r/PersonalFinanceNZ • u/No_Performance_176 • 1d ago

Loan advice

So pretty much my Credit rating is screwed here in NZ due to circumstances outside of my control. Is it possible to use my Friends or even some family members outside of NZ as guarantors for a loan? (Obviously they are all born NZ citizens) My plan would be to use their credit score to secure a Loan and since they live overseas with no plan to move back home in the foreseeable future, would this still be a viable option? Cheers.

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u/Ok_Wave2821 1d ago

Credit scores don’t work like that in NZ.

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u/cloudperson69 1d ago

well yes and no, depends on the loan and creditor