Credit Challenged Loans
i have a credit score of 530. i owe 7000.00 on my truck. i also have a personal loan for 1,800.00 that started at 8000.00. its in great standings.my credit report does have medical collections on it and a few slow payments. i have a yearly income of 42,000. i am looking at a 2006 malibu wakeboard boat. the boat that i am looking at is around 55,000 out the door. i have 20,000 to put down. in other words i need a loan for 35,000. is there anyting that you guys can do? thanksHeath, unfortunately our credit score cut off is 640 and with the current environment we will not be able to help you. However, there is a bank in Utah called Merrick Bank that can make a loan for you. If you are purchasing from a dealer ask them if they do business with Merrick or try calling them direct. Good luck with you new boat purchase.
100 Halls Road
P.O. Box 1060
Old Lyme, CT 06371
Fax: 1(866)282-2623
www.beaconboatloans.com