Beacon boat loans: Credit Challenged Loans FAQs: Beacon was able to approve me for a boat  

Credit Challenged Loans

Beacon was able to approve me for a boat loan even though my credit score was only 618. The problem is the interest rate is very high. If I make my payments on time at what point will I be able to refinance into a lower rate loan?

If you make all your boat loan payments on time and keep all of your credit up to date, after 12 months we may be able to refinance your loan at a lower rate of interest.


Beacon Marine Credit
100 Halls Road
P.O. Box 1060
Old Lyme, CT 06371
Phone: 1(888)656-9400
Fax: 1(866)282-2623
www.beaconboatloans.com