If you're moving to the UK you’ll need a credit history to get things like phone contracts, credit cards, and loans. But if you’re new to the UK, you won’t have a history of borrowing in this country. So how does that work? Does your history of credit travel with you and how can you build it up? Read on for Loqbox’s tips and advice about credit scores for immigrants in the UK.
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You’re here because you’ve made the decision to move back home to the UK after living abroad for a period of time, or you’re thinking about it. Last time we looked at the things that may affect you unexpectedly when moving back to the UK. In that article we explored some of the challenges you may face on the journey from expat to repat. That post was about understanding some of the unexpected situations you might come up against when moving — because after all being forewarned is being forearmed.
With everything going on in the world at the moment, understandably global citizens living abroad are considering whether it’s time to move back home to the UK. Two forces in particular are converging simultaneously to prompt British expats to think about making the move home. The first is Covid-19, and the second? Brexit.
Figures show that over a third of British expats plan to return to the UK. If you’re one of them, follow these six simple steps to fix your finances after life overseas – from the experts at Loqbox.
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