Why not just fix your credit? I've never had lower than 740 my entire life and have seen as high as 830. All I do is use my credit card for the points and pay them off every month to avoid interest. I've taken a few loans for trucks and trailers and never missed a payment. There's no secret to having a good credit score. Just pay your bills on time.
If you can't manage to pay your bills on time you don't need to be borrowing money for a business you certainly won't be able to manage.
Can you get a loan from a bank with bad credit
Discussion in 'Ask An Owner Operator' started by ethridge, Jul 9, 2019.
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bigguns, uncleal13 and Midwest Trucker Thank this.
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You can get a loan but you’ll pay 30% down and most likely higher interest.
Older trucks are between like 10-17% and if you buy newer closer to 7-10%
What im saying is if you’re going to buy a truck from a dealer take a shot at loan mountain leasing
Like 6 years ago I was looking to buy my first truck no credit I was approved with 5k down for the truck I was looking at. At that time was a pro star.
They’re giving away trucks these days because not many people are buying the rates are crap depending on what you use it for
I have 3 trucks now since then and 1 pulls my dry van one pulls my reefer and the 3rd one now I’m setting up to haul carsSurfBaker Thanks this. -
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Last edited: Jul 10, 2019
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Last edited: Jul 10, 2019
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GreenPete359, OldeSkool and Opendeckin Thank this.
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I guess I should consider the crowd before I ask,and from now on just stick to mundane useless questionsp608, FlaSwampRat and uncleal13 Thank this. -
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6wheeler Thanks this.
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Trucking Jobs in 30 seconds
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