How Do You Get A Used Car Loan With No Credit?
Every 18-year-old who has ever tried to get a loan for a new car will tell you that it’s hard to get approved for a car loan with no credit. It’s even more difficult if you are applying for a used car loan because used car loans represent more of a risk to a lender. However, getting approved for a used car loan with no credit isn’t impossible. This article discusses three things to keep in mind when shopping for a used car loan with no credit: Consider a Co-Signer The best way to ensure that you’ll get approved for a used car loan is to have someone with good credit co-sign on the loan. The lender will list their name first, and that is the person whose credit they will consider when they send the loan to a loan officer to approve or decline it. However, you’ll want to make sure that you pay your payments on time because your loan goes onto both yours and your co-signer’s credit report. Have a Parent Add Your Name to Their Credit Card One of the quickest ways to get credit is to have y
