Build US credit is a challenge facing thousands of Australians every year who obtain work visas. One of the main challenges facing these Australian expats is how to access U.S. credit without a U.S. 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 U.S. experience the frustration of how to build U.S. credit, with a zero credit history!
How to Build US Credit:
The Australian Community recognized this challenge and in 2012 introduced a program where Australians arriving in the U.S. can open bank accounts and obtain a U.S. 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 already have a visa/Green Card, they can open a local account with HSBC and then receive a U.S. credit card to use, and build US credit, before they arrive in the United States.
This is a unique program to access a U.S. credit card and start building a U.S. 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.
About The Australian Community
The Australian Community is a 501(c)(3) Public Charity. Its Mission is to connect Australian living in the United States through social, professional and charitable initiatives.
Make a Tax-Deductible Donation
Our organization relies of the generosity of its members and supporters to continue our good work, assisting Australians living in the United States. Please consider joining our organization, or making a tax deductible donation to our 501(c)(3) public charity.
All contributions are fully tax deductible under Section 170 of the IRS Code. The Australian Community is also qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the Code.