buying a car that is affordable to own

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buying a car that is affordable to own

When I was looking for a new car, I wanted to take my time and make the best possible decision. I wanted to know what car was going to be the most affordable to maintain, repair and drive every day. I wanted a car that wasn't going to rust out or require repairs often. I basically wanted something that may cost me a little more to buy, but would not cost me much to keep for the next ten years. After spending weeks researching different types of cars, I have learned a lot about the different cars on the market and my blog contains everything that I have learned.

Two Tips To Help You Prepare To Get A Loan When You Have No Credit History

It can sometimes be quite difficult to get a personal loan when you have no credit history. Although it seems like an oxymoron, you need credit to get credit. Most people at some point in their lives will need to get a loan, but if they haven't prepared in advance, they could find themselves unable to get the money that they want. Use this information to learn more about two tips that can help you prepare to get a loan when you don't have a credit history.

Ask A Friend Or Family Member To Add You As An Authorized User On Their Credit Card

The first thing you should do is ask someone you are close to if they'd be willing to add you as an authorized user on their credit card. This is an important step because it is the key to helping you get some sort of history started.

When you become an authorized user on someone else's credit card, the payments that they make go toward your credit report as well. If they pay on time each month, this works in your favor because it builds up a good credit history for you. Also, the individual who adds you as an authorized user doesn't have to necessarily let you use the card. Just having your name added is sufficient enough for you to receive credit for what they do.

Keep in mind that you want to make sure that the person who adds you is fastidious about paying the bill on time. If they start to make late payments, this will actually count against you as well.

Get A Secured Credit Card

The next thing you want to do is get yourself a secured credit card. A secured credit card affects your credit just like a traditional card and is actually much easier to get.

To obtain a secured credit card, all you'll need to do is take a few hundred dollars to a local bank and ask to open a secured credit card account. The amount of money that you initially put up will be your credit limit, and as you make your payments each month, you'll be building up a sound credit history so you can increase the chances of being approved for a personal loan.

Getting a personal loan with no credit history doesn't have to be difficult if you just know what to do. Start using these tips right away so you can get the money you need when the time arises. For more information, contact local professionals like Markosian Auto.