How to get Approved for a Car Loan with No jobs
To increase your chances of getting car financing without a job, try these tactics:
1. Research your credit score with all three of the major credit reporting agencies. Your score will vary a bit from one to the next, so find the one that shows your highest score. Bring a copy to the car dealer or lender.
2. Prepare a brief description of your recent employment history - and be ready to explain why you are currently unemployed.
3. Be ready to describe just what you are currently doing to look for a new job and what your prospects are. Find ways to assure your would-be lender that you are a trustworthy person who will soon be employed again.
Getting car financing without having a job is a bit more difficult than if you had steady employment, but do not make the mistake of thinking it is impossible. Follow these tips and you will increase your chances of getting that car.
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