My credit is not that good. Its like a 550 and my husband and I are trying to trade our old horse trailer and get a new gooseneck. Does anyone know of any companies that will do a credit score that low?

Not to pry, but with numbers that low, why would you be wanting to acquire MORE DEBT at this particular time...

There are always companies that will loan you money...but the rates might be rather usurious!!!

Its the American way, why own anything when you can "borrow" it?

Well everyone else is talking about your score. We were in the same position when we got our Sundowner. There are alot of things that can cause you to have a lower score. So you know what you can afford. Yes the interest rate will be higher but you can later refinance.

Check out www.dhmco.com. They are who we worked with for the last 2 horse trailers that we purchased. They are great people.

Good luck.

Do you own a home?  Perhaps a home equity loan.  The rates are quite low usually and you can use the money as you like.

For what it's worth, I'm 23 and while my credit isn't BAD, I just don't have a lot of it. That was my problem when trailer/RV shopping.  Dixie horse & Mule co.  approved me for purchase of a $45,000 brand new LQ trailer for about $515 a month (for the next 15 years of course and with a co-signer) but they really worked with me to help me get my dream trailer.  I decided not to go into debt for the next 15 years of my life and bought a nice used trailer for $10,000 which my dad took from the home equity line of credit. Interest rate is very low, and now I'm just paying him back.  Just see what DHMCO can do for you.  If nothing, improve your credit and try again later.

Amanda

I take it you have contacted the three reporting agencies and placed your story in your file to counteract the credit card companies?

Unfortunately...cancelling ALL of your cards helped to lower your rating...

Like others said...home equity is an option...

And Dixie seems to be a VERY REPUTABLE TRAILER OUTFIT to check out...

Hounddog is spot on in his description of selling to purchasers with a low credit rating. Many of the present housing market problems are a result of the same practices. How many used car lots sell the same automobile numerous times, after reprocessing the cars for late and non payments?

Envision Hounddog's description of the high fives, and self congratulatory actions at your expense. You do not want or need, predatory people, taking advantage of your temporary financial difficulties.

If it means doing without for a short time to rebuild a credit rating and your own self esteem, then do without. It will be better for you in the long run. Don't feed the leeches who pat you on the back with one hand, while holding a knife in the other. Their smiles of "friendship" only last until you turn around, then they turn into a smirk.

Gard

Not everyone with a less than desirable credit score is a bad risk - and circumstances make a big difference. 

Obviously dealers will prefer excellent credit risks but there are a few of these business people that will occasionally make an exception to a high risk buyer - after actually listening to their circumstances.  Every situation is unique.  Not all dealers who work with those that have bad credit are predators, but the warning is appreciated.  

I've even sold a farm to folks with bad credit, I did my research and believed they had an unfortunate string of circumstances.  I wanted to sell, and we all won.  That was nearly 24 years ago and it worked.