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Can you negotiate on an interest rate with little or no credit history?

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βˆ™ 2006-08-28 00:26:41

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Whether you have credit history or not, you can still get a good rate. The best way to negotiate is to ask "is this the best you can do?" and then tell them you will check around. Compare rates and use the rate comparisons to talk each bank down. For example, saying "Bank of America can do better, can you beat this?" Then tell them you will think about it while going back to the other bank to do the same thing.

2006-08-28 00:26:41
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Q: Can you negotiate on an interest rate with little or no credit history?
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