A little history: I was thinking of buying a house initially. This summer I applied for pre-approval for a loan of $80K and while I was denied, I was told to re-apply in the fall while my credit had a bit more time to build.
I have very good credit – paid off car, paid off student loans, never late with payments for 6.5 years BUT I do have a bit of credit card debt. I pay on time every month and usually pay more than the minimum payment, but not always.
Now, my plans have changed. I’ve decided to buy a boat and live on it. The boat that I want is used and needs a bit of work, but it’s a good boat and I’ve lived aboard a boat before so I know what I’m getting into. The boat is going to cost me probably $30K overall, but $15K for the boat itself.
With the economy the way it is, will I be able to get a loan for this? Can I get the whole 30 or only the cost of the boat itself? Any advice on the type of loan I should try to get (terms, length, etc)? I know that in the summer, I probably could have qualified, but I’m unsure now and I’ve never had to get a boat loan. My last boat I bought in cash. Thanks!
I asked for honest advice and opinions from fellow Yahoo Answers users, and to those who did just that, I thank you. However, to those scam artists who think that I am stupid enough to apply for a loan from some douchebag with a gmail account, go f*uck yourselves! Your thinly veiled attempts to prey on people less fortunate is despicable and I would like to tell you personally that you are the scum of the earth. Thanks again to those who have legitimately answered my question and have a nice day!
Not realistic now. . . . . . . . . never get 30K without collateral. . . . . . . sorry.
It will be hard right now to get any loan. No matter how good your credit is.
So you have bad credit, right? Doesn’t matter. You still have a possibility of getting loans. You must take utmost care before taking out bad credit loans. Otherwise, the very loan may become a repayment burden and a new debt. Therefore, it is not wise to apply for the first such loan offer that comes your way you must do your homework first and then go well prepared for the loan. First, take out all the copies of your credit report from all the three reputed agencies, instead of having the report from just one agency only. The loan provider may ask for the report from any agency.
http://badcreditloans. awardspace. com/
Check the report thoroughly for any inaccuracies in it. Make sure that all the past payments find a correct mention in it. Secondly, apply for the loans with an improved FICO score. Because of late payments, arrears payment defaults or CCJs in your name, your score has slumped. You should try to pay off some easier debts. Your rating will go up a bit in few months. This will help in winning the loan providers’ confidence to some extent and the approval may be easier to come.
yes its possible for you to get a loan for you. . . . don’t worry its better for you to try for an online loan. i think that the below website will help you to find right solution.
You can try follow this link. And find what you need.