Some people find that they just don’t have a credit problem, but they have no credit. What should you do about this? There really is nothing that you can do about having no credit, except trying to build some credit. You can easily build credit by opening up some credit card accounts before you plan on going for your car loan.
The more cards that you have you will increase your credit rating. You should open up some credit card accounts by simply applying for the cards, using them once or twice, and then going for a loan in about six months or so. You should try to open up the lines of credits way a head of time. It takes some time to find the right car and to define what you are looking for. If you are worried that you have little credit, open up some accounts, but then you have to wait a couple months for it to affect your rating.
Even though your credit rating is important you should know what else the creditors are looking for. The only thing that this card companies care about is if you are going to pay them back in full or if you will stiff them on the bill. The reason why it takes an hour or days for you to get approved for a credit car loan is...