Hi all - my sister just graduated in June 07 and is looking to get a loan for a car. She only has one credit card which she got in November, other than that nothing else. Ideally she should wait some to let her score rise with timely payments and good util, but she needs a car asap to get to work (she works 2 part time jobs).
How lenient are dealers/banks with giving loans to people with no/little credit? She would have up to 3k to put down which hopefully will boost her odds on an approval. Does anyone here have any experience with this?