Having a low credit score can make it difficult, even impossible, to get approved for a car loan. But one man found a loophole to get approved for a loan. His method was so unconventional that even the car salesman was surprised.
TikTok creator Odanis Salomon (@odanis.salomon) posted a video about the situation and what it makes him think about the state of car loans.
“Some of these banks are doing crazy loans. Let me tell you,” Salomon says.
He explains that he had a customer come in last month with a 502 credit score. Experian describes this as a "very poor" score.
Salomon says he was able to get the customer approved for a loan, but not with the terms he wanted. According to Salomon, the man wanted to put $0 down on a Mercedes-Benz. The answer was a firm no.
