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. Taking period between now and June off. Will only answer sporadically.

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