What Financial Institution Will Extend Credit For An Auto Loan To A First Time Buyer Who Has No Credit?
A Reader Asks…
My daughter, who is 19 years of age, only has 2 student loans (which are deferred) on her credit. Her credit scores are over 630. She has been gainfully employed for over 12 months.
(Scroll down to see responses)
Similar Posts:
- Is There Any Kind Of Stimulus For Student Loans?
- The Benefits of Student Credit Cards
- What Is The Best Rate To Cosolidate The Student Loans?
- How Many Times Can You Defer Your Student Loans With The Federal Government?
- Is It Illegal To Earn Interest On Unsubsidized Loans?
Related Stuff:
Tags: Auto, Credit Score Help, Extend, Financial, First, Institution, loan, Time, What, Will
July 18th, 2009 at 12:41 pm
NOw, few at best. I agree to go with your credit union as they will give you the best chance. To get your credit going, get a company card from Target or macy’s and just use it a little paying it off every month. then apply for another co card and from there, get a bank card at bankrate.com
July 18th, 2009 at 5:28 pm
Go anywhere. I got my first brand new car (Jeep Cherokee 2000) in 2000 when I was 19 from Chrysler. I had just started a new full time job working as a junior typist for the City of Detroit in Jan 2000…I got the car with no co-signer that same year. My note was like $250. Not bad. She can go any where…especially with the auto industry being how it is now…they’ll be glad to have her. I didn’t put anything down either…and that was 9 yrs ago. damn…9 yrs? I don’t feel that old. lol good luck
July 18th, 2009 at 10:16 pm
She should join a Credit Union and see what deals they have to offer for their members.
July 18th, 2009 at 10:45 pm
None
She will need a cosigner