Need to lease or finance a rig but have bad credit

There is a reason your credit score is low, and it could be because of your lack of business ability. Do you really NEED another truck, or just think you do? If you have never driven OTR, it is possible you need some more education in trucking before you expand. Doubling the number of trucks will not double your net, and from what I have experienced over the years, one truck is enough until you learn the business.

 

checking my credit didn't lower my score. and i did a few things all within a week.

car, bike, credit card.

what lowers your credit is having maxed out credit cards. that's the worst. it's also a big factor when banks decline you becuase maxed out cards is a sign you can't manage your credit.

if your going to max out your cards. at least have a zero balance ON THE DAY THEY ARE DUE TO REPORT TO THE AGENCIES.
and no, they don't all report the same way. i have 3 cards. a zero balance each month gives your score the highest rating within the powers of your cards.

second would be unpaid collections. pay off your debt and your get a boost to your score. but there's also a catch and that involves the 7 year statute of limitations. to which you DON'T want that 7 years extended FROM LAST DATE PAID.

third would be loan payments behind. catch up on your payments. and keep clean for 24 months. no one will ever know you were late. your credit profile only maintains 24 months of history.

fourth is your overall debt. the lower the balances on your vehicle loans. the higher your score. but my loans didn't effect me much. compared to rule #1.

i pay $10 a month for my credit reports. i can update one every 24 hours. the other 2 are 30 days.
that's all 3 credit agencies. so yes, i can see what happens to my credit when things happen.

here's the killer though. your fico score is what your baased on. and you don't have access to that.
you can subscribe to fico.com. but even that isn't accurate.

in other words. your score will be lower then what you actually get to see no matter what websight you use.
and your scores will also come up different on each websight.

it's a flawed system and something the govt needs to fix but apparently it's not on there list of things to worry about.

 

Credit Karma offers free transunion ficco credit scores for free. You are also allowed one free credit report a year from annual credit report dot com from all three credit agencies..you can take their offer for a one time payment to see all 3 scores at once. Pulling your own credit will not affect your credit score, but you are right snowwy...there are many different factors that can affect a persons credit score.

I guess my question is...instead of buying a new truck, why don't you have an owner op lease on instead? As an owner it would be a much smarter plan than to buy another truck and have the overhead costs involved then to lease a O/O on.

 

Ok if you have work and you are making (lots? $$$) of money and are in Florida, why dont you hire on an owner operator while you work out the poor credit issues you have?

 

if he had the work and was making the money. he wouldn't be having credit issues. or if he did. he would have taken care of business if he's smart.

 

They NEVER asked me or the other 5 people I refereed for tax returns????

Look in the truck paper, I can't recall the name but there a few companies advertising out of Indiana that are buy here pay here!!

Also try Truckmart out of PA

 

Welli flew in wed nite i picked up my 2010 Pete 387 yesterday from Lone Mountain in Pacific Junction,Ia and drove it home to Evansville,In with no problems.
First let me tell other driver what to expect ,If you fly in they send a taxi for you on them , I flew in late at night so i booked a room in Council Bluffs ,Ia They sent a taxi for me the next morning ,There is a cheap local motel and a cafe down the road from them about !/4 mile. There terms are there terms and they will not budge . So if you do not have money for motel,food,they will not front you any.
I booked a flight and 1st hotel through priceline $209 flight $ 58 motel and $25 for carry on.
$40 taxi ride was on them 1st day ask which truck i said i need to look them over first so she handed me 4 keys to petes and a prostar so climed in look around each one ,went back in hande her 3 keys back said i might wnat to look at this pete a little longer she handed me 3 more keys to other prostar and volvo and a columbia i looked them over adn gave her keys to the others back and went back to the pete got my flashlight out got my fat ### under the truck and looked at the brakes ,drums ,fuel lines,engins for leaks ,tranny ,driveline climbed out went to the top looked at every hose line radiator,ac/alternator and such .
I then got the vin numbers off the truck and went inside to run the vin on rigdig [ they allow you to use there desktop computers] i found it had been in a accident so i called prime the last owner the accident was on 12/22/11 in wyoming so i called prime safety dept explained the deal and he wanted the prime truck number said i do not have that so he looked up the date said we had two accident that date in wy ,i said mm 122.5 he said tyes i have that i said it says 2 trucks involved one was towed he said ours was not towed ,the other truck rearended the trailer, thank you ,
it was about #pm by now so i said i need a dyno done they said great i sadi after i get this done and am good i will pay the down payment so they put 30 gal of fuel in the truck and thats is all they are gonna put into the truck no more ever .so i drove to Select trucks in Council Bluffs Ia to have it dyno and dot insp done they said the dot insp was free this month and the dyno would be $213 with tax i said ok and if they give me a ride to the motel 6 across $48 . So next day have them pick me up the dyno was 87% 396 horse to the ground on a isx 455 cummins, after looking up the meaning of the numbers on the dyno is 80% is considered 100% ok .
Drove it back to LM and proceeded to give them my down payment $5800 called there insurance agent for a quote and it was 1/2 of what my agent back hoem quoted me with one payment Truenorth $265 filled out all the paper work .
The apu would not crank so i told them i will not sign until it worked no problem the fix it and it runs great. So Friday about noon i was ready to go had not gotten my 2290 yet forgot so greatwide was getting close to weekendd so i decided to drive it home ,they give you a intransit paper ,so i drove it 680 mile homes with no problems