Gringos with cedulla.

curramberochris says on Aug 21, 2007, 07:43:

A cedula is just an ID card.You can open bank accounts but banks usually require you to have an indefinite contract to secure a mortgage.....Although if you are pretty wealthy Im sure they would bend the rules.

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pilotguy says on Aug 21, 2007, 08:32:

You are extranjo (spelling) which means stranger, not citizen. I have had a few problems , which required more documents because I had different type cedula number. joe

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vicshere says on Aug 21, 2007, 09:57:

your best credit is getting a "fiador" co-signer....which is really a person with assets more than credit.....I guess credit doesn't mean much in Colombia....its what you have or somebody else has...

listo

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JoeG says on Aug 21, 2007, 10:01:

it seems possible to get credit, but I don't know if 12% is the gringo rate or if that is what everyone pays.

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vicshere says on Aug 21, 2007, 10:08:

yea 12% per month...naw just kidding but not unheard of people going for a 4% 10% per month and not from the local bank

listo

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Robert Jorge says on Aug 21, 2007, 11:58:

My wife's mother financed a modest computer at Alcosta in Villavicencio. It required 2 separate trips, documents including her current house lease, proof of current employment, etc. When she was finally approved, she picked the 1 year, 12 payments plan at 23%. My point is, it wasn't easy for her to obtain credit, though possible, and the interest rates were ridiculously high. They actually had payment plans that went out to 5 years for buying a computer.

--"I believe in making the world safe for our children. But not for our children's children, because I don't think that children should be having sex." - Jack Handy

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panthdave says on Aug 21, 2007, 14:32:

So after showing assets for credit card application is the credit card unsecured or secured in Colombia..which I mean they secure the credit line on the credit card with the assets or is just insecured if you default..

panthdave Miami

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Robert Jorge says on Aug 21, 2007, 19:22:

In my example's case, it had to be unsecured. She doesn't own a home, and I do not think she even has a bank account. She certainly doesn't have anything of considerable value (dinero-wise).

--"I believe in making the world safe for our children. But not for our children's children, because I don't think that children should be having sex." - Jack Handy

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RussianFred says on Aug 21, 2007, 22:49:

Thank you guys for the info. It seems like a Gringo will never be a Colombian.

Annual Drug Deaths: Tobacco: 395,000, Alcohol: 125,000, 'Legal' Drugs: 38,000, Illegal Drug Overdoses: 5,200, Marijuana: 0. Considering government subsidies of tobacco, just what is our government protecting us from in the drug war?--Ralph Nader

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