A Possible Car Loan for People with No Credit History


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » A Possible Car Loan for People with No Credit History

A Possible Car Loan for People with No Credit History

The content is accurate at the time of publication and is subject to change.
Nowadays, cars are already considered to be a necessity and with the comfort brought by owning a car, a lot of us would like to have one. But with most people's desire of driving a car of their dream, not a lot are capable of purchasing one. While it is true that one can acquire a car through a car loan, applying for such loan is not too easy. Your car loan application could almost be impossible without a credit history. If you're someone who wants a car badly without a credit history, what would you do? Would you just go head and give up your dream car? Go ahead and find companies that offer car loans even without a credit history. There are some resources that you can run to on the Web. With the net, it is now very possible for people who haven't had a credit card or loan in the past to have a car. True, it is easy to find and apply for a car loan without a credit history requirement but you should be very careful especially when you have to make a down payment. Companies which require a down payment are more often than not scammers; be very vigilant on this aspect. Now, if you research farther, you would be able to find online companies which do not require a down payment. During your application process and no down payment is asked from you, you should not presume that you had been approved of your application. The best thing you have to do when shopping for the right car loan deals and company is checking on the company's legitimacy so your money and effort won't go to nothing. In any kind of loan, it is important that you learn and understand everything about the loan you're getting. Make sure you understand the interest rates and how it is computed. You would not like to pay for something beyond the amount you're expecting. Having a car loan is one big obligation. Monthly payments should be made on time so interest rates won't pile up. This can only damage your first credit. Your credit history would determine your chances of getting another loan in the future. Your loan could be your first and last if you don't take good care of your credit so always train yourself to make on-time repays. You may not need it now, but time would come when the need would arise. Emergency comes when we least expect then and most of them calls for money. Unfortunately not a lot has extra cash to pull out of their pocket at all times that is why loans are also important; sort of lifesavers to a lot of us. As early as now, it is recommended that you take actions to establish your credit history or if you are already granted one, then do your best to keep it as impressive as possible. This is your ticket to a fast and easy loan approval in the future.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!