Trailer Financing with Bad Credit: Can You Buy a Trailer with Bad Credit?

If you have a poor credit score and you want to hit the road with a camper trailer, you must be wondering if you can buy a trailer with bad credit. The truth is that you can get bad trailer financing even with a bad credit score. There are some lenders that do not have the minimum credit score needed to buy a travel trailer. Others may require you to provide a minimum down payment to show that you can repay the loan.

In this article, we are going to explore some of the best options for buying a trailer with bad credit.

FAQ: Trailer Financing with Bad Credit

Can You Buy a Trailer with Bad Credit?

Yes. It is possible to buy a trailer with bad credit. Although it is challenging for people with poor credit score to get no credit check travel trailer financing, it is still possible to get one. There are several lenders that provide trailer bad credit financing regardless of your financial situation. You can pledge your personal assets as security for bad credit trailer loans.

What Credit Score is Needed to Buy a Travel Trailer?

Buying a travel trailer with bad credit can be challenging. The minimum credit score needed to buy a travel trailer is between 650 and 700. However, there are lenders that will provide you with travel trailers and credit financing even with poor credit scores of as low as 550. Also see Credit Score Needed to Buy an RV.

Bad Credit Travel Trailer Financing Requirements

If you don’t have a credit history needed to buy an RV, it can be challenging to get bad credit travel trailer financing. However, it is still possible to get one. What are the minimum requirements?

Financing RequirementsDetails
AgeAt least 18 years old
IncomeMust have a steady income
CitizenshipMust be a U.S citizen or a permanent resident
Bank accountMust have a bank account, preferably in the US

Travel Trailer Loans Bad Credit: Online Lenders

Even if you have poor credit scores, it is still possible to get bad credit trailer loans. The following are some of the best travel trailer loans for bad credit you can consider.

My USA Financing

My USA Financing is an online lender that can help you with travel trailers bad credit financing. They approve loan applications with low credit scores of as low as 550 with repayment terms of up to 15 years. Even if you have a past bankruptcy, you can still qualify for a loan. Their loan amounts range between $10,000 and $50,000. You will need to make a down payment of 10% and you can also do a trade-in. APRs depend on your state of residence, the RV you are financing, and your credit score. You will be required to pay a $495 document fee.

Southeast Financial

Southeast Financial is also a great online lender that offers travel trailer financing bad credit. You can get camper trailer finance bad credit with terms of up to 240 months. They offer bad credit travel trailer financing for an RV up to 15 years old. You need to be employed, a minimum income of $20,000 and have a minimum credit score of 550. You will need to make a down payment of more than 20% to get approved. the interest rates depend on your credit score and borrowers with poor credit scores pay a higher interest.

Capital Solutions

Capital Solutions is a lender that specializes in no credit check travel trailer financing. They don’t require a minimum credit and borrowers can pledge their personal assets as collateral for the loan. They offer telephone pre-approval. They extend financing to people with bad credit and those who have previously been declared bankrupt. They require financing for trailers to be 2009 or newer. They do not charge interest rates, instead, they write this as lease purchases. They allow for early payoffs without a penalty after nine months. You can make larger amounts every month.

RockSolid Funding

RockSolid Funding offers bad credit trailer loans for consumer, commercial purposes. They require a credit check, but they still work with low credit scores. You also need an employment history and they have different approval processes for various types of loans. APRs apply depending on your credit score and the kind of funding you need. If you want the funding of less than $7,500, you don’t need a down payment to have your credit approved.

Trailer Solutions Financial

Trailer Solutions Financial is a bad credit trailer financing for consumer and commercial trailers. You need a minimum credit score of 530 to get approved. You also need a minimum gross income of at least $1,700 to qualify. APR rates depend on one’s credit scores and type of financing. You can get funding within 48 hours after getting approved.

How to Easily Get Trailer Pre Approval with Bad Credit

If you have poor credit scores, then I know this question must be running through your mind; how can I finance my trailer? If you are in that situation, this is what you need to get trailer pre-approval:

1. Establish a Realistic Payment

To get trailer financing for bad credit, you need to establish a realistic payment to get pre approval. One of the things lenders consider before approving a loan is whether you are in a position to repay it. The payment you choose shouldn’t stretch your budget since there are other costs you will incur like RV fueling and insurance.

2. Make a 10% Down Payment

You also have to make a 10% down payment for travel trailer financing bad credit check to get preapproved. Some lenders ask for a 20% down payment. Making a bigger down payment increases your chances of getting pre-approved.
When you make a larger down payment, you get the following benefits:

  • Lowers your payments for years to come
  • Gives you a positive loan-to-value ratio

3. Select a Trailer

Once you have made a down payment, the next thing you need to do is to pick a trailer. You need to decide on the size of the trailer, storage space, and your lifestyle and match your towing vehicle to your trailer.

4. Get Preapproved

If you get preapproved for bad credit travel trailer loans before you can go shopping, it increases your negotiating power with the dealer. This helps you get a loan at relatively cheaper prices. Trailers are considered a luxury and as such, they attract high-interest rates because they pose a higher risk to lenders.

As such, you must get multiple loan offers so that you can choose one with the best terms. Besides, the dealership will take you more seriously if you visit them with a pre-approval letter from the lender. Eventually, the lender will give you a better price.

5. Sign the Paperwork

Before signing the paperwork, you must first go through the paperwork. Get to understand all the terms and ask questions where you don’t understand. If everything is clear, you can go ahead and sign the paperwork.

You can then start using your trailer while you repay your trailer loans. As you pay the loan, you will also be improving your credit score at the same time. This can help you refinance RV loan with bad credit at a better rate down the line.


Another option for camper trailer finance bad credit is a bankloan. There are several banks that can help you get a loan for your trailer even if you have bad credit scores. Some of these banks include:

USAA Bank is one of the banks offering trailer loans for bad credit. USAA Bank’s membership is open to active service members, veterans, and their families. You can get bad credit travel trailer loans for up to 180 months.

Credit Unions

You can also get no credit check travel trailers from credit unions. You need to be a member to get a travel trailer bad credit financing. Some credit unions require travel trailer financing credit scores with terms of up to 84 months. One of the credit unions that offer bad credit travel trailer loans includes FedEx Employees Credit Association.

FedEx Employees Credit Association

FedEx Employees Credit Association gives up to 100% of a new motorized RV’s purchase price and tax and title fees. On the other hand, they lend up to 90% of new non-motorized trailers for up to 90% of the sale price inclusive of tax, title and license.

Dealership Financing

Some dealerships partner with a large network of lenders to help their customers get trailer financing with bad credit. However, in some instances, dealership financing can be expensive. Dealerships can have the incentive to offer you a loan that gives them the highest business referral rate, rather than the one with the lowest APR. As such, it is important to first shop around before considering dealership financing.

Personal Loans With Bad Credit

You can also get bad credit trailer financing by getting a personal loan. You can use personal loan financing, especially when you can’t qualify for bad credit camper trailer loans.

However, it is worth noting that this kind of financing can be expensive due to the high-interest rates on personal loans. Be keen to look out for origination fees and interest rates. Otherwise, you can get an extremely expensive personal rate that can make you fall into a debt trap. Note that interest rates on personal loans can vary from one State to the other.

Peer-to-Peer Loans

If you have a credit score of above 600, then it is possible to qualify for peer-to-peer loans. In this case, you will be borrowing money from individuals rather than organizations. However, peer-to-peer loans attract high-interest rates and other fees, and you need to be cautious when securing one.

Summary of Trailer Bad Credit

Buying a travel trailer with bad credit can be challenging, but it is also possible. There are many online lenders that can help you get funding easily even with bad credit. Some of them don’t even require a minimum credit score. Some lenders will require you to make a down payment to get approved for trailer loans for bad credit.

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