Loans For People With Bad Credit History
Auto Loan with no credit? If so, how bad is the interest?
I’d like to get a loan for say, $35k, or even better; a blank check. Capital One I know does blank checks, but I’m not sure if they take people with no credit history. I have no credit history and I’m wondering if I can get a loan this way and what the interest rates will be like. Anyone know?
I don’t have BAD credit FYI, just NO credit whatsoever.
I can get a cosigner, but I was also curious if a cosigner can “lessen” the amount of credit that is built on my behalf during the payment period of the car.
If you’ve never had credit before, you won’t get a loan for $35,000.
You may get a loan for less with a very high interest rate, but with absolutely no history you are going to be a very large risk no matter how much money you make.
You’d be better off going to a smaller bank or better yet a credit union that you might do business with.
If you’ve been a member of a credit union for a while with a stable checking account, you’ll be in better shape to ask for such a loan.