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US Information on Canada Credit Score

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Q. I currently live in the US and will be moving to Canada very soon I have a well established credit record in the US and I wonder if that information can be use to build a a Credit Score in Canada It would dbe great if the US and Canada systems can exchange information so I do not have to go through the same issues I did go through in the US when I first a landed in the US 5 years ago Who can help me ?

A. While it is technically possible for a Canadian creditor to check your US credit, the received wisdom is that they generally do NOT do so, and that you are starting from scratch with no credit (good or bad) in Canada. Whether you might be able to convince a creditor to do so, or whether they would accept a recent hard copy of your credit report, can have no definite answer. Can't hurt to try

 


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