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Self employed

Hi I would like to buy a new car yet I am self employed and still living at home. I am 22 the loans I have looked at have all said I'm no.
How do I get a loan, i have no credit history. help
jake

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You don't.

    With no credit history, and a string of declines, it's time to start saving.

    Don't worry, saving is just like a loan, only in reverse and cheaper.
  • Ilona
    Ilona Posts: 2,449 Forumite
    Hi I would like to buy a new car yet I am self employed and still living at home. I am 22 the loans I have looked at have all said I'm no.
    How do I get a loan, i have no credit history. help
    jake

    As living at home is generally cheaper than going it alone with renting or mortgage, you should have plenty of opportunity to save. As the previous poster has said, it's a reverse loan. Put money away weekly and after a period of time, you have enough to buy a car. Win Win.

    Ilona
    I love skip diving.
    :D
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