| Credit Union's Rock
Quote:
Originally Posted by MelissaM  Well I hit my first roadblock. No financing. I found a 23' I wanted, and I pretty much decided on that size.
The banks gave me a big thumbs down.. I have good credit, a high credit score, but not enough credit. They are holding it against me that I own my car, ( a new car) my house etc. I could afford to buy it outright, but I would rather keep that money where it is. Apparently just having one am ex on your credit and a ton of assets is not enough. 
INSANE! The rv industry is hurting, I can see why. The banks wont take ANY risk. | Try a credit union.
Explain your particulars.
Offer to use collateral to finance. At my credit union they suggested using my boat as collateral to buy a 4 wheeler. She said leave the house unencumbered in case anything happened. I liked that logic. It ended up as a business deduction. All very up and up too.
__________________
Robert
"Talk is cheap, Airstreams are expensive," Wally Byam.
Buy in haste, repent at leisure; been there, done that.
"You cannot rush quality," fastRob.
|