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How do Chinese students establish credit records in the United States?

American universities attract elites from all over the world. About 1 million international students currently hold different F1 and M1/J1 visas in the United States. However, the application of American schools is difficult. You can seek the help of professional study agents. If you don’t known how to choose, you can refer to the study agent evaluation (留学中介测评) online. They can also give you good advice when dealing with the unexpected situation of cheating in the US exams (also known as 美国考试作弊), and teach you how to deal with expulsion (also known as 开除应对).

Many international students hope to successfully complete their studies, and after graduation, they have the opportunity to work in the United States for a period of time, but they are often hampered by the problems of personal credit records in their lives. For example, if you use a mobile phone card to purchase a mobile phone or rent a house in installments, if your personal credit history is not good or zero, you will usually need to provide additional guarantee funds, and you will be directly rejected. If international students have the opportunity to establish a personal credit history the first time they come to the United States, these conditions will gradually ease.

The US economy is built on top of credit records. Under the traditional credit model, the bank will judge whether you are willing and able to repay the loan based on your personal credit history, and decide whether to send you a credit card or loan. In addition, personal credit records are an important basis for background investigations in the United States for renting, working, and buying cars in installments.

Effective use of credit cards is the most common and effective way to create personal credit records. However, international students who have just arrived in the United States have lost their life history in the United States, so the credit history is basically zero. Therefore, this group of people is difficult to obtain credit cards under the traditional credit model. This strange circle has fundamentally cut off the opportunities for international students to establish American credit, forming a vicious circle, which has led to the long-term lack of many opportunities for international students to compete in the United States. However, most financial institutions in the United States currently have no effective response to this rapidly growing market demand. These international students who contribute as much as $31 billion to the US economy can only be exposed to outdated traditional credit models and are hampered by the credit card.

In addition, you must have the right status to work, green card is a good choice, but the green card schedule is very long, you can always pay attention to the green card scheduling forecast (also known as 绿卡排期预测), many people will choose to apply for the US h1b visa (also known as 美国h1b签证) to maintain their legal status. If you are not sure, you can consult a professional law firm, such as goh1b.

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