How to get a loan for RV
Looking at all the forums, none are a perfect fit so will ask here, my apologies if not the best sub-forum. Trying to figure out how much I can get in a loan. I need some help with loan basics as ...
Forum Discussion
et cetera wrote:
So now I have a high income, poor credit and no debt load and no credit history. If the banks will give me a 10K loan, I will take that. Maybe I can buy a compact TT. 40K would be better however. I have spent 100K on rent in the last 5 years so it can't be worse than that. My 1980's Airstream was a money pit but not even in the same dimension.
Even buying an 80K RV at a dealership will put me in a better financial situation that renting for the next 4 years. At least I will have an RV at the end of it.
You don't have poor credit unless there is something in your file you are not disclosing. A thin credit profile does not equal poor credit. If you are a high income individual you should be working with your current bank, they know your spending and income habits.
As far as your credit score you say you cannot get. It should have been provided in the disclosures for all the loans you were declined. Each declined app should be accompanied by a letter stating exactly why they declined your request.
There is something that is not adding up that all the financial institutions can see but is eluding your analysis. You need to get a copy of your free credit report from all three reporting agencies. You may need to request it in writing if your challenge questions are messed up. They are free to obtain here
