Credit and moving. . .

I have a question that I keep getting conflicting information on, and need a definate answer one way or the other. My husband and I are living in America at the moment, but we will be moving to Germany and becoming legal citizens next year. My question is this. Will his good credit follow us, or is he going to need to start from scratch? We have a few things we want to buy when we move there (a Smart Car for one), but if his credit won't follow, we are going to need to buy it first. This is important, and could cost us a lot of money in the long run if we don't know what to do ahead of time.

We truly appreciate any help you could give us!

~Serenatesttest

I'm not familiar with the credit system or laws in Germany or how they maintain their data. I wish I could be of more help but if it were the other way around and you were moving from Germany, your information would not transfer back to the states (you would have to start over again to establish credit in the U.S.) unless your established creditors agreed to report your credit information to the three US credit bureaus. It could very well be the same in Germany but this is a question that would best be asked by someone in the industry over in Germany that is familiar with their credit reporting systems. One idea would be to contact a bank in Germany and talk with a lender over there to see if they might be able to give you an idea of where to begin. At least this way, you'd have a more accurate idea of what to expect when you move.

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