But as an American expat, there’s one piece of your old life you shouldn’t forget about: your credit reports. Think Twice Before Closing Your U.S. Financial AccountsFirst, a quick refresher on credit: When you want to borrow money from lenders like banks or credit card companies, they’ll look at your credit reports to check your borrowing history. Pick—and Use—the Right Credit CardIf it’s a good idea to keep certain credit accounts open, which should you choose? But it will also be crucial to regularly check your U.S. credit reports and credit scores. Your U.S. data won’t follow you, and likewise, any credit history you build abroad won’t apply to your U.S. credit reports.

Source: Forbes November 12, 2020 20:03 UTC