Hello everyone, I'm interested in obtaining an auto loan and I have some questions and also need some advice.
I'm not exactly sure what my options are right now here's some information. I only have about 3 months of credit history which won't be helpful at all but I do plan on co-signing the loan with a parent with good history.
I have been reading around and one thing that caught my eye were the PenFed Loans @ 3.99%. I was wondering if it would be possible to apply for that loan with my mom as a co-signer (if she had good enough credentials to be approved, of course.) The reason for this is that I want to build my credit history, have an installment loan on there and since I'd be the one making the payments.
Also, I've read a lot of the posts here about PenFed and their strict requirements. Does this mainly apply to their credit cards or does that also include their auto loans?
Thanks in advance.
