My credit score is 537. Bad I know, but could I still finance a boat that costs 10000 or would I get dinied?

Public Comments

1. You are at the bottom as far as credit scores go. 95% of the people in the united states have a higher score than yours. There is an excellent chance you will not only get dinied, but also denied. Do something to fix your credit, that is horrible.
2. you probably can but it would be with a higher interest rate. They probably will want to see at least two or more pay-stubs.they also will want a down-payment.
3. You can get approved for anything you want.... with enough money down.
4. You can get approved , but with about 50% or more down , and your interest rate will be sky high , you may end up paying 20,000 for it by the time things are said ,and done...it just isn't worth it with bad credit . mine was bad but it is fine now , I still refuse to finance anything , after my house is paid for in three years I will never finance anything ever again ..... unless you really just have to have it ......and think it is worth paying double then go for it , after all it's only money , you can make more
5. very bad score...but you already know that. you'd needto be above a 600 atleast. FICO scores will go in tiers. a tier 4 being the worst tier, but at approval rate is a 600 to 630 score
6. Are you kidding? This kind of purchase is a luxury, not a necessity. I would concentrate on paying bills, building credit, and getting back on my feet. When you have the 10 grand cash saved, then buy the boat on credit and pay it off at a faster rate than if you financed it.