How do Thais establish credit for car purchases and credit cards?

[DerbyDan]

why would a bank give credit to someone who can't afford that car, and won't be able to pay off the card plus interest?

[Pumpuynarak]

13 hours ago, KannikaP said:

So who got the finance deal, you or her if they were taking YOUR pension income for the payments? 

 

Wifey, the vehicle is in her name.

[Tracyb]

Thank you everyone for your comments and suggestions.  I appreciate your input!

[jomtienisgood]

On 6/30/2021 at 8:44 AM, bkk6060 said:

I could be wrong but my experience is there is no real credit bureau or credit history accessibility/limits here.

Supporting this is the fact that they will give car loans to people with payments being 1/2 of their income.

To get a loan your spouse will probably need to show some type of consistent income from a real job.  For a car loan they would minimally check her employment.

Credit cards seem pretty easy I have seen them give them out at the mall with a free T-shirt if you sign up.

Credit - or Debit cards ?????? 

[bermondburi]

Just did it last week. My wife has no job but has been supported by me about 100k a month average. Sometimes more and sometimes less. They wanted to see bank records going back over the past year. They checked to see if she was in any debt and if she owned her own property. No. Yes.

 

Traded in old car for 340k and the difference of the new one to be paid off over 4 years. 

 

Took about 4 days to get approval.