Like many immigrants, I had no idea how important US credit history was. However, I quickly came to find out it was a common barrier to many of us. The lack of credit history can interfere with our abilities to get approved for a credit card, applying for a mortgage, or even engage in other financial transactions. Immigrants are familiar with using cash for everything but when you come to the US and you want to get a car, a mortgage, or even renting a house we quickly find out the importance of credit history. Building your credit history can make all of these things easier and even earn you rewards from credit cards. In this episode, I’ll be explaining how your US credit score works, where you can start, and strategies you can implement to improve your score.
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