Credit Reporting Agencies
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Credit Reporting Agencies
Dear Expats:
Is there a centralized credit reporting agency in Hong Kong? (e.g., in the United States we have 3 majors reporting agencies: Equifax, Experian, and Trans Union). Also, when applying for lines of credit, is your established credit history from your home country taken into consideration, or do you start off with a blank slate after taking up residency in Hong Kong?
LD
Is there a centralized credit reporting agency in Hong Kong? (e.g., in the United States we have 3 majors reporting agencies: Equifax, Experian, and Trans Union). Also, when applying for lines of credit, is your established credit history from your home country taken into consideration, or do you start off with a blank slate after taking up residency in Hong Kong?
LD
Join Date: Oct 2004
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Transunion.
Its newish.. they are not that good yet, and I've heard stories of people getting HUGE credit lines (100,000 USD +) and others not getting simple tax loans.. their reporting is very very specific.
Ie in Canada , if you were 30 days late on a bill, you'd incur a R1, after 60 a R2 ect.. here they measure late payment in days!! It will say you were 1 days late paying on your credit report.
edited to add : you start off new here. No history. But they will issue you CC, ect based on your payslips.
Its newish.. they are not that good yet, and I've heard stories of people getting HUGE credit lines (100,000 USD +) and others not getting simple tax loans.. their reporting is very very specific.
Ie in Canada , if you were 30 days late on a bill, you'd incur a R1, after 60 a R2 ect.. here they measure late payment in days!! It will say you were 1 days late paying on your credit report.
edited to add : you start off new here. No history. But they will issue you CC, ect based on your payslips.
