Loan after bankruptcy
#2
Registered
Join Date: Jun 2012
Location: Erie, pa
Posts: 155
Likes: 0
Received 0 Likes
on
0 Posts
#4
Registered
Absolutely, assuming a boat wasn't part of the BK. Join a credit union. Establish new credit. Might take a few years and you might pay a few points extra. Big banks and marine companies will not touch you with a 10' pole though.
#6
Registered
Join Date: Jun 2011
Location: Thousand Islands area
Posts: 2,349
Likes: 0
Received 4 Likes
on
3 Posts
you have to finish first. Depending on what you wanted Im sure you could find it. I think you would have a hard time finding a bank to loan you 50k plus. Either way nobody big will touch you and I would prepare to have a nice interest rate of at least 10 or higher.
Not to be a dick but if you just got out of chapter 11, is buying a boat really in the cards?
Not to be a dick but if you just got out of chapter 11, is buying a boat really in the cards?
Last edited by soldier4402; 08-21-2012 at 07:10 AM.
#7
Registered
Perfect for someone coming out of bankruptcy... check out the rates on the upper right
https://www.westernsky.com/
https://www.westernsky.com/