Credit reporting Puerto Rico vs the mainland

Member since 05 August 2015

purplesugarContributor08 June 2016 19:14:22

100

Hi all - I can't seem to find a definite answer. Are the credit histories/reports/scores different in Puerto Rico? Like if I apply for a loan, etc in Puerto Rico, do they look at my credit report in the states like through Experian, Equifax, Transunion? Or is moving to PR like starting over in terms of credit?

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adlin20 ViP

Member since 08 July 2015

adlin20ViP08 June 2016 20:43:11

1057

Nope! You credit score is the same. Actually, in the island the banks will look in more details to give you a loan. We just purchased a vehicle and end up financing the car with USAA since it was less hassle than the local bank.

purplesugar Contributor

Member since 05 August 2015

purplesugarContributor08 June 2016 21:05:45

100

Awesome that is good news. Thanks.

mwilliams72222 Member

Member since 31 March 2021

mwilliams72222Member31 March 2021 11:24:06

Are the credit agents in u.s. credit history the same as Puerto Rico

mwilliams72222 Member

Member since 31 March 2021

mwilliams72222Member31 March 2021 11:25:03

Is your credit history the same in the United States is the same in Puerto Rico

juliana.boston New member

Member since 30 September 2020

juliana.bostonNew member31 March 2021 13:04:59

hey there, that question was already answered on this thread. scroll above and see the reply.

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Hernandez Perez Realty Active member

Member since 05 April 2021

Hernandez Perez RealtyActive member05 April 2021 12:30:49

Yes credit reporting agencies are exactly the same as the main land U.S.A. There are only 3 big local banks and the Popular, First Bank and Oriental my recommendation Stay the hell away from Popular don't even look that way 😉 First Bank and Oriental are fine. Also there are many local credit unions about 70 or more (Cooperativas de Ahorro) they each have great deals on loans. The most important thing about moving to Puerto Rico don't put all your $$$ in just one institution. When hurricane Maria disaster happened the only institutions that were letting people have full access to the money in their account was First Bank and the local Cooperativas all others restricted the withdraws to just $100 daily.