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Unlock Your Dream RV: Overcoming Bad Credit

June 26, 2023

Exploring the Adventure: RV Finance with Bad Credit

Have you been daydreaming about embarking on an exciting adventure in an RV, but your bad credit history has you worried? Fear not! There are still plenty of options available to make your dream a reality.

One common question we often come across is whether individuals with bad credit can secure financing for an RV. We are thrilled to confirm that the answer is a resounding yes! Here at Pegasus Finance, we have developed strong relationships with a network of lenders who are willing to assist customers with a history of poor credit.

Will I Be Guaranteed RV Financing, Even with Poor Credit?

While we can’t provide an absolute guarantee, we take a human approach at Pegasus Finance. We don’t solely rely on computers and technology to approve loan applications. Instead, we carefully evaluate each application, presenting compelling reasons to our lenders as to why your application should be approved, regardless of your financial history.

At Pegasus Finance, we handle all finance applications, including RV loans, with the utmost confidentiality. In the majority of cases (90%) involving customers with poor credit, there is no need for a hard credit search when you initially apply. Once we identify a suitable lender and loan for you, we always reach out to discuss your options.

The RV loans we offer not only assist you in purchasing your dream RV but also extend to financing options for both used and privately sold RVs. This presents a cost-effective alternative for individuals with a poor financial history who aspire to own their ideal RV. Our partners at Campers4Sale provide an extensive selection of RV Motorhomes for sale, catering to both dealers and private sellers, making it an excellent starting point for your RV search.

Don’t let bad credit hinder your desire to hit the road in an RV! With the right approach and a partnership with Pegasus Finance, a 5-star broker, you can turn your dream into reality.


Debunking the Myth of Guaranteed RV Finance

We delve into the topic of guaranteed RV motorhome finance in a separate blog post. If you’re interested in learning more, CLICK HERE to read and discover the truth.

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Here are a few additional tips that can be helpful:

  1. Research Your Options: Look for lenders specialising in RV loans or offering financing options tailored specifically for RVs. Fortunately, at Pegasus Finance, we cover both categories! Our extensive network of lenders, including sub-prime lenders, provides us with a wide range of options. Rest assured, you’ve come to the right place for RV finance.
  2. Check Your Credit Score: Sometimes, customers mistakenly believe they have poor credit when, in fact, their credit standing is not as dire as they think. It’s always beneficial to know your credit score. Free online services such as Credit Karma and Credit Sesame can provide this information.
  3. Consider a Secured Loan: Securing your loan against collateral you own, such as a house or car, can open up more options. However, this approach requires careful consideration as defaulting on payments could result in repossession of your home or car.
  4. Find a Joint Hirer: A joint hirer acts as a guarantor for your loan, agreeing to cover the monthly repayments in case of default. This type of loan should be approached cautiously, and the joint hirer must fully understand the risks involved.
  5. Save for a Deposit: Providing a larger deposit reduces the amount you need to finance. This can make lenders more inclined to approve your loan, as the lower amount reduces their risk.

For comprehensive advice, it is recommended to consult a financial advisor.

The tips mentioned above are simply common suggestions aimed at assisting customers with bad credit in obtaining finance for an RV.

Additional Helpful Resources: Looking to purchase your first RV Motorhome? Our friends at Campers4Sale have an extensive range of vehicles for sale, including new, second-hand, and private sales. CLICK HERE to visit

Curious about the required deposit for an RV? CLICK HERE to find the answer.

Learn more about our insights on bad credit RV finance HERE.

Ready to Begin the Journey? If you’re seeking a free, fast, and no-obligation service, apply today! CLICK HERE to access our online application form. A member of our friendly broker team will be in touch with you shortly.

Embrace the freedom of the open road and start your RV adventure today, despite any past credit challenges. With Pegasus Finance, we’re here to make your dreams come true.

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