Question

need loan for a truck and have bad credit?

I'm starting a business and looking for a truck to pull a big trailer all over the country. i have bad credit do to a divorce and a bankrupcy. I would like to better my self by making my credit better again.

6 years ago - 4 answers

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6 years ago

Other Answers

That's a great goal but it's something that's going to take time and effort.

In this economic climate, there's no way you will get a loan.

by maxmom56 - 6 years ago

Okay? I think you are better off paying cash for an older truck, or financing a small amount. So you can try to rebuild your credit. Than when you have most of your credit cleaned up, try apply for a loan on a newer truck.

by quepasameng - 6 years ago

Good luck with that.

Owner/operator is hard to get into unless you have a good truck, and with bad credit I doubt you would qualify for a loan...most trucks go for well over $50k. Even on the low end models.

Your best bet would be to work for a trucking company and pay your bills.

Some companies offer driver lease programs, where you basically purchase the truck from them.

Good luck.

Source(s)

by lunartic5 - 6 years ago