Bad Credit Agency

Are there any trustworthy bad credit/no credit auto loan companies?

I have a good credit score, 729, but not enough credit history to get an auto loan without a co-signer. I have been looking up bad credit or no credit auto loaners, are they legitimate? Are there any that offer a decent interest rate? (I understand that they frequently have a higher rate, I am willing to accept a certain amount of rate increase). I simply do not want to get scammed by strange policies that are designed to screw you. Please do not include as an answer "Why don't you get a co-signer?" The answer is because I don't want anyone else to be financially responsible. Also for reference Capital One has already rejected my loan application because of insufficient credit history. I feel like with a credit score of 729, I should be able to get a loan SOMEWHERE. I always pay my bills. Hi, sorry I should put the amount I intend to borrow. I'm looking to borrow 10-15k. Thank you so much to those who have answered so far, quite helpful on this one!

Public Comments

1. You can get a credit card online in about 30 seconds . The problem is that it all comes down to the fine print. You need to read all of it including all the interests and whether they are fixed or variable. (naturally you would want a fixed rate.) You need to look at the other charges they include that you can barely read as they charge service fees. God help you if you use the cash line of credit. The fees are phenomenal. You could try getting more than one credit card and I get several in the mail almost everyday and online as spam. They will let you know how much you qualify for. They keep wanting to give me more credit cards after I had to file for bankruptcy due to large car repairs and $18,000 worth of credit card purchases and I am on disabilty. I was married for 21 years and my credit was establish with our excellent credit and the house we bought. I started back up though with a credit card from a clothing store and Best Buy and then , because their interest rates were high, I transferred them over to a better rate. I never want anyone to be financially responsible or co-sign either, but sometimes you have to bite the bullet. There wouldn't be a problem if you pay your bill with your money on time and never get to the point where a person has to pay for you. So, if you are responsible, while you don't like it, in order to get a start until you establish yourself, you may want to reconsider or try the other options above. Good luck! If you pay your bills on time and in full, you will soon establish a better credit score. Capital One is a finicky lender. Have you thought about a bank loan or one from a credit union? Just a thought.
2. You have hit on a valid point. In general, small or non-prime lenders tend to be where customer service complaints are concentrated. They "lose" payments then post them one day after due dates to get late fees, lose titles, don't process payoffs correctly, invent fees, etc. Did you apply online or at a dealer. You need to talk to the F&I person. DO NOT randomly apply for loans. The dealer may be able to construct a deal they think you can get approved for? If your credit file is less than 3 years old, you will have some trouble getting a large installment loan, regardless of score. And you are right, do not get a co-signer. Do you have any relationship with your local bank or credit union? If so you might try for a smaller loan amount and put down 20-30%. a>
3. With a 729 and no credit history I am guessing you have never purchased a car. Many manufacturers offer first time buyer programs. Perhaps one of them could help you out. If they are not giving you a loan it could be you are on too much car ( making minimum wage and trying to buy a 40,000 suv for example), are too young ( which falls under not enough credit history), or something else. If you do not want a co signer ( which I didn;t when I bought my 1st car but times have changed ) you may be able to do it as you have a nice credit score but will need to pick a I guess you could call it a starter car. Think Yaris, Aveo, Focus, Versa, Fit, and may need to cough up a nice down payment, I am thinking 10-25%. The days of putting no money down to buy a car are pretty much done with for the most part. Good Luck and hope you get one :)
4. you can check out http://www.autoloan123.net my one of friend had recently got a auto loan with no credit from there and also with a low interest rates, you may try this source may this could help you out.
5. try capitaloneautofinance.com or wellsfargo.com or hsbc.com All will probably approve you since you dont have a good score. It also depends on your job. DO NOT get a car from a buy here pay here place. They have junky cars and will rip you off.