NYCgrrl wrote:
donn0128 wrote:
Getting a loan on a used RV could be problomatic depending on your credit score. Add no permanent address and you may find your self out of luck.
This is an important detail. As far as I can tell, having a credit score north of 600 means you're pretty much okay there. Is this not accurate? In terms of address - I'll have a permanent address when I apply for the loan. It's unclear to me how they would even know, or why they'd care, what my address was a month or two later. I'd plan on signing up for a mail forwarding/scanning service with PO Box in Florida anyway.
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As a former owner of a property management firm I can say.........yeah they care about your longevity at each address; shows your ability to live up to smaller agreements and such.
Andddd if they don't it's their business but not how I would operate. As for a mail forwarding service anyone worth their salt can sniff that out.
My suggestion? Just lay your cards on the table since the truth goes far longer than anything else.
HTH
I guess I'm not clear on the process here.
So,
1) I live in DC, have a permanent address there.
2) Apply for loan with said address.
3) Receive loan, purchase RV, registered to my DC address.
4) Load stuff into RV, leave.
5) Drive to Florida, re-register, obtain forwarding service, establish residency in Florida.
How after step 3 is the bank going to be involved again unless I stop making payments? Even when I re-register and the title notes the lien from the bank, so what? How does the bank have the right to tell me what my living arrangements are allowed to be? As long as they're getting their money, what's the issue?
Thanks again.
