Do other countries have credit scores? Via ForbesAdvisor
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations.Experian can help raise your FICO® Score based on bill payment like your phone, utilities and popular streaming services. Results may vary. See site for more details.Understanding how your credit score works in the U.S. can be a challenge in its own right.
Then, a credit scoring company like FICO takes that data and generates a numerical score. When you apply for credit or accounts in the future, your potential lender checks the information on file with the credit bureaus and your credit score to make a decision about whether to lend to you or not.Each country in the world has its own way to assess creditworthiness.
The same holds true for your credit score from any other country—it’s only applicable within that country itself. Data laws prohibit financial institutions from sharing your information across borders. Thus, it’s possible to have credit scores in many countries simultaneously if you live a travel lifestyle. But you’ll need toIf you’re interested in establishing credit in a particular country, the only way to know how it works is through in-depth research.
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