Credit report procedures ?

Question

What happens to credit reports for people who return overseas ?

For three and a half decades Stateside, I made sure to keep my credit rating and record in the best possible shape, by paying all bills on time, and periodically checking the same credit report, even I hadn't used any credit to ward off fraud.

I then retired to my spouse's birth country in Asia due to low-cost and numerous family. To my surprise, a MAJOR Card Company with whom I had an account since mid-1970s, actually sent me a new card, even though I would not qualify for one because of the
relocation (I then send payment to Florida). I assume my credit score, and record continues.

Is my supposition correct ?

Anyone ?

10q, Gem, you're a jewel ;D

Actually I never canceled the "MAJOR". I continued charging and mailing checks (registered mail). When it expired, they FEDX'd a new one valid five years.

I was -and am- happy about the implied trust.

Answer 1

Your account with the credit card issuer does not expire, only the card itself does. As long as the account in not delinquent and you don't close the account, a new card is always issued before the old one expires. Reporting to the credit bureaus and all other terms would not change simply because you relocate. I'm not sure your relocation would disqualify you for a new card, but that doesn't really matter.

Answer 2

I don't believe the credit reporting ever "stopped", your report would just reflect no recent activity.

If you were gone more than 10 years, you may have a problem because that is the extent of reporting, which would essentially make you a credit risk due to having no credit.

But, if one of your credit companies still think you are a good enough risk to send you a new card, that should be on your report.

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