Saturday, January 28, 2012

Your Credit Score

Unfortunately that credit score doesn't mean anything here. Someone asked me if their credit standing in the states affects their ability to rent here. Answer: No it doesn't.

Enjoy your new start. Most people that buy a home here pay cash. Those that don't have to get foreign loans and from what I might imagine, the underwriting standards are doubled up and the interest rates are higher.

In summary, your credit in the states can't be pulled from down here from what I understand. You have to understand that the Mexican system is about 20 years behind in some technological areas. This is one of them.


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