What happens to your line of credit when you become a non-resident?

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Serendipity
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Joined: Thu Mar 03, 2016 12:52 pm

What happens to your line of credit when you become a non-resident?

Post by Serendipity » Fri Jun 29, 2018 5:19 pm

What happens with my credit ratings and line of credit if I tell my Canadian banks that my primary address is in Europe and that I am becoming a non-resident? ... And, if they're inclined to lower or eliminate your line of credit, what will they do with money already owed on a line of credit or credit card? My main bank is Scotia. ... Thanks in advance for your input!

nelsona
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Re: What happens to your line of credit when you become a non-resident?

Post by nelsona » Mon Jul 09, 2018 3:23 am

That would be a question for your bank, but you dan certainly keep your libe of credit and credit card as a nonresident. You are expected to continue paying iff any debt per your agreements
Nelsona Non grata. Non pro. Search previous posts.

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