter
- #5
Wow, that is really interesting and informative! Thanks Mhor! 
I love hearing about how things are done differently in other places. 
I love hearing about how things are done differently in other places.
- Joined
- Aug 27, 2007
- Messages
- 18,504
- Age
- 41
- Location
- Oregon, USofA
- Pronouns
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- She - Her
- Discord
- Seraphim#1666
Yes, JD still needs to put me on a bill somewhere so I can build US credit. It just hasn't been done yet which is something to bother him about at some point this year. 
Ajailyn Morrivinna
Aes Sedai
- Moderator
- #7
Mm Arie not only put you on a bill (as in california utilities can only be in one or the others name) but you need your own bill. A shared credit card, like me being on my husbands American Express only gives him teh credit rating.. not me..
Mhor Blathnaid
Aes Sedai
Ajailyn - is that because you are only a supplementary card holder instead of a joint card holder (ie you are not liable for any of the debt)?
Sorry I work in Consumer Finance and am always curious how other countries do it
Sorry I work in Consumer Finance and am always curious how other countries do it