Bad Credit Agency

Auto Loan with no credit? If so, how bad is the interest?

I'd like to get a loan for say, $35k, or even better; a blank check. Capital One I know does blank checks, but I'm not sure if they take people with no credit history. I have no credit history and I'm wondering if I can get a loan this way and what the interest rates will be like. Anyone know? I don't have BAD credit FYI, just NO credit whatsoever. I can get a cosigner, but I was also curious if a cosigner can "lessen" the amount of credit that is built on my behalf during the payment period of the car.

Public Comments

1. I've seen one from a friend of a friend with 26%. I just told him to refinance his since I he paid it regularly with no late payments. yes, you can refinance or take of it with his equity line, etc..if you own a home (of course, if there is any equity left on the house)
2. hi I work for capital one and u might have a chance of getting credit for 35k but it all depends on how much money you make a month. If you only make 3000 then dont count on it. now if you make 5000 then there is a chance but your rate will be around 18%-$26% but if you own a house or something large then maybe a little less good luck!
3. No credit history - no $35k, guaranteed! Going to have to build some credit history.
4. I have had some friends try out the website: http://www.barnone.com
5. If you've never had credit before, you won't get a loan for $35,000. You may get a loan for less with a very high interest rate, but with absolutely no history you are going to be a very large risk no matter how much money you make. You'd be better off going to a smaller bank or better yet a credit union that you might do business with. If you've been a member of a credit union for a while with a stable checking account, you'll be in better shape to ask for such a loan.