Boat & Jet Ski Finance for Bad Credit in Australia

Here at Finance One, we understand that a bad credit rating isn’t necessarily indicative of your actual financial situation. You can be gainfully employed, covering all your costs and living a comfortable lifestyle, but still be hindered by previous credit incidents when you’re applying for finance. That’s why we offer boat finance with bad credit; but it’s still critical to be able to establish a budget and be certain that you can make the necessary repayments in accordance with your loan agreement. Having a budget in place may help with your application.

If you’re considering applying for boat finance with bad credit, how much you can borrow is understandably going to be limited by different factors, such as your current level of debt. Though we offer loans for boats with bad credit that are quick and easy, we’d still suggest that you check your credit report in advance. You’re entitled to a certain amount of “free” checks each year, and it can ensure that any debt you’ve already paid off has been properly removed and isn’t needlessly clogging up your credit score. To find out more information, contact your credit reporting body.

Though it’s normal to want to look at multiple loans before making a final decision, it’s important that you avoid doing this via multiple applications. If you’re trying to finance a boat with poor credit, multiple applications can actually damage your credit rating — making it more unlikely that you’ll be able to get the loan you’re after. Ensure that you do your research first before applying.

One of the most important facets of maintaining your boat finance for bad credit is making timely and regular repayments in accordance with your loan agreement and ensuring that you don’t fall behind schedule. This can be easily done by setting up direct debits to automatically deduct payments from your bank account when they fall due.

If you’re looking to apply for a loan for a boat with bad credit, make sure you get in touch with the team at Finance One. From Darwin to Hobart, we work almost all around Australia to help people get the finance they need. Although we don’t offer boat finance for bad credit with guaranteed approval, we work closely with you to help find an appropriate solution for your situation. In addition to boat finance with bad credit, we also offer a number of other vehicle finance solutions with bad credit, including loans for cars, 4x4s, motorbikes, caravans and trailers.