Your parents (or anyone else who has good credit, really) will have to co-sign for you. Basically that means that if you are unable to come through on the payments, it goes to them. Everybody wins; except maybe the co-signer. |
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I'm 18 years old and I have no credit. How do I go about taking out a loan? |
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Your parents (or anyone else who has good credit, really) will have to co-sign for you. Basically that means that if you are unable to come through on the payments, it goes to them. Everybody wins; except maybe the co-signer. |
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I'd figure I'd need a cosigner... is there any other way? |
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Not that I'm aware of for someone in your position. |
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DuB is correct. However, - to start working on your credist score in the mean time, get a credit card and start working on your credit score asap. |
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Things are not as they seem
I'll tell you that taking out a loan isn't the smartest idea unless you can make the payments 100%!! |
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Starry starry night, paint your pallet blue and gray,
Look out on a summers day,
with eyes that know the darkness of my soul.
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