Hitting the road in a recreational vehicle is linked to the American dream and everyone strives to achieve it. However, there are plenty of factors that prevent people from actually investing in an RV and taking it across the country.
Among these, poor credit score is the most common reason why people are not able to purchase their dream recreational vehicles. Life can present unexpected challenges, and before we know it, we end up in a downward spiral of poor credit and debt. Banks and other financial institutions usually take your credit into account, and based on your credit history, decide whether to give you a loan or not.
If you have a low credit score or bad credit, banks would avoid giving loans for luxury items.This is where No Credit Campers come into the picture! We offer RV loans to people with poor credit or no credit! While banks rely on credit reports, our company gets you the financial aid you need through other lenders and institutions that don't take credit scores info consideration.
Our Procedure
The first thing you would need to do is fill out an online form and provide verification of your true identity. Once you have filled out the form, we start seeking different methods to get you the finances.
However, there are certain requirements that have to be met before applying for an RV loan:
The applicant must be older than 18 years
They must be a U.S citizen and permanent resident
They must be employed or should have a steady income
The applicant must have a bank account.
After we have chosen the right means to get you the funds, the lenders will verify your identity and other details, and will send you an agreement based on your request. Our team thoroughly goes through every contract to identify loopholes and illegal regulations.
Once you have gone through the document thoroughly and have signed it, we will proceed with the process and get you that loan for the required down payment. The biggest aspect of getting an RV loan on poor credit is to choose the right recreational vehicle.
Choosing the RV
While there is a diverse range of recreational vehicles that are ready to hit the road with you, there are different categories of RVs. You can choose between a motorized RV or a towable RV.
The motorized one is usually more expensive, while the towable ones are economical and weigh less. This makes it easier to haul towable RVs. But if you decide to purchase a towable one, you might have to get a license if the vehicle weighs more than 26,000 pounds.
RVs are usually categorized by sizes and class. Class A RVs are the largest, and usually weigh between 13,000 to 30,000 pounds. Class B RVs are rather smaller and weigh between 6000 to 8000 pounds. While Class C RVs weigh somewhere between 10,000 to 12,000 pounds.
So, for Class B and C your regular license would do, but, in case you are going for a heavier one, you should check with your state DMV.
Apply today through our website and get your dream RV today!
