Engine Overhaul Financing

Speaking of which... I contacted Transport Funding (my financier) and I told them that the loan does not appear on my credit report. They said that it will only appear on another "transportation" credit report, not the "consumer" credit report.



i talked to my finance guy here and he said that is correct, u have a consumer and a trasportation credit report, if the loan company just deals in transportation end of loans, ( truck, trailers) then tha loan will never go on your consumer credit report, it may though if u are behind or get it repoed.. if u get your loan through a regular bank then they may put it on your consumer credit report. transportation credit report is called paynet


he also told me the banks do not go soley off your credit score but alot on work history, paying on time, and your amount of debt

he is still looking for a place that will do engine overhaul fiancing

 

Then I would not be looking at a $15000-$20000 o-haul,Find a small shop or engine guy that will not rip you off. Alot of times the best mechanics don't work at a new truck dealership, and you shouldn't have a problem getting it done for $8000-10000

 

So if you've never had a loan for a "big truck" before, does that mean anyone can get one? I don't have the best credit, would it be hard for me to get a used tractor financed?

 

I don't have so much as a parking ticket on my driving record. Never had a verbal warning (knock on wood) or anything at all. However, my credit isn't the best so that would probably hinder me. I have had small business loans for $10,000 and $12,000 commercial mowers that I always took care of, but i've got into a bind with other things in the past, 3 or 4 years ago.