Bad Credit RV Loan in Holbrook, New York – With Cosigner $43,000 — My name is M. Allen and I work as a cake decorator in Holbrook, New York. I have bad credit, but want to buy an RV to take my son traveling this summer.
I have a cosigner and the loan would be for $43,000 on the RV. I have worked in my job for a couple of years and am reliable on my bill payments.
My bad credit is due to a divorce from last year, which sent my no good husband packing and left me to take care of my son alone. Can you help me get the RV we need to make this a great summer?
Note from Editor: As it turned out with further emails and communication, this particular applicant does have a steady income from a full time job, just outside of Holbrook, NY. It also turns out that she was planning to leave New York and go on the road with an RV – so in reality, she was planning to make the RV an indefinite home for her and her son.
She said that she is working shift work now which entails working 7 days on and 7 days off, so she plans to live in the RV, work her shift, then go on the road sometimes with her son. Her son is being home schooled of course.
This loan was approved with BOA for a total of $50,000, which was more than enough make sure she purchased a decent quality RV. The RV she bought with the loan was a 2009 Forest River Sunseeker model, which has a generator onboard and enough room for the both of them. These RVs have the E450 Ford engine in them, so allot of power, and allot of gas buring for sure. Propane has a cost as well.
RV loans with bad credit have been applied for 3.6% more in the year of 2011, compared to 2008, 09, 10. This is likely due to the amount of home foreclosures since the great recesssion starting in late 2008. [LL Staff] [Time-Stamp September 21, 2011]
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