Getting Approved For Car Loan No Credit History Is Lot Easier Than You Think
Getting approved for car finance with no credit history might not be that difficult as many people think. The real issue could be keeping up with the monthly payments as loan defaults can adversely affect credit profile as in the worst of situations, loan dealer will repossess the car and that will be reported to the credit bureaus. To that effect, if you are not quite sure that you will be able to repay the monthly car instalments on time, it could be advisable to wait for some time and focus on building some credit first before applying for an auto loan.