Car buying using other person

[Saint_Technika]

I'd like to know if you earn enough but can't directly purchase a car because of poor credit score and there's a willing 3rd party in the form of a family/friend to buy such what do they need and also do they have to be residing close by?

 

[Drifter]

The need to co--apply for the loan in the form of surety.

 

[skeptic_SA]

A poor credit score is there for a reason. Suckering some family member to co-sign for debt is a recipe for disaster. My 2c

 

[ToxicBunny]

A poor credit score is there for a reason. Suckering some family member to co-sign for debt is a recipe for disaster. My 2c

Totally agree..

And if a family member agrees to it, they need their head read.

 

[WAslayer]

if you earn enough to buy a car, you should be earning enough to have a good credit record.. dont go rack up more debt, and drag other people into your bad credit record with it.. my 2c..

 

[nemo415]

Take out a credit card for about 3 months, and pay it on time. Even if you just use R100 or so, and pay it back.

In 2015, earned enough to get a smartphone for R319 per month, but Telkom wouldn't give me a contract. My credit rating was not 'bad', it was non existant, i.e. the bureau didn't have any info on me.

So I took the phone from FNB, since they did not do any credit check, and they can see the money movement in my account.

Check the experian and mytransunion websites. It should show 12 month activity on your credit rating

Eventually, I took out a credit card, and checked my credit score later, it was up to date.

If you are declined a credit card for the same reason, then this won't work

 

[Ho3n3r]

Firstly, how do we get a hold of said family to let them know that this is a very bad idea?