Re: Getting financed with no credit history but ma... - myFICO® Forums

Anonymous · ‎01-19-2009

I just got a credit card in october, so obviously I can't get financed that way.

If I put $10000-11000 down on a truck that cost 15000 what are my chances of being financed? I have no credit history and cannot get a co-sign.

Anonymous · ‎01-19-2009

If anyone tells you that you can't finance $4K on an installment auto loan then you are shopping at the wrong place!!!

SCF · ‎01-19-2009

I think your best bet at this point will be to go to a local bank or CU and speak directly with a loan officer. CUs especially will often help you with building your credit history in this way, and I think you'll have good luck if you can explain what you're trying to do.

clocktick · ‎01-20-2009

Well that would be a heck of a down payment! Just keep in mind that some places require you to finance a certain percentage of the purchase price. Let us know what happens.

11/30/08 TU 648 EX 672 EQ 656 SEPT 2014 TU 787 EX 789 EQ ???
Amex BCP $24.1K/Clear $8.5- Sallie Mae $27.5 -Cap One QS $7.5 - Chase Freedom $7.5/United $5k/CSP $20k/Ink- Citi DP $9.5/Dividend $13k/HHHx2 $15k/16.4/Reserve $4.5k Best Buy $1940 HD $1701- Discover IT $15k - Elan $8k GEMB Lowes $20k - Macy's $2k - Kohl's $800

Starting Score: 648
Current Score: 736
Goal Score: 765

Take the FICO Fitness Challenge

fishbjc · ‎01-20-2009

Join a credit union. Get a secured card reporting.

Getting financed with no credit history but massive down payment?

Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Getting financed with no credit history but massive down payment?

Get your FICO® Score for free

Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Re: Getting financed with no credit history but massive down payment?

Get your FICO Score for free