I have no credit...................

whoady4shoady · 07-19-2009, 12:02 AM

Will the National Military Family Association and Pentagon Federal Credit Union option work for me?

wolf41779 · 07-19-2009, 12:09 AM

Unfortunately unless you have a co-signer, probably not. Elaborate on "no credit"...do you have any credit cards? Do you have any school loans? You must have some sort of financial history for you to be able to take out a loan, and it must be clean if you dont want to get raped on your interest rate...

whoady4shoady · 07-19-2009, 01:50 AM

No, ive always done everything with cash, and I will have a nice down payment, but I still need a small loan. O well.

370Zilla · 07-19-2009, 09:51 AM

What do you mean by "Nice" down payment. If you have 8-12k down, proof of income over 25k with no other debt, proof of residence, and no BAD credit history, you can get financed. It might be 12-15% APR, but you can get it done.

joshj808 · 07-19-2009, 10:29 AM

Wow, 12-15% is painful but i guess its the price you pay these days in out credit based economy. Maybe if you paid cash for the car...

edeeZee · 07-19-2009, 11:19 AM

No credit huh?

NO PROBLEM! Come right down to Hyundai of your local neighborhood and we promise we can get you into a brand new, yes that's right, brand new 2009 Hyundai with nothing down. If you lose your job within the first 10 months we'll even take back your car without damaging your credit standing. What are you waiting for? Operators are standing by right now, and if you buy a new Elantra within the next 30 minutes, we'll even etend that warranty to 20 yrs./ 200,000 miles whichever comes first (as long as you don't sell or get rid of it before then). Operators are standing by.

GMZ · 07-19-2009, 11:21 AM

12-15%? Youd have to be nuts to pay that! How much are you trying to finance?

nogoodname · 07-19-2009, 12:09 PM

what are the numbers at.....how much we talkin here

just saw a commercial

F - R - E - E that spells free

freeCreditReport.com

Mike · 07-19-2009, 12:17 PM

join a credit union, get a share secured loan, then a credit card and use it and pay it for a few months then go for the loan. Its going to take time, but you can build your credit up.

whoady4shoady · 07-19-2009, 01:19 PM

Quote:

Originally Posted by 370Zilla

What do you mean by "Nice" down payment. If you have 8-12k down, proof of income over 25k with no other debt, proof of residence, and no BAD credit history, you can get financed. It might be 12-15% APR, but you can get it done.

Well yeah, buti dont want to pay that high of a rate if I dont have to. LOL

whoady4shoady · 07-19-2009, 01:20 PM

Quote:

Originally Posted by edeeZee

No credit huh?

NO PROBLEM! Come right down to Hyundai of your local neighborhood and we promise we can get you into a brand new, yes that's right, brand new 2009 Hyundai with nothing down. If you lose your job within the first 10 months we'll even take back your car without damaging your credit standing. What are you waiting for? Operators are standing by right now, and if you buy a new Elantra within the next 30 minutes, we'll even etend that warranty to 20 yrs./ 200,000 miles whichever comes first (as long as you don't sell or get rid of it before then). Operators are standing by.

whoady4shoady · 07-19-2009, 01:21 PM

Quote:

Originally Posted by Mike

join a credit union, get a share secured loan, then a credit card and use it and pay it for a few months then go for the loan. Its going to take time, but you can build your credit up.

Thanks Mike. I have been avoiding this, but now it is biting me in the ***.

dad · 07-19-2009, 01:51 PM

Establish credit....Go to your local Target, open a charge account, pay it on time, every time! It's a start!

http://www.kiplinger.com/basics/mana...sh/firstcc.htm

370Zilla · 07-19-2009, 03:35 PM

Quote:

Originally Posted by whoady4shoady

Well yeah, buti dont want to pay that high of a rate if I dont have to. LOL

No kidding. None of us wants to pay any interest. You do not have to. Drive what you have now. Save some money and buy a 2011 model after you have established some small credit with credit cards. Oh wait...they have 10-30% interest as well.

Way of the world. Even the 780-820's among us must pay 3-5%, unless you catch a 0.0 offer, and that is normally on outgoing models, or models not selling well.

Mike · 07-19-2009, 04:44 PM

Quote:

Originally Posted by 370Zilla

No kidding. None of us wants to pay any interest. You do not have to. Drive what you have now. Save some money and buy a 2011 model after you have established some small credit with credit cards. Oh wait...they have 10-30% interest as well.

He doesn't have to carry a balance to build credit, just pay it in full each month and no interest.

07-19-2009, 12:02 AM	#1 (permalink)
whoady4shoady A True Z Fanatic Join Date: Jul 2009 Location: New Orleans Posts: 1,088 Drives: 09 Silver Nismo Rep Power: 18	I have no credit................... Will the National Military Family Association and Pentagon Federal Credit Union option work for me?

07-19-2009, 12:09 PM	#8 (permalink)
nogoodname Lifetime Premium Join Date: Nov 2008 Location: Montreal Posts: 22,357 Drives: E46 M3 Rep Power: 1765	what are the numbers at.....how much we talkin here just saw a commercial F - R - E - E that spells free freeCreditReport.com Last edited by nogoodname; 07-19-2009 at 12:14 PM.

07-19-2009, 12:17 PM	#9 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2186	join a credit union, get a share secured loan, then a credit card and use it and pay it for a few months then go for the loan. Its going to take time, but you can build your credit up. __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968

07-19-2009, 01:51 PM	#13 (permalink)
dad Grand Prix of Endurance Join Date: Nov 2008 Location: Tennessee Posts: 3,476 Drives: Mulsanne Straight Rep Power: 26	Establish credit....Go to your local Target, open a charge account, pay it on time, every time! It's a start! http://www.kiplinger.com/basics/mana...sh/firstcc.htm __________________ We can do without any article of luxury we have never had; but once obtained, it is not in human nature to surrender it voluntary. Last edited by dad; 07-19-2009 at 01:57 PM.

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07-19-2009, 12:09 AM	#2 (permalink)
wolf41779 Base Member Join Date: May 2009 Location: The Desert Posts: 83 Drives: PW 370 Rep Power: 16	Unfortunately unless you have a co-signer, probably not. Elaborate on "no credit"...do you have any credit cards? Do you have any school loans? You must have some sort of financial history for you to be able to take out a loan, and it must be clean if you dont want to get raped on your interest rate...

07-19-2009, 01:50 AM	#3 (permalink)
whoady4shoady A True Z Fanatic Join Date: Jul 2009 Location: New Orleans Posts: 1,088 Drives: 09 Silver Nismo Rep Power: 18	No, ive always done everything with cash, and I will have a nice down payment, but I still need a small loan. O well.

07-19-2009, 09:51 AM	#4 (permalink)
370Zilla Base Member Join Date: Jul 2009 Location: Gainesville, Fl Posts: 41 Drives: 370Z Rep Power: 16	What do you mean by "Nice" down payment. If you have 8-12k down, proof of income over 25k with no other debt, proof of residence, and no BAD credit history, you can get financed. It might be 12-15% APR, but you can get it done.

07-19-2009, 10:29 AM	#5 (permalink)
joshj808 Base Member Join Date: Jun 2009 Location: Al Manama, Bahrain Posts: 48 Drives: 2005 Subi Legacy GT Rep Power: 16	Wow, 12-15% is painful but i guess its the price you pay these days in out credit based economy. Maybe if you paid cash for the car...

07-19-2009, 11:19 AM	#6 (permalink)
edeeZee Track Member Join Date: May 2009 Location: s. cali, los angeles Posts: 627 Drives: 09 370z plat 6 speed Rep Power: 266	No credit huh? NO PROBLEM! Come right down to Hyundai of your local neighborhood and we promise we can get you into a brand new, yes that's right, brand new 2009 Hyundai with nothing down. If you lose your job within the first 10 months we'll even take back your car without damaging your credit standing. What are you waiting for? Operators are standing by right now, and if you buy a new Elantra within the next 30 minutes, we'll even etend that warranty to 20 yrs./ 200,000 miles whichever comes first (as long as you don't sell or get rid of it before then). Operators are standing by.

07-19-2009, 11:21 AM	#7 (permalink)
GMZ Enthusiast Member Join Date: Jun 2009 Location: Virginia Beach Posts: 304 Drives: 07 V8 4Runner 4x4 Rep Power: 16	12-15%? Youd have to be nuts to pay that! How much are you trying to finance?