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Tip #4: Re-assess your situation: Will ship loan funding be right for you?

Tip #4: Re-assess your situation: Will ship loan funding be right for you?

You’ve began taking a look at some ships, and also you’ve very very very carefully considered where you stay economically. Remember that you should have difficulty getting credit that is even bad loans using the after problems in your credit rating:

  • A ratio that is high of to earnings, over 45%
  • A few bankruptcies
  • Absolutely no way to confirm your earnings, such as for instance pay stubs or a jobs page
  • Little history that is past of loans down in installments
  • No ownership that is current of ship
  • Unpaid liens

You may need to wait before you can successfully apply for boat loans for bad credit until you have cleared up some of these issues.