Do you dream of living the full-time RV life and imagine cruising down the highway in a luxury motorhome? Perhaps you enjoy weekend getaways in the wilderness. Is there an RV that can get you to the river’s edge with little fuss.
Whatever your vacation personality, you’ll find an array of RVs to fit your style and meet your needs.
When you start shopping, you’ll also find a range of financing options. Whether you have stellar credit, or you’re working on clearing up a few blemishes, consider no credit check loans.
Yes! We said no credit check RV loans, and in today’s post, we’ll explore how you can get one!
Read on and explore this funding solution before you fall in love with your dream RV.
How Do No Credit Check Loans Work?
If you’ve ever applied for a car loan, personal loan, or a home mortgage, you may recall filling out a lengthy application—either online or on paper.
As part of the loan application process, you agreed to a credit check. The finance specialist who helped you get your financing performed a hard pull of your credit file. They may have also contacted your employer, asked for proof of income, and looked at other details to help them evaluate your financial history.
When camping enthusiasts apply for no credit check RV loans, they won’t see a hard credit pull on their credit report. That said, some lenders may do a soft pull, which doesn’t affect your credit score, but does help a lender put together your financing package.
In most cases, a decision on a loan application only takes a matter of days, sometimes hours. You’ll quickly whether you qualify. Then, you’ll move forward in the process of ordering your RV for pick-up or delivery.
All Applicants Invited
The beauty of a no credit check loan when buying an RV is that no credit situation is off-limits. Traditional loan programs often exclude people with what they consider risky credit situations, including:
Bankruptcy
Poor Credit
Self-Employment
No Credit History
They typically don’t take into account that a persons’ current financial situation may not be indicative of their ability and motivation to repay a loan.
When you see Buy RV—No Credit Check on the marquee of an online or brick and mortar RV dealer, don’t hesitate to apply for financing, even if your current financial situation makes it seem like you would never qualify.
Which RV Can I Buy Without a Credit Check?
A common misconception about no credit check RV dealers is that they limit the types of recreational vehicles you can buy. The truth is you can buy whatever RV you fall in love with, provided the cost doesn’t exceed your available funds.
For living the RV life, look at motorhomes and fifth wheel travel trailers. If you prefer a compact RV experience, choose a pop-up camper or light travel trailer. If your camping equipment includes ATVs, dirt bikes, or kayaks, go with a toy hauler.
Did you know the RV industry even offers destination campers? If you’re looking for a home on wheels and you have a truck big enough to tow it, a destination camper can make you, and your guests feel downright pampered. Designed for seasonal use at an RV or mobile home park, these campers come with many of the amenities (and more) you enjoy at home.
Be aware that most RV loans available without a credit check come with a maximum limit. You may not be able to buy that shiny straight off the showroom floor motorhome, but you will find a wide range of pre-owned RVs at attractive prices.
Qualifying for a No Credit Check RV
Before you submit your loan application, please take a few minutes to go over what most lenders consider their minimum requirements to approve an RV loan.
First, are you at least 18 years-old? At age 18, you’re an adult and can sign a contract, which is part of the loan process.
You’ll need to provide a permanent address in the US. Most lenders require that you have US residency as well. Don’t forget to include your other contact information—lenders will expect you to provide a valid phone number.
Even though they won’t do a hard pull of your credit file, it doesn’t mean you don’t need to include your financial information on your application. Lenders verify income, whether it’s through an employer or self-employment.
Finally, you’ll need a bank account where your lender can send the direct deposit of your funds.
Gather Your Documents
No credit check means just that—your lender will not use the financial history contained in your credit file to process your loan application. They will still verify your identity, employment, and your bank account.
You can help the loan process move forward faster by making sure you have the following if your lender asks:
Copy of Your Government-Issued Photo I.D.
Most Recent Pay Stubs
Most Recent Bank Statements
If you’re self-employed, a lender may ask for tax transcripts. Each lender uses its own criteria when approving loans. Better to have your documents in one place before you apply so that your funding isn’t delayed.
What Are the Advantages of Not Getting a Credit Check?
You are financing your RV without a credit check and reams of paperwork to sign. It sounds too good to be true! In reality, it’s a way you can get started on the RV life without a bunch of red tape and weeks waiting for loan approval.
Benefits for RVers who choose a no credit check loan, include:
Quick Approval
Fast Deposit of Funds
Reasonable Rates
Manageable Payments
One of the most significant benefits is working with people who won’t judge you because you’ve hit a financial roadblock.
Looking for No Credit Check RV Dealers?
Now that you’ve explored an alternate way to fund your RV vs. conventional financing, you can almost feel the wheels turning as you set out on your next adventure!
You’re likely wondering how you can find an RV dealer that offers no credit check loans. Aside from searching for no credit check RV near me, you can apply for your financing with a company like us that will find a dealer for you.
If you’re ready to get on the road, get started today by submitting your online request for financing. Happy travels!
