Hi there – thanks for your question! We actually specialise in bad credit boat loans – meaning applicants with a history of financial difficulties can still find an affordable deal on the boat they want.
It’s worth noting that poor credit boat loans come with higher interest rates – as people with lower credit scores present a greater level of risk to lenders. However, as a boat finance broker, we work with a diverse panel of lenders – increasing each applicant’s chances of being approved for a loan, regardless of their credit history.
We’re interested in what you can afford now, rather than any financial struggles you’ve faced in the past – and we provide a variety of boat loans for bad credit holders looking to bypass the up-front payment and repair their credit rating in the process.
If you’re looking to buy a boat with bad credit, our marine mortgage calculator is the easiest way to get an online quote before you commit to an application. Try it now for a look at how your credit score will affect your APR rate – and if you’re confident you can afford the monthly repayments, apply for a bad credit boat loan online.
