Show Posts
1
Off topic / How can i build credit in SA with foreign income? Ideas??
« on: December 07, 2016, 12:35:15 pm »
Hi all,
I guess i am super fortunate to have dual citizenship and thus earn Income in Canada, coming back to South Africa it is incredibly difficult to purchase anything big on higher purchase without a credit history.
Now i realize i could get an Edgars card and spend on there, but im not sure whether that is the fastest route. The aim is to take on a cell phone contract and in a year purchase a vehicle
Banks seem to have no interest in me having income overseas and as far as they are concerned i cannot get a credit card without income, even if it was just R200.
One idea i had was to contribute to a family trust that would then pay me a monthly salary, after 3 months i could apply etc etc.
Are there any other ideas out there, other than the obvious one of paying cash for everything?
I guess i am super fortunate to have dual citizenship and thus earn Income in Canada, coming back to South Africa it is incredibly difficult to purchase anything big on higher purchase without a credit history.
Now i realize i could get an Edgars card and spend on there, but im not sure whether that is the fastest route. The aim is to take on a cell phone contract and in a year purchase a vehicle
Banks seem to have no interest in me having income overseas and as far as they are concerned i cannot get a credit card without income, even if it was just R200.
One idea i had was to contribute to a family trust that would then pay me a monthly salary, after 3 months i could apply etc etc.
Are there any other ideas out there, other than the obvious one of paying cash for everything?