Auto loan approval for someone with no Fico score?
I am 18 years old, working for roughly 2500 a month at my job for 2 years. I have an experian plus credit score of 693, but no FICO yet due to lack of history! I have 2 accounts in good standing though since 10/1/08. I however do need to get a car loan and I was looking at something under 12k with 3k down, I applied at capital one and was turned down. Is there any way I can get approved? I do not want a co signer at all because both my parents have bad credit and I dont think that would help lol, let me know what you all think is the best way to go about this! Thanks!
Public Comments
- I am not sure with your status but can suggest you a site where you can apply for it. This lender provide quick auto loan approval on any credit situation. So there are chances for you to apply for it. Just fill out their online auto loan form and they will call you asap. Good Luck!!!
- You need to apply for a loan with a dealership that has a Special Finance Department. They work with lenders that have First Time Buyer Programs. Your monthly income is good and you have a decent down payment, so they may be able to qualify you. Good Luck.
