establishing a credit score?

Question

i am german married to an american. my husband moved from the states decades ago and was working always overseas. When he retieres we want to settle down in the usa and buy a house. we will have enough money on us, but we don't have any credit score in the us. is there any way to establish a credit score in the states while we live somewhere else?

no bank gives you a loan when your are leaving the country for good. we live in the middle east right now.

any bank where it possible to open up an account online?

Answer 1

For you :

Get a social security number if you do not have one already. Then get a credit card. Get a secured credit card if you cannot get a regular card. This will help you build a credit history.

For your american husband - Ask him to get a US credit card (if you do not have one already). If you have an American Express Card overseas, you will be given one US card for every overseas card you have. Use your card occasionally to build a credit history.

Answer 2

I would suggest getting an American credit card. Since you don't have any credit yet, you will probably have to go the secured credit card route. Open the account, make a small purchase every once in awhile, and pay the bill the same day you bought the item (to account for the mail delay) or pay online on-time. If you do that then you will have two things going for you. You have an account in good standing and your average credit age will be longer than most if you keep the card open until you at least retire and come back to the states.

Answer 3

Good ways to boost your credit score include buying things with an American credit card and paying it back on time, or borrowing money from American banks. If you have a good credit score in Germany, you could get a loan there and convert it to USD to build your house, etc.

Answer 4

Just put up your own money to get a loan. Then just make double payments on the loan. But if you default on the loan, the bank just takes your collateral and pays off the loan. This will also show on your credit report as a loss for 7 years. I would put the money from the loan and have it taken out automatically, that way you can't forget.