build credit historyIn the U.S., your creditworthiness, meaning how likely you are to pay your debts, is represented by a number – that is your credit score. It starts building only as soon as you enter the country, disregarding any financial history you may have abroad. When you apply for a loan, a mortgage or a credit card, prospective lenders, such as banks, will use this number to assess the risk in extending you credit. The higher the number – the better. Your credit score plays a crucial role in determining whether or not you’ll be eligible for a loan, and at what interest rate.

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