How To Get a Powersport Loan After Bankruptcy

Getting a Leisure loan after a bankruptcy can be difficult for most people and close to impossible for others. Any kind of loan is hard to obtain after a bankruptcy because it creates a negative mark on your credit report. But it is possible for people, and even the direst financial situation to get a Powersport, RV, or marine loan after a bankruptcy. Some factors considered by a dealership when getting a leisure loan after a bankruptcy, or when the bankruptcy was finalized, and your current job situation and income level.

If you have a bankruptcy that has been finalized within one year, most lenders and  dealerships will not be willing to give you the best deal, or they may not even want to work with you at all. Unfortunately, a bankruptcy will remain on your credit report for at least seven years , so it may be tough to find a good, reputable lender. There are lenders that will try to overlook your bankruptcy before the seven years is up and create an opportunity for you to make a fresh start.

Lenders of leisure loans want to make sure that you can currently pay back the monthly installments of the loan. It is possible to slowly rebuild your credit by getting a leisure loan after a bankruptcy, if proper payments are made each month. This is a very effective way to get your credit back on track while enjoying some of the finer leisure’s of life.

There are only a few lenders to work with that can offer you a leisure loan, after a bankruptcy has been discharged or finalized. Here at Powersport Canada, we work with everyone of them. Not to mention we are number one with several of western Canada‘s largest lenders. We treat every situation uniquely and have an excellent track record of getting our customers approved after bankruptcy goal is to make it as affordable as possible for you to be approved. Please fill out our secure online credit application in one of our credit specialist will contact you shortly.