I’ve been looking in to getting an RV to live on some property I have access to for only utilities, which compared to the house rent I am paying now would be a fraction of the cost I pay monthly, but it seems that nobody will make a loan to someone on SSDI despite the fact that the payments on a three year loan at as much as 20% would be about 1/8th of my income.
Does anyone know if there is a place that gives loans to people on disability, it’s a pretty low end amount that’s well under $10k, and I’m looking for a fairly short term loan at three years or less depending on the interest rate.
Or is it possible to get an auto loan in my situation since technically it is a vehicle and I think they’re supposed to be easier to get than RV loans?
Sure can, but the amount of the loan would depend upon your monthly income. If you have been defined as total and permanent, even better.
Your best bet is go with a credit union, sign up for automatic deposit so they can take out the monthly payments automatically. Get pre-approved for a certain amount, then when you go to the RV dealer, you can get a better price as the financing has been arranged by you.
The creditor knows you have a steady income and do not have to worry about loosing a job.
I have a friend who gets VA Comp for PTSD and lives full time in his RV. He has found a way to live for peanuts a day by volunteering in state parks. Most of the them will provide you with a free campsite which includes electric and water for just a few hours a week of volunteer work. It’s a great way to travel real cheap. He spends 2 to 6 months at various camp grounds.
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November 23, 2008 at 03:16 am
It’s possible, but you should contact a federal office in the local area and speak to an angent about it because there are no sites viewable to the public at the time that will.
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November 23, 2008 at 03:29 am
Sure can, but the amount of the loan would depend upon your monthly income. If you have been defined as total and permanent, even better.
Your best bet is go with a credit union, sign up for automatic deposit so they can take out the monthly payments automatically. Get pre-approved for a certain amount, then when you go to the RV dealer, you can get a better price as the financing has been arranged by you.
The creditor knows you have a steady income and do not have to worry about loosing a job.
I have a friend who gets VA Comp for PTSD and lives full time in his RV. He has found a way to live for peanuts a day by volunteering in state parks. Most of the them will provide you with a free campsite which includes electric and water for just a few hours a week of volunteer work. It’s a great way to travel real cheap. He spends 2 to 6 months at various camp grounds.
References :