According to the latest US Department of Homeland Security statistics, 3,239 Australians obtained legal permanent residency in 2016, and another 5,609 obtained E-3 visas.
One of the main challenges facing these and thousands of Australian expats every year is how to access US credit without a US Credit Score.
The simple reality is that no credit score is almost the same as a bad credit score! Thousands of Australians who arrive in the US experience the frustration of a zero credit history.
The Australian Community recognized this challenge and in 2012 introduced a program where Australians arriving in the US can open bank accounts and obtain a US credit card through HSBC’s Premier and Advance expat platforms, even if they were not existing customers and without a Social Security Number.
For members in Australia who are on the way, they can open a local account with HSBC and then receive a US credit card to use, and build a credit history, before they arrive in the US.
This is a unique program to access a US credit card and start building a US credit score.
Under this program our members can also access US Home Loans even if they do not have the 2 year work or credit history or a Social Security Number!.
- HSBC may finance up to 75% for a primary home, cash out up to 70%
- HSBC may finance up to 70%, as a second home, condo, co-op, one family etc, cash out up to 65%
- HSBC may finance up to 60% on an investment property
For those members who have not yet left Australia, you can obtain a US credit card before you arrive in the US and thereby build a US credit score through your daily purchases in Australia!
These programs are being managed by our HSBC Relationship Managers in New York. You can use the form below to have a Senior Relationship Manager or Mortgage Consultant contact you with all of the details.
Assisting our members overcome the challenges of living in the US is core our Mission. Providing a way for our members to not only access credit in the US, but to build a US credit score whilst still in Australia makes perfect sense, and is an added value to joining our organization.
Please complete the form below to be contacted by a HSBC representative to discuss your credit needs to see if you qualify.