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Old Jun 13, 2008 | 12:38 AM
  #1  
Graphic35's Avatar
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From: NY Queens
loan question

my friend needs a car loan but he dont got credit at all!
any way out of this? any bank that will give him a 25k loan with no credit history?
 
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Old Jun 13, 2008 | 09:24 AM
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Sure, but he probably won't like the APR. Won't you know until you try.
 
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Old Jun 13, 2008 | 12:03 PM
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no there is not.
 
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Old Jun 14, 2008 | 09:43 AM
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There seems to be one financial institution that shows up on this site a fair bit - the Bank of Mom & Dad...
 
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Old Jun 14, 2008 | 09:00 PM
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Try a local credit union. You'll get a much better APR.

Typically they also take into account the personal factors more so than a bank would. At least that's been my experience when working with my credit union, they certainly value the relationship.
 
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Old Jun 15, 2008 | 01:28 PM
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I can tell you, if you secure you loan, you will get an incredible rate on your loan.
 
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