There are financers out there that will give him a loan for about 24%, maybe
up to 30%. If he can do that for a year or two, he may then be able to
refinance when he has a credit history. If he's been paying a phone bill and
utilities, those are also part of a credit history. He should be able to get
his leasers, apt. owners he's been paying rent fees to, to provide him
letters of reference directly related to their history with him.
My $0.02
Bob Stevens

http://groups.msn.com/BobsPhotoShare
http://groups.yahoo.com/group/tiico

Subject: (NVC) Vehicle Financing
> Problem:
> He can't get anyone to finance it. He has tried everywhere.Even the
> conventional finance companies.  Part of the problem is his credit
> history.........he has none. He's good pay, but has always been a cash
> on the barrel kind of guy. Always on time with the rent, etc, He has a
> checking account, he has a good paying job, he has good references
> (house lease and all that sort of stuff), etc., but still no one will
> touch him.
>
> Reasons  always given for the turndown. 1) He has no credit history. 2)
> the truck has over 55,000 miles,
> 3) Truck is three years old.
>
> He seems trapped in a bureacrattic fog or limbo.
>
> Anybody got any suggestions??
>
> Regards,
>
> John Rodgers
> 88 GL Driver
>