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Loan for used car needed - however I have no credit history.. help!

Last post Wed, Nov 11 2009, 6:58 PM by cabbage head. 3 replies.
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  •  Wed, Nov 11 2009, 6:58 PM

    Re: Loan for used car needed - however I have no credit history.. help!

    you have already been given good ideas but another option could be try going to the bank that you have your current account with, as you might have built up a relationship with them. (assuming that you have one for your wages).

    try the branch rather than online if you go down the bank loan route because they can get you a yes/no when you are there rather than waiting days/weeks to hear back from the internet.

    • Post Points: 5
  •  Thu, Nov 05 2009, 9:42 PM

    Re: Loan for used car needed - however I have no credit history.. help!

    Mat

    Another poster had the same problem. He managed to get finance from a garage he bought the car from. I think some small garages can arrange finance.

    Failing that, I would echo the comments by maxstream.

    Huckster

    • Post Points: 5
  •  Mon, Nov 02 2009, 8:32 AM

    Re: Loan for used car needed - however I have no credit history.. help!

    Your best sources of money would be your next pay cheques (it shouldn't take long to save up £2k unless you aren't good with money) or mum and dad.

    • Post Points: 5
  •  Thu, Oct 29 2009, 4:35 PM

    Loan for used car needed - however I have no credit history.. help!

    Evening all :)

    I currently have a bit of an unreliable car, and would like to borrow £2,000 to get something a little more solid. I am 20, earning £18k a year and live at home.

    Any ideas where my best source for a loan would be? Already been declined by Sainsbury's.

    Cheers

    Mat

    • Post Points: 50