The Story of a No Credit Car Buyer

The Finance Guy

Brittany is a young car buyer from Washington. Her no credit status is making her anxious. She sent her question to our e-mail address finance @ rapidcarloans.net . Here’s how I helped her.

QUESTION:
My name is Brittany. I currently don't have any credit. I am 18 and just starting to build my credit.  But i was wondering if you guys will allow me to get a loan for a car and if so how does that work? I did fill out the thing on your page but i can’t put a credit score down because i don’t have any credit. If you can email me back with some more information that’d be great.

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ANSWER:
Initially, traditional lenders avoided providing loans to people with no credit history. But, these loans are very common today. Our company, Rapid Car Loans, does provide auto financing to young car buyers.

The procedure for applying is very simple. You need to fill the application form on the secure website. For getting approval, you should have a stable job (part-time job is okay). Your gross monthly income should be least be $1000. You can even get a co-signer and/or down payment for getting quick approval.

In reference to your question related to credit score, please select an average credit score which you think describes your situation best. As and when the company's representative contacts you, you can tell them about the no credit situation.

Rapid Car Loans is an online auto financing company. It has been serving car buyers across the nation since 2008. Our Finance Guy, Rock Watson, has been a loan consultant in the company for many years. He has worked with people with credit issues, bankruptcy, low income and everything else. He can assist you in getting a car loan. Just leave your questions/doubts/queries for him and he will help you out.

Obamacare may take (some) care of your Car Insurance as well

Do you think you are paying more for insuring your car? Well, you are going to get some help from The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or "Obamacare". The Act may be helpful in reducing your car insurance rates by 2%.

Rand Corporation’s recent study mentions that as more people will be covered under health insurance, there will be reduction in other insurance rates. With “Obamacare”, more people will have health insurance which means the health insurance company will cover the more of the cost which are currently handled by car insurers. This will reduce the expenditure of car insurance companies.

Now, only time will tell if the companies are ready to pass savings to customers. If they do, you and I can definitely get some relief in insurance rates.

It is a probability that car insurance rates will reduce. But, getting low rate auto financing is a reality. Get the most affordable auto financing programs with Rapid Car Loans. Bad credit car buyers can apply without any tension.