This is another funny thing that's different in the US compared to EU, your credit ratings are done backwards.
Here, if you have never had a loan or credit card, never missed a bill payment, have a steady income, then your credit history is perfect. If you want a loan or a credit card, you'll get one instantly.
I have a home mortgage, a student loan, and a credit card I rarely use, and my credit rating is slightly worse than someone who has the same income as me, but no loans or mortgages. But in the US, it would be the exact opposite, I would be the one with a great credit rating, and the other guy would have problems getting a credit card.
So weird. :-)
I might be working in the US in the future, and I'm really dreading having to deal with US banks. I will definitely look into getting an account with a credit union instead.
Here, if you have never had a loan or credit card, never missed a bill payment, have a steady income, then your credit history is perfect. If you want a loan or a credit card, you'll get one instantly.
I have a home mortgage, a student loan, and a credit card I rarely use, and my credit rating is slightly worse than someone who has the same income as me, but no loans or mortgages. But in the US, it would be the exact opposite, I would be the one with a great credit rating, and the other guy would have problems getting a credit card.
So weird. :-)
I might be working in the US in the future, and I'm really dreading having to deal with US banks. I will definitely look into getting an account with a credit union instead.