Financing

A credit score ranges from 300 being the lowest to 850 being the highest. Individuals with low credit scores within the range of 300-569. have a lower chance of getting an RV or boat loan approved as they pose a potential risk for defaulting payments.

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Having several inquiries can reduce your overall credit score and affect your RV or boat loan approval. Lenders use your credit report to conduct a risk assessment. Inquiries can affect their decision to offer a loan to you.

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