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?
Credit reporting Puerto Rico vs the mainland
purplesugar
08 June 2016 21:14:22
100
adlin20
08 June 2016 22:43:11
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
08 June 2016 23:05:45
100
Awesome that is good news. Thanks.
mwilliams72222
31 March 2021 13:24:06
2
Are the credit agents in u.s. credit history the same as Puerto Rico
mwilliams72222
31 March 2021 13:25:03
2
Is your credit history the same in the United States is the same in Puerto Rico
juliana.boston
31 March 2021 15:04:59
7
hey there, that question was already answered on this thread. scroll above and see the reply.
Hernandez Perez Realty
05 April 2021 14:30:49
57
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.
Subscribe to this topic
Articles to help you in your expat project in Puerto Rico
Renting in Puerto Rico
Visiting the island many times over the years and getting to know the towns and different areas before making a ...
Paying Taxes in Puerto Rico
Paying Taxes in Puerto Rico
5 misconceptions about Puerto Rico
Playa del Condado, Puerto Rico
Purchasing property in Puerto Rico
Six yeas ago we purchased our home in Naguabo Puerto Rico (PR) in the barrio of El Duce. Some of the lessons we ...
A land of opportunity and freedom.
The day we decided to move we were a little worry about how expensive it would be. Now we know how affordable it ...
About Work VISA
I am writing this guide to assist people understand how a work VISA is done.
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"