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Is this true?

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Carloscda40
Regular Contributor

Is this true?

With a ccredit score of 0 some dealers don't ask for proof of income?

Message 1 of 5
4 REPLIES 4
boomhower
Valued Contributor

Re: Is this true?

No it's not.  Reason being you can't have a 0 score.  You can have no score at all but there's no such thing as a zero FICO score.  Unless it's a buy here pay here I can't imagine them not wanting proof of income.

Message 2 of 5
Carloscda40
Regular Contributor

Re: Is this true?

Should've reworded are No credit history.

Message 3 of 5
Anonymous
Not applicable

Re: Is this true?

With absolutely no credit history it would be a huge challenge for a dealer to secure financing at all. It would most likely require a co-signer or a very large down payment and documentation of employment and income. But that is just my speculation. I'm sure some poster will come around and say I"I got a $50,000 BMW with just my license and a smile and handshake with no credit file".

Message 4 of 5
Mike360
Frequent Contributor

Re: Is this true?

maybe at buy here pay here lot but they are scum. even some of these want places want proof of income. 

Message 5 of 5
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