A great deal of discussion about purchasing a vehicle has a lot to do with how much money the vehicle costs as well as the creditworthiness of the individual looking to purchase the vehicle. In terms of credit, it is normally a discussion about if a person’s credit score is good enough to get a loan for a vehicle or their credit score is going to hinder them from being able to purchase a particular car.
However, there are many people, especially younger individuals, that have a unique problem. The issue with their credit may not be about how good or how bad it is. It may be that the credit is simply nonexistent.
A Lack of Credit
As surprising as this may be to some people, having little or no credit can be as debilitating when it comes to securing a loan as having horrible credit. While a lender … Read the rest