I am moving from England to Canada on a 1 year working visa, but will return to this country afterwards. If i run up a large credit card bill whilst in Canada and do not pay it, how will this affect my credit rating back home?
2007-03-20 00:30:05 · 3 answers · asked by owen_yeo 2 in Business & Finance ➔ Credit
Yep. Talking about taking out new cards in Canada, maxing them out then making run for it back to England, never to return! Alternatively withdraw the cash, then make a deal to pay back part of the debt if they write it off.
2007-03-20 00:43:24 · update #1
Most credit card companies tend to be international in nature or at least have contacts with credit agencies in other countries. Before they will issue you a credit card they will want some background on where you came from etc. If you get a credit card in Canada and don't pay it, the credit rating will follow you right back home, in fact it will be in the credit bureaus files before you get back home.
2007-03-27 17:48:31 · answer #1 · answered by don n 6 · 0⤊ 0⤋
I had a friend who is Canadian, filed bankruptcy there, moved down here after marrying her american husband and now her credit is clean here, not in Canada. So do you mean something like that or like going on vacation and running up your american cards?
2007-03-20 00:39:50 · answer #2 · answered by brandyswilkes 3 · 0⤊ 0⤋
yes. I knew someone who went on a trip to England and maxed out one of his parent's credit cards. It DID negatively affect their credit.
2007-03-20 00:33:24 · answer #3 · answered by leahcutie 4 · 0⤊ 0⤋