Does your credit follow you across the border?
If you are considering moving from Canada to the U.S. there are a couple of common questions:
- Will the bankruptcy make my move harder?
- Will it limit my ability to leave the country?
- Will it affect my visa or make it harder to get credit in the U.S?
Just as a positive credit rating would not be taken into consideration when moving across the border, neither will a negative one or the filing of a bankruptcy. However, during bankruptcy you are not allowed to have any credit cards and all existing credit cards must be turned over to your trustee. You will also find that it can be more difficult to obtain a credit card after bankruptcy. Now whether you will find the same level of difficulty getting credit in your new country is hard to say, the key thing that you must keep in mind is that Equifax is a multi-national corporation and serve both the US and Canada, which suggests they can very easily access information pertaining to either side of the border. In any case you should ask your local
bankruptcy expert if you are not sure.
