Can you get a small loan with no credit?

Question by someonewhocares: Can you get a small loan with no credit?
My boyfriend wants to buy a small trailer house for $ 15,900 and needs a small loan. The only problem is he’s only nineteen and hardly has any credit at all. Is there any way to take out a small bank loan of about $ 15,000 with no credit? If not, any advice??? He has to move out very soon!

Best answer:

Answer by psunuc

Since he is financing it almost 100% this could be tough. Most likely he will need someone with good credit to co-sign the loan for him.

This means that they will pay the loan payments if he does not or can not for some reason.

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