
Does credit ratings transfer across the European Union?
I have a good credit rating in Germany and will this transfer to the UK when I apply for a mortgage there?
Public Comments
- Credit reporting agencies such as Equifax, TransUnion, Northern Credit Bureaus and Equifax, and others only collect information from creditors about consumers’ financial experiences in a particular country and is separate from other countries credit reporting agencies and vice versa. Despite this, financial institutions may be willing to recognize your earlier credit history outside of a country if you ask them to do so. This may involve, for example, requesting a copy of your credit report from the credit-reporting agency in the other country and sitting down with a branch officer to discuss your credit or loan application.
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