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:


Related Stuff:

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace

Tags: , , , , , , , , ,

4 Responses to “What Financial Institution Will Extend Credit For An Auto Loan To A First Time Buyer Who Has No Credit?”

  1. not d baby Daddy Says:

    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

  2. J Says:

    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

  3. Reena Says:

    She should join a Credit Union and see what deals they have to offer for their members.

  4. My Take on It Says:

    None
    She will need a cosigner

Leave a Reply