Do I need "credit" in Canada?

Question

will my credit report follow me if i was to move to canada from the u.s.?

or do I start all over?

Answer 1

everything will follow u cant hide a thing ... not bagdad is canada

Answer 2

Yes, it will follow you, just as you may be required to undergo a criminal record check, and you will need to apply for a Social Insurance Number. Without that, you are not allowed to work here.

Answer 3

Moving to Canada does not escape bad credit ..lol

american bureas can pull canadian and via versa

Answer 4

I wondered that too when I was younger. I'm a dual citizen. When you work for a company, apply for a credit card, loan, or mortgage, you're almost always asked for your social insurance number (in the United States, it is your Social Security Number).

That number is directly connected to your credit report and any loans, credit cards, mortgages, and bank accounts that you own, have owned, have paid off, have in arrears, etc.

Last summer when I worked in the United States (for the first time ever, I've been in Canada since I was a child, but born in the U.S.), I gave them my name and Social Security Number when I applied for a bank account. To my surprise (since I had never used my SSN for anything before) they pulled up all of my credit history and approved me for credit use in the States based on my Canadian History.

Your credit follows you everywhere. I suggest you take very good care of it and make at least the minimum payments on things. Even bank accounts need a certain level of credit before you can get one (unless it's just a Savings account).

Anyway, the point I'm trying to make is, yes, your credit will stalk you. Creepy. I wish I could just run away from my student loans, overdue cell phone bills and car payments...but I can't, not even with dual citizenship.