Follow Us: Google+
 
Bankrate.com

smart spending

7 money moves for living abroad

Retirement » 7 Money Moves For Living Abroad

Maintain a good credit score
Maintain a good credit score

Although you may have a brag-worthy credit score when you leave the country, if you live abroad for an extended period, that score may vanish. This could spell trouble when you return home. 

"The first thing most people want to do when they move back to the U.S. is buy a car and a home. However, most are surprised to find out they have no credit score and cannot buy a home until they re-establish their credit," says Todd Huettner, a mortgage broker at Huettner Capital in Denver.

Fortunately, the solution is simple: Remember to use a U.S. credit card a few times a year, says Heuttner. Buying a couple of books or DVDs from Amazon.com -- and paying your debt on time -- can keep your score pristine.

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Rates
advertisement
Most Read
  1. Beach towns with bargain homes
  2. 6 tips for successful yard sale
  3. Nick Nolte's house for sale
  4. 5 costliest tickets for car insurance
  5. 7 sedans for the young at heart
  6. 5 car models that lose value
  7. Ali Landry's house for sale
  8. Headlight requirements by state
  9. 9 gas-only, fuel-efficient cars
  10. 8 eerie ghost towns
advertisement
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.