SeaDream can help people that have less than-perfect-credit or credit challenges with versatile watercraft funding options. SeaDream’s Bad Credit Boat Loans Department focuses on mid-tier credit score and marine that is sub-prime programs.
Our mid-tier programs will assist you to secure competitive funding even when you may well not be eligible for today’s prime price. SeaDream now offers sub-prime motorboat funding programs, allowing one to re-establish / rebuild your credit score while enjoying the fun lifestyle that is boating.
With funding up to $100,000, SeaDream’s mid-tier and sub boat that is prime programs give you many different choices to fit the bill.
Bad Credit Boat Loan Terms
- Loan Terms as much as 15 years
- Simple Interest Financing without any Pre-Payment Penalty
- Standard Fixed Speed & Short Term Fixed Products
- Interest levels differ from 9.95 – 17.99%
You meet the following minimum qualifications before you apply please review the following to ensure:
1. Loan Qualifications:
- Minimal Advance Payment: 10% +
- Boats May Not Be More Than 15 Years
- Devices Which Do Not Qualify: Powerful Boats, Commercial Vessels, & Houseboats
2. Credit Profile Parameters:
- Credit Score / FICO rating should be 550 or Above
- If you should be not sure exactly what your credit that is current score, click Credit Reports to obtain a duplicate of the credit history.
- Combined Unpaid Accounts Must Certanly Be Lower Than $25,000.00. Records consist of:
- Collection reports
- Charge offs (unpaid reports written down because of the creditor)
- Repossessions (automobile, watercraft, rv, etc)
- Home foreclosures
- Son or daughter support payment
- Tax liens
- Present payment that is latein the last thirty days) regarding the Following Accounts Will Disqualify:
- Homeloan payment
- Investment home homeloan payment
- Car payment: car, rv, motorboat, etc
- A Prior Bankruptcy isn’t Usually an issue. Sigue leyendo Dealing With Credit Challenged Users Since 2002