Open
9
Sep

Things to Know About Truck Loan Requirements

Share Us On:



Things to Know About Truck Loan Requirements

If you would like to obtain truck financing, then you should know that obtaining a commercial truck loan is more complicated than getting a loan for a conventional vehicle. Many people quickly become overwhelmed by the number of rules, regulations, and general red tape involved in trying to get a commercial truck loan. However, it doesn’t need to be an arduous or confusing ordeal, as taking the time to review your options, and go over your financial data, will increase your chances of getting a truck loan. In some instances, you may need to go through some legal proceedings to…

Read More
0
Comment


30
May

How To Get A Truck Loan After Bankruptcy

Share Us On:



You hadn’t even entertained the possibility of going bankrupt until it happened, right? Do not worry – you are not alone. Many honest people find themselves neck deep in debt, unable to pay back creditors. It is difficult to re-establish a respectable credit rating post-bankruptcy, but this should not necessarily limit your truck loan options. Here are five factors to keep in mind when trying to get a truck loan after bankruptcy: Bankruptcy is Not a Forever Obstacle Although you filed for bankruptcy, you should still be able to receive a loan for a commercial truck at a reasonable rate. Loan rates will be higher for you since you do not have a strong credit rating anymore, but affordable options are still within your reach that will allow you to maintain your business. Get Your Credit Reports and Scores The lender issuing you a loan is going to check your…

Read More
0
Comment


14
Jul

Getting a Truck Loan After Bankruptcy

Share Us On:



While no one wants to entertain the possibility of ever going bankrupt, the reality is that sometimes life can deal a crushing blow to the extent that you find yourself deep in debt and unable to pay back creditors. You can definitely rebuild your credit worthiness over time post-bankruptcy, but the difficult process of achieving a respectable credit rating or re-establishing creditworthiness, need not hinder your truck loan options. Bankruptcy is not a permanent hindrance to getting a loan Even if you’ve been forced to file for bankruptcy, you can qualify for truck loan credit at reasonable rates. While truck loan rates will generally be a little bit higher than they would be if your credit rating was strong, you’ll still qualify for affordable options that will allow you to get a vehicle and start your career towards a stronger future. At Truck Loan Center, a division of RB Leasing,…

Read More
0
Comment


1
Jan

Seven Benefits to Renting VS Buying Trucks

Share Us On:



Renting VS Buying Trucks

Although many who work in the trucking industry prefer to own their vehicle, it may be hard to purchase your truck outright. Instead of rushing to obtain a loan, you may want to think about renting a rig. Renting a truck is akin to renting a place to live. When you rent an apartment, you pay your landlord monthly and in return you’re given somewhere to call home. Your landlord will take care of any maintenance issues like broken heaters and leaky faucets, and should you need to move out, will provide you with a reference. When you rent a…

Read More
0
Comment


Recent Posts