Can you get car financing without a credit check?


Quick Answer

It is possible for a borrower to get car financing without a credit check, according to CarsDirect. To secure the loan, an applicant for no-credit-check financing only needs a proof of residence and a pay stub showing her monthly income.

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Full Answer

A lender may offer a no-credit-check loan to a borrower who has either a poor credit score or no prior credit history, states Autobytel. Car financing without a credit check provides fast loan approval and does not require a background check of the borrower. However, such loans feature higher interest rates than conventional loans. A borrower who has poor credit should use a no-credit-check loan cautiously, because dependence on such financing may get her in more debt, suggests CarsDirect.

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