Monday, October 26, 2009

News :A Fresh Start Overseas?


Sometimes, when things look bad in your location, you seriously consider moving one. "Change your place, change your luck" as the old Yiddish saying goes.

If you have had credit problems and live in the United States, do those problems follow you when you move abroad? It probably depends on which country becomes your new home. I've been looking into moving to New Zealand. Your bad credit doesn't follow you there, but when you start off, you have "no credit". I guess no credit could be better than bad credit!!

Banks are very eager to lend money for mortgages there. No hassles, no hearing "NO". Bankers in New Zealand, for the most part, are anxious to help you and take making their customers happy seriously- diametrically opposed to the US banker who could care less about you unless you happen to be a multi-millionaire. Bank fees are higher than we a! re used to paying, though- $3 per check is the usual charge for check-writing.

One thing to watch out for: in New Zealand, credit card rates are very high.
Usuariously high, to be exact, with 29% being the norm.

I'll have to research what other countries do about credit for new immigrants wanting to set up residence there. If anyone knows about situations in other countries, please feel free to comment.
Thanks To :
annual free credit report program, ra! tes loan, celebri ties model stars,