Q: How to build credit?

[Davush]

Good day all,

Im a young guy, been working overseas for a few years and have pretty much no credit history in SA.

What are some easy ways to start building a bit of a history?

I won't be earning a regular income either as I'm studying.. Living off savings pretty much.

Cheers

 

[Pho3nix]

Get an Edgar's account. Buy something every couple months and pay it off ASAP.

 

[Nomad]

You've gotta first tell us where you worked, how many years and how it's like being back home.
Yea like the guy above said, open a retail account and pay it off.
Were you putting monthly deposits into a cheque account?
Management of a cheque or credit card helps too.
Take out a credit card and use less than half of it but make sure minimum payments are done on time.

 

[Chevron]

Get an Edgar's account. Buy something every couple months and pay it off ASAP.

This pretty much.

 

[Thor]

Get an Edgar's account. Buy something every couple months and pay it off ASAP.

This

 

[ActivateD]

I buy things on my credit card and just pay it off ASAP. I do make sure that what I buy on my credit card I have funds available on my cheque account.

 

[Davush]

I buy things on my credit card and just pay it off ASAP. I do make sure that what I buy on my credit card I have funds available on my cheque account.

Thanks guys!

 

[ambo]

You could also take out a cellphone contract. You just pay monthly for what you use but even the fixed rate contracts like the topup products are considered to be credit and will earn you a credit history.