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| *Ostroff, Fair and Company>>>Credit |
How do you get a loan when you have no credit history? be CREATIVE!!!? |
How do you get a loan when you have no credit history? be CREATIVE!!!? Are we talking about NO credit history or a BAD credit history? If you have NO credit history, you can get a loan based on other information such as your income, rental payments on your apartment, paying your utilities on time, length of time with a checking account, etc. If you have BAD credit, then pretty much you're going to have to pay really high interest rates. This could be a traditional credit card where you pay jacked up rates or you take out a payday loan, car title loan, etc. (which I don't recommend) with even more jacked up rates. Well I didn't have any credit history either and got a loan,but of course they are going to look to verify employment and depends on the amount you want,once ur given the amount and when its time to pay back ur loan well that will establish ur credit,and if u dont payback well there goes ur credit Get a co-signer, someone with a credit history, like parents, and then be sure to pay your loan back promptly to their credit isn't tarnished. With no credit history it is really difficult to get a loan. You can build up your credit and then go for one or you can try online or go for a cosigner or some security deposite or mortage. To know more you can visit http://www.hstrial-tgeorge1.homestead.co... and http://www.easyhomeloans.blogspot.com... try this site it maybe able to help you with your financial needs... http://www.helpgetfunded.com This may be hard, but save $1,000. Go to the bank and open a $1,000 Certificate of Deposit (CD), then apply for a $1,000 loan. Offer your CD as collateral for the loan. Repay the loan in monthly installments, and you will begin to establish a credit history. Most banks will look favorably at CD secured loans, even with no credit history. Good Luck! Not necessary, check different financial institution who gives loan without guarantor. now a days banking or lending agency are chasing customers, to sell their products on minimal rates of interest, with low security ratio, because they shield their credits, in case of not receivable, or expiry of the debtors, the creditors get back their money whatever they invest in the market through insurance company. Only the lending agency need some basic information regarding your accommodation, job status, length of service and some more information to release the loan. Low loan lending is the common in the market. |
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