how can i be guaranteed a loan wen i havent got any credit in the past?

Question

iv tried numerous times but keep getting rejected

Answer 1

Most financial institutions are extremely wary of lending money to folks who can't prove they are fiscally responsible.

Depending on the size of the loan, they may ask for some form of collateral. Or they might insist on a co-signer to the loan who has a clean and proven credit history.

There are some companies, I believe, who advertise that they provide loans to people with no credit/bad credit but usually the interest rates are killer and they may not even be fixed rates which means there is a greater risk for you to default on the loan if the rates go too high for you to keep up with.

Try applying for a credit card through Capital One to start establishing your credit history. Make purchases and be sure to pay the card in a timely manner to improve your rating.

Answer 2

Right first of all you need to stop trying to get credit. Every time you apply you get credit checked and these checks all get saved against your name. If you have applied for quite alot of things in one go they refuse you straight away. You now need to wait for 6 months before you try again, or you will get blocked straight away.

After you have waited the 6 months you need to take alot into consideration
Your bank will only give you a loan if you have a wage paid in and leave some money in every month
No other bank will give you one as you don't have a credit score
If you try to purchase something on hp which is easily disposable of say a laptop you will get refused

What do you need the money for?
If it's for a car after the six months you will be able to get one, as you can't get rid of it easily
Build your credit rating up, get a credit card capital one accept anybody, their interest rates are quite high, so pay off your balance every month don't just pay the minimum ammount or it will cost you a fortune. This will also show other lenders that you can afford credit.

Hope that helps you

Answer 3

If you own yor own home you can refinance and pull cash out to pay off your credit card bill and raise your credit score dramatically. Or if your looking to buy a home I can also help you. I work for United Lenders Group and I work with over 45 different banking companies so I could get you a mortgage loan no matter how bad your credit is or how much in debt you may be
916-606-1090
keyon

Answer 4

You are going to have to start with a credit card that most people dont like the get. Sometime along the line of a Walmart card to etablish your credit.

Also check out Capital One cause they have a pretty good program to get you started.

Answer 5

You can first apply for a credit card, if you credit is less than perfect try Capital One, is a good choice to start with and work you way up from there, use it wisely and pay on time and you'll be fine. That credit card is good for new starters in credit.

Answer 6

Try taking a shotgun and a balaclava with you next time you go in a bank, beauty of this method is no repayments

Answer 7

you have to start out with a small loan, or get a co-signer.

Answer 8

have you a regular income?? where in ireland you from?? snap...pm me if you wann chat ..michelle22gal...if you have a regular income you should have no problem...have you tried the credit union??

Answer 9

put up collaterol. like the deed to a house or car.

Answer 10

Have a look here, there are oodles and oodles to check out

http://uk.search.yahoo.com/search?fr=ybr_bt&y=y&p=loans

Wish you luck :-) have a nice day :-)