#how to get a loan with no credit
Things You’ll Need
Financial and professional references
Set up some accounts in your name to prove that you are responsible with your money. Most credit agencies will look favorably upon someone who has home utilities and a cell phone account in good standing. You may be able to get a reference that says you pay your bills on time.
Open a checking and savings account. If you don’t overdraw your accounts or write bad checks, then your bank should write you a reference to help you get a no credit car loan.
Ask your employer for a statement of proof of employment. This document should say how long you’ve been working for this company and the likelihood that you will have this job for the next few years.
Look for different no credit loan options at various banks and credit agencies. Your bank might be able to finance your loan if you have been in good standing with it for a few years. Ask about the possibility of refinancing your loan for a lower rate after you build up credit.