Transferring of credit profile to a new country - All Countries

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Credit reporting agencies such as Equifax, TransUnion, Northern Credit Bureaus and Equifax, and others only collect information from creditors about consumers’ financial experiences in a particular country and is separate from other countries credit reporting agencies and vice versa. Despite this, financial institutions may be willing to recognize your earlier credit history outside of a country if you ask them to do so. This may involve, for example, requesting a copy of your credit report from the credit-reporting agency in the other country and sitting down with a branch officer to discuss your credit or loan application.


Please note that the above may not apply to the countries in the European Union. These countries include Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom. Credit profiles may transfer to member countries inside of the European Union, but may not transfer in or out of the European Union.

There are many reasons why credit reports do not transfer from one country to the next. The main reason behind this is because of differences in national laws. Every country, and the European Union, has its own laws governing credit reporting and information use. In addition to legal barriers, there are significant contractual complications around how businesses in other countries would access reports, report and update information and respond to consumer disputes. There also are a number of technical issues around how information is collected, stored and shared that further complicates transferring your credit report.

In conclusion, credit reports and profiles do not transfer from one country to the next. When moving to a new country, you will have to start from a no credit profile, therefore you may have to apply for a secured credit card to build a credit score.

You may want to also read Debts From Foreign Countries.

Although all information has been written in good faith and reviewed, please email us at help@consumerbadcreditguide.com to report any inaccuracies.