What happens to your line of credit when you become a non-resident?
Moderator: Jim Eiss
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Serendipity
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What happens to your line of credit when you become a non-resident?
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!
Re: What happens to your line of credit when you become a non-resident?
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
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best