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11krcford's avatar
11krcford
Explorer
Jun 17, 2014

Rv financing

Hello fellow campers. We would like to get into a newer TT .Low creidit score is stopping us to get a loan.Does anyone know were to get a loan with a low fico score?thanks for the help

12 Replies

  • First off welcome.
    Second, you posted in the wrong forum. I have asked the moderator to move it for you.
    Now, to your question. Interest rates are based on your credit score. Low score, high interest rates or no financing. I think you would be far better off repaieing your credit rating first before you go into debt for a depreciating asset. If you really want to get an RV, start selling other stuff,get out of debt, and prove to your lenders you are a good credit risk.
  • 11krcford wrote:
    Hello fellow campers. We would like to get into a newer TT .Low creidit score is stopping us to get a loan.Does anyone know were to get a loan with a low fico score?thanks for the help
    If your score is very low you may have to bite the bullet and wait. I have just recently looked for financing on a new unit and the cheapest rate that I found locally was 6% and that was with a FICO score of 830. It seems like the days of easy money may be a thing of the past.

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