For a person who is 27 yrs old and who has got a zero credit history, would it be possible to apply for car/housing loan? Some people have been trying to scare me, saying banks will not loan me the money...is it true? The only reason I have zero credit history is cause I was fortunate to get scholarships throughout my college/uni days and got an old car handed down to me from my parents. I have never needed credit cards and I live within my means and have been gainfully employed for 3+ years.
I will want to get a car soon and a house too but I really hope the lack of credit history will not be a major issue.
Can apply car/house loan with zero credit history?