 | My credit score is 537. Bad I know, but could I still finance a boat that costs 10000 or would I get dinied? |
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Question: My credit score is 537. Bad I know, but could I still finance a boat that costs 10000 or would I get dinied?
Answer: -You probably can but it would be with a higher interest rate. They probably will want to see at least two or more pay-stubs.they also will want a down-payment. -You are at the bottom as far as credit scores go. 95% of the people in the united states have a higher score than yours. There is an excellent chance you will not only get dinied, but also denied.Do something to fix your credit, that is horrible. -You can get approved , but with about 50% or more down , and your interest rate will be sky high , you may end up paying 20,000 for it by the time things are said ,and done...it just isn't worth it with bad credit . mine was bad but it is fine now , I still refuse to finance anything , after my house is paid for in three years I will never finance anything ever again ..... unless you really just have to have it ......and think it is worth paying double then go for it , after all it's only money , you can make more
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