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05-10-2007 05:22 AM
05-10-2007 05:55 AM
05-10-2007 07:42 AM
05-10-2007 10:51 AM
lilacdragon81 wrote:Well... obviously... yes. They have nothing to apply your credit reporting to if you don't have a social security number. And that's the part we're working on with immigration. The point of the question is... what do we do once we have a social security number to establish credit? Some places say to take out high interest loans & credit cards. Others say not to. I'm looking for somebody who knows what they're talking about to actually tell me what the best plan of action is.
05-10-2007 11:07 AM
05-10-2007 11:11 AM
05-10-2007 11:42 AM
I'll be bringing over my fiance from Kenya later in the year (I hope) and that's the tactic I plan on using for her. I'll add her as an AU to my BofA account (which is unblemished). This will at least put her on the scoreboard credit-wise. Then I'll get her an account at BofA and have her get a 99/500 secured card.
Since she will have no baddies on her CR, I anticipate her FICO will increase rather quickly well into the 600s, and then I'll help her get a couple more cards.