Posted by: jonathanwarren | March 3, 2011

US Credit for Foreign Nationals

Non-US citizens often are frustrated by the US credit system.  The need for a social security number in order have a credit profile, and a substantial track record reflected in the profile once you have it, prevent most from obtaining any kind of ability to borrow.

The lack of a credit score also leads to higher deposits for rental property, utilities and more.  It often impedes employment opportunities and insurability. 

New solutions are evolving which allow for green card holders as well as those who have no green card to establish a credit record in the United States.  The most substantial of these is to co-sign for a CD-secured line of credit.

Key features of a well-designed, co-signed CD line:

  • No citizenship required
  • No green card required
  • No security deposit required
  • No visa required
  • No Social Security Number required
  • No credit required
  • $25,000 to $5,000,000

  Enroll Now       FAQ       Contact

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