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    roxy417's Avatar
    roxy417 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 4, 2010, 03:47 PM
    How to acquire a loan with no prior revolving credit?
    I have a credit score of 725 but I don't have any revolving credit and it is preventing me from gaining a car loan. Any advice?
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
    		  
    #2

    Mar 4, 2010, 05:23 PM

    That really shouldn't matter except that they seem to be looking for "history" to assist in giving you the loan. Have you tried other loan companies?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Mar 4, 2010, 08:23 PM

    Try another car loan place, another bank, and esp credit unions. With a good credit score, that should not be a issue with most lenders
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