Migrating to Australia from USA - How does my credit record affect my application?

Question

I am moving out of the USA and will immigrate to Australia. The economy in the USA is just so terrible.

I lodged my application back in Feb '08 and am just waiting for the results.

Can someone advise how my credit record / score in the USA can affect my application?

Im leaving behind 2 properties which will be foreclosed/abandoned. I lost the $200k equity that I already put in because the home values dropped by 50% already. I have no energy to even try and do a short-sale (no buyers anyway) or even to re-finance (cant afford it and dont want it anymore).

My credit record will now show delinquent mortgage payments for the last 3 or 4 months & home loan balances of about $250k.

Will Aussie migration officers pull out my credit record and take this against me?

Half of the middle class & maybe most of the lower class families in the USA are having mortgage problems anyway, with many just walking away from their homes.

Any comments will be appreciated.

Answer 1

i hope they wont make it as a issue for your visa processing.be confident and wait until it sucess.