Will my bad credit follow me from USA to Canada?

I have bad credit now, but I am thinking of moving to Canada. Will my credit still be bad there. Or will I be starting over fresh. Will I use the same social security number. How will this work?

6 years ago - 4 answers

Best Answer

Chosen by Asker

It's possible if the credit bureaus investigate hard enough - see below:

"In Canada, the three major credit bureaus are Equifax Canada, TransUnion Canada and Northern Credit Bureaus, Inc.. In several scenarios, people have found that the United States TransUnion and the Canada TransUnion share the same data in their systems. In result, there may be a possibility of a Canadian financial institution pulling your U.S credit history. This could be good for people with positive credit and bad for those with not so good credit. Equifax may do the same and share their data between countries. We have found that Experian has no effect in foreign credit because it only conducts reports on U.S residents. The same applies for Northern Credit Bureaus and its Canadian residents"


6 years ago

Other Answers

Sort of. The same credit reporting agencies that operate in the US (Equifax, Trans Union, Experian), operate overthere as well.

You will probably be able to build a brand new credit file over in Canada, however. This is because you will probably be given a Canadian equivalent of a US Social Security number. New SSN usually means a new credit file.

However, banks in Canada often ask US expats for their US SSNs so that they can pull your US file. In this sense, yes, your bad credit may follow you.

I would suggest just trying to build a new credit file up there, and do not give any creditor in Canada your US SSN.

by John Bradley - 6 years ago

yes, your credit is you!!!! it stays with you till you fix it. its on your S.S. #

by JENN - 6 years ago

Depends on if they use the same credit reporting agencies or not.

by Ryan M - 6 years ago