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Looking for a boat loan


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Hi. I am looking for a boat loan for about $40,000. I would have a significant down payment. 
 

Right now my credit score is around 675. I am having issues getting a loan due to not having consistent installment loans for 2 years.
 

Does anyone have any places that you know of where I could get this loan?

 

Any help would be appreciated, thanks!

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Welcome.

 

Best practice for paying for a toy is saving and paying cash.

 

If you are hellbent on making years of installment payments on your recreational activities, you might also check Lending Club, Prosper, Lightstream and other places that do personal loans.  The fact that a boat is involved doesn't mean you should limit your options to "boat loans."  Make sure you pay close attention to any origination fees in addition to whatever exorbitant interest rate you'll be charged.

 

If your scores are in the 6s (FICO, as asked above?), it's unlikely that it's JUST the lack of installment history that's holding you back, it's also everything else that's depressing your scores.

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16 hours ago, aferr1981 said:

Hi. I am looking for a boat loan for about $40,000. I would have a significant down payment. 
 

Right now my credit score is around 675. I am having issues getting a loan due to not having consistent installment loans for 2 years.
 

Does anyone have any places that you know of where I could get this loan?

 

Any help would be appreciated, thanks!

 

I'll put a plug in for Lightstream.com.  Their underwriting process is efficient, while thorough.  And their rates are generally competitive.  The following link will take you to their FAQ page, which is exhaustive and informative:

 

https://www.lightstream.com/contact-us

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