i am looking for a loan to buy a rv but we have a bankrupsy in 2003 .we have a 1995 winabago to used as a trade in .the bankrupsy is all paid off and we have the title.can anyone help?.
Don't listen to the previous answerer… your discharge from BK was 3 years ago, and you have options. Now the question is, how much interest do you want to pay. If you go for a run of the mill RV loan or personal loan, you'll likely pay double digit interest.
Otherwise, take out a home-equity line of credit (HELOC). You own your home, and don't owe anything against it, and a bank salivates when it sees home equity collateral. You'll get your RV, some HELOC peace of mind, and you won't pay through the gills for it. Good luck!
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October 22, 2008 at 07:17 am
if you declared bankruptcy only 3 years ago, you have no business buying a new RV. Right now the only thing you need to focus on is what's essential. also, bankruptcy stays on your record for 10 years.
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October 22, 2008 at 07:25 am
Don't listen to the previous answerer… your discharge from BK was 3 years ago, and you have options. Now the question is, how much interest do you want to pay. If you go for a run of the mill RV loan or personal loan, you'll likely pay double digit interest.
Otherwise, take out a home-equity line of credit (HELOC). You own your home, and don't owe anything against it, and a bank salivates when it sees home equity collateral. You'll get your RV, some HELOC peace of mind, and you won't pay through the gills for it. Good luck!
References :