Checking your credit history will do no good
No Credit Car Loans: Pros
The primary advantage of a no credit auto loan is it gives you the ability to purchase a car – even if you have no, low, or bad credit.
Let’s say you’re a first time car buyer and you’ve had no credit before. There’s no way for a lender to evaluate your credit worthiness, so you’re being turned down for conventional loans. With a no credit car loan, you can begin to establish credit, so the next time you need something on credit, it will be easier to qualify (assuming of course you repay the no credit loan in exemplary fashion). (more…)