New To USA on H-1B–Important Things To Do

 

• Get Your Social Security Number and Card
  
• Start Building Your Credit History / Rating / Score - Bank Account – ATM/Debit and Credit Cards
  
• Job Hunting on H-1B Work Visa
  
• Preparing Your Resume / CV
  
• Create Dice Profile, Recruiter’s Response, Selecting Mobile Carrier, Billing and Package, Voice Mail Settings, Leaving Messages
  
• Understanding Employment Types and Tax Terms
  
• Preferred Vendor, Direct Client and Subcontracting
  
• Initial Screening, Telephonic and Face to Face Interviews
  
• Finding an Apartment on Rent
  
• International Driving Permit, Foreign Driver License, Interim Permit and Learner Permit

In USA on H-1B–International Driving Permit, Foreign Driver License, Interim Permit and Learner Permit

 

If you have your International Driving Permit - IDP along with your Foreign Country’s Driver License, you can drive up to 6 months or so, depending upon which state you are in. But you ultimately going to need a USA Driver License.

To start with, you will have to apply for a Learner’s Permit, which requires you to appear for a written test at your nearest DMV office. Depending upon which state you are in, you can download the State-Specific Driver’s Manual from State’s DMV Website. For example, for New York State, you can get the Driver Manual from New York’s DMV Website. Besides that you can also get a printed copy, free of charge, of the same Driver’s Manual from a nearby local DMV Office.

You need to have at least 6 points of proof of identity. For any new arrival, following can be used to accumulate 6 points:

1. Foreign Passport with I-94 – Primary ID – 4 points
2. Social Security Card – Secondary ID – 1 point
3. ATM or Debit Card – Secondary ID – 1 point

Click here for an Online 6 Point Document Selector for the state of New Jersey.

Fees (Source: NY DMV):

Once you successfully passed the Test, you will be given an Interim Permit immediately, which looks like:

Within two weeks you will receive the original Learner Permit in your mail box, which looks like:

In USA on H-1B–First Thing First–Start Building Your Credit History or Credit Score

 

You need to open a Checking Account in a Bank. For those of you who are coming from Pakistan, what you call Current Account in Pakistan is called Checking Account in USA. To open a Checking Account you need your Original Passport and I-94. You will receive a Photo Debit Card, which you can use in ATMs, POS machines, Online Purchasing etc.

! Interest Alert ! Banks also have Saving Accounts which works on interest.

Similarly, you’ll have to apply for a Secure Credit Card. The only difference between a Secure Credit Card and a regular Credit Card is that you pay for your Credit Line in advance to safe the Bank from risk of defaulted payments. While in case regular Credit Card, Bank offers you a certain amount of Credit Line depending upon your Credit History or Credit Score. But, because you are new to USA and you don’t have any Credit History or Credit Score yet, so you have an option to “buy” your Credit Line for your “Secure” Credit Card. If you pay $2000, your Credit Line will be $2000, so on and so forth. Other than that, there’s no difference in a Secure and a regular Credit Card, both works exactly the same.

If you are short on money, than a minimum recommended Credit Line for a Secure Credit Card is $2000. Although, you can go for less than that too.

! Interest Alert ! In order to build your Credit History or Credit Score, you will have to do your purchases via Credit Card. So it is recommended to always synchronize your purchases with the amount you have in your Debit Card or Checking Account. Always, clear your Credit at the end of every month. Finally, if you are going through tough times and are short on money, stop using Credit Cards altogether, or you will be lost in the maze of interest with no outlet.

So what Credit Reporting/History/Score is?

Credit reporting is a system lenders use to decide whether or not to give you credit or a loan and how much interest they can charge you for it. Your credit report is based on the bills payments you have missed or been late paying, loans that you have paid off, plus your current amount of debt. A credit report contains information on where you work and live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy. Consumer Reporting Agencies (CRAs) gather this information and sell it to creditors, employers, insurers, and others.

Based on the information in your credit report, lenders calculate your credit score so they can assess the risk you pose to them before they decide whether they will give you credit. The higher your score, the less risk you pose to creditors. Your score can range anywhere from 300-850.. Aiming for a score in the 700s will put you in good standing. A high score, for example, makes it easier for you to obtain a loan, rent an apartment, or lower your insurance rate.[Source – USA.GOV]

How to improve your Credit Score?

Make sure you get your apartment, car, utilities, telephone and services in your name and make sure you pay all your bills and rent on time.