No credit check car loans?

L

Loona

Member
Is it possible to get a car loan without a credit check? Are there any lenders who do that? I ask because a car loan isn't such a small one, like a few hundred bucks...
 
Well, there are plenty of lenders who will help you out, but you have to keep in mind that a no credit check car loan will automatically imply way higher costs than usual! Interest rates will be high, because of course, the lender is taking a big risk.
The one positive aspect though is, if you really have bad credit but need a car, this type of loan (no credit check) will probably help you build / improve your credit score.
 
Finding a moneylender that will give you an advance without a credit check is the incredible alternative for getting your record of loan repayment off the ground. Ensure that the moneylender reports your record and installment history to one or all the three noteworthy credit agencies, and then pay all your bills on time.
 
Try economy car rentals. You can pay cash when you pick up the car. I think they may want a credit card No. to cover any damage though. Do you have a relative with a credit card that will trust you to use it?

Ruth
 
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