In 2014 I have contingent plans to take dual citizenship overseas. My bank does not permit its MasterCard and Visa to be renewed outside USA. If I close the accounts it would impair my credit rating. Any workaround on this?
Found on web: To close card accounts without impacting one's credit score, you need to have zero balances on your credit report for all of your active credit cards
Please ignore: Immigration lawyers ignorant on finance
Yes I can sell property to create a zero balance but my bank will not renew the cards outside of the USA. But if I close all my cards I will have no credit, for example, JustAnswer. I could close the MasterCard and Visa but if I keep American Express would that impair my credit score? Is closing ALL cards with a zero balance an absolute necessary? Should there not be a medium?
I do not know if I am not a USA resident if the account will remain open. For example, American Express Serve accounts is only for USA residents but it is a debit card which is easy to get.
Please open a window so that I can rate you. I value your service.
Thank you! Your effort is appreciated. I have a 5.5 room apartment. I will either paint in 2014 or sell and live permanently overseas.
The ratio is more important than how much available credit you have.
From a lender's standpoint, "a low balance-to-limit ratio" is a strong indicator of good credit risk".
To offset the closure of one account, for example, you can request a credit limit boost on another card in order to maintain the ratio.
If I sell my cooperative apartment in 2014 I should be able to pay off the installment accounts. I have no mortgage or loan accounts so my FICO is lower.
What about American Express? I believe that they do business where I will be. Is it necessary to c.lose American Express too?
Philippines. I have a potential female relationship. I have been told by everyone that all the women there are scam. But my girlfriend was explicit in what she wanted, that is, air conditioning, refridgerator (Isic) and washing machine /dryer which we take for granted here. We communicate by webcam and chat. She is now happy as working as a waitress. . I plan to visit in July 2013 for her birthday and make a determination if her interest in me is genuine. I have told her that my pension is not transferable but I do not know about social security. PLEASE ADVISE!
Compared to the USA economy Philippines prices are lower. My combined income is over $3,000 monthly and I believe bank deposits in Philippines are insured for the equivalent of $2,500. My girlfriend keeps saying "too much."
We hope to open a grocery store there. In USA Immigration wants an affidavit of support so that an immigrant will not be homeless here. So for more than one reason I like to make a change/
I wonder if my social security can be transferred to her.
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