Where can you get an RV loan with bad credit?

Institutions like Merrick Bank give RV loans to people with bad credit. Unfortunately, it can be difficult to get an RV loan from a bank if the buyer has a low credit score or a history of delinquencies.

Rather than applying at banks, consumers should check out credit unions or lenders who specialize in working with high-risk clients. Some dealers also offer credit to buyers with bad credit. Generally, in exchange for a high-risk loan, the borrower should expect to pay a relatively high interest rate. The best way to avoid a high interest rate is to borrow money from one's family or get a co-signer. With a co-signer, it is typically easier to convince a bank to grant the loan.