i just turned 18yrs old and i dont have a credit history but i want to buy a used bike but i dont have enough money so im looking for a loan to help to pay it off or perhaps a credit card?? thanks
2007-11-08 13:41:04 · 5 answers · asked by angel 2 in Business & Finance ➔ Credit
Save up and pay cash. believe me it will ride better if its not dragging a payment book behind it.
Debt Free is Definitely the way to be.
2007-11-08 17:05:08 · answer #1 · answered by heybulldog 5 · 0⤊ 0⤋
Credit card companies will often give people like you a 2-300 credit limit. Be careful with credit though, it can be your best friend or your worst enemy (for life).
2007-11-08 21:44:11 · answer #2 · answered by raringvt 3 · 0⤊ 0⤋
no credit is better that bad credit. but you will need a co-signer in order to get a loan. usually a parent is best in this situation. (co-signer must have a decent credit score).
also, fyi, banks will have the best interest rate and best chance of approval, as opposed to loan agencies.
2007-11-08 21:50:41 · answer #3 · answered by **Julie** 1 · 1⤊ 1⤋
Join a credit union. They are usually more liberal with their lending policy.
2007-11-08 21:53:20 · answer #4 · answered by cattbarf 7 · 0⤊ 1⤋
Why don't you SAVE UP and PAY CASH. You don't need to finance a USED BIKE.
2007-11-08 21:47:12 · answer #5 · answered by Anonymous · 1⤊ 1⤋