Bad Credit Boat Loans Division
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Bad Credit Boat Loans
SeaDream’s Bad Credit Boat Loans Department specializes in mid-tier credit score and sub-prime marine financing programs. SeaDream can assist those with less than-perfect-credit or credit challenges with flexible boat financing options. Our mid-tier programs enable consumers to secure competitive financing even though they don’t qualify for mainstream lending programs. Additionally, SeaDream offers sub-prime boat financing which allow those looking to re-establish / rebuild their credit rating an opportunity to do so all while enjoying a fun boating lifestyle.
SeaDream’s mid-tier and bad credit boat financing programs offer you a variety of options to fit your needs:
• Financing up to $60,000
• Minimum Down Payment: 10% +
• Loan Terms up to 12 years
• Simple Interest Financing with No Pre-Payment Penalty
• Standard Fixed Rate & Short Term Fixed Programs
• Interest rates vary from the low to high teens
• Boats may not be older than 10 years
In order to better determine if you are a good candidate for a boat loan please answer the following questions:
1. Does your FICO score fall below a 525?
a. Click here to obtain a free copy of your credit report.
2. Do you have any large unpaid accounts such as collections, charge offs, tax liens, repossessions, child support?
3. Have you been recently late on paying your current home mortgage, auto payment, or recreational loan?
4. Past bankruptcies are usually not a problem unless of the following is true:
a. Have you filed for bankruptcy more that once?
b. Have you filed for bankruptcy within last 24 months?
c. Do you have any open or unpaid accounts after the bankruptcy
(collections, charge offs, tax liens, child support, etc)
5. Do you have 24 months of established installment credit (home loans, car loans, recreational loans, motorcycle loan, signature bank loans, etc)?
Note: credit cards are not considered installment credit.
6. Does your monthly Debt to Income ratio currently exceed 40%?
a. To calculator your Debt to Income ratio – Click Here
7. Is the boat you're looking to finance more than 10 years old?
If you answered "No" to the previous questions please call 949-515-2362 for more information on our mid-tier and sub-prime marine financing programs. You may qualify. Our service-oriented and friendly staff of experienced boat finance professionals will work with you, one-to-one, every step of the way to get you the boat of your dreams and get your credit rating back on track. *
If you answered “Yes" to any of the previous questions you may not qualify for our sub-prime marine loan financing programs. To learn more about increasing your chances of securing boat financing SeaDream has put together a series of boat financing tips. After you have taken measures to increase your chances of being financed SeaDream will work with you to get the best possible boat loan.
*Note: These parameters are only a general guideline and may not guarantee a
loan approval.
SeaDream’s mid-tier and bad credit boat financing programs offer you a variety of options to fit your needs:
• Financing up to $60,000
• Minimum Down Payment: 10% +
• Loan Terms up to 12 years
• Simple Interest Financing with No Pre-Payment Penalty
• Standard Fixed Rate & Short Term Fixed Programs
• Interest rates vary from the low to high teens
• Boats may not be older than 10 years
In order to better determine if you are a good candidate for a boat loan please answer the following questions:
1. Does your FICO score fall below a 525?
a. Click here to obtain a free copy of your credit report.
2. Do you have any large unpaid accounts such as collections, charge offs, tax liens, repossessions, child support?
3. Have you been recently late on paying your current home mortgage, auto payment, or recreational loan?
4. Past bankruptcies are usually not a problem unless of the following is true:
a. Have you filed for bankruptcy more that once?
b. Have you filed for bankruptcy within last 24 months?
c. Do you have any open or unpaid accounts after the bankruptcy
(collections, charge offs, tax liens, child support, etc)
5. Do you have 24 months of established installment credit (home loans, car loans, recreational loans, motorcycle loan, signature bank loans, etc)?
Note: credit cards are not considered installment credit.
6. Does your monthly Debt to Income ratio currently exceed 40%?
a. To calculator your Debt to Income ratio – Click Here
7. Is the boat you're looking to finance more than 10 years old?
If you answered "No" to the previous questions please call 949-515-2362 for more information on our mid-tier and sub-prime marine financing programs. You may qualify. Our service-oriented and friendly staff of experienced boat finance professionals will work with you, one-to-one, every step of the way to get you the boat of your dreams and get your credit rating back on track. *
If you answered “Yes" to any of the previous questions you may not qualify for our sub-prime marine loan financing programs. To learn more about increasing your chances of securing boat financing SeaDream has put together a series of boat financing tips. After you have taken measures to increase your chances of being financed SeaDream will work with you to get the best possible boat loan.
*Note: These parameters are only a general guideline and may not guarantee a
loan approval.
