Truck Loans for Bad Credit
Get personalized rates in 60 seconds for bad credit commercial truck loans, without affecting your credit score.
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Bad Credit Commercial Truck Loans
Shopping for loans is very very different from shopping for furniture. Actual offers are based on what you qualify for, and can vary widely. Therefore, to truly determine what offer is best or what is fair based on your needs and criteria, you’ll need to do a little digging. Comparing offers is one of the best ways to determine who can offer the best truck loan offer. However, you’ll want to be mindful that getting prequalified can impact your credit score. Before submitting an application you should ask the lender or bank if your credit score will be impacted. A hard credit pull can cause a temporary dip of your credit score. If you do this over and over again, this may impact your ability to qualify. At Acorn Finance, you can receive multiple personalized loan offers with no credit impact.
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How to Get a Truck Loan for Bad Credit

Pre-qualify

Select offer

Finish application

Receive funding
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Helping You Find Truck Loans for Bad Credit
How do truck loans for bad credit work?
To get a truck loan with bad credit you’ll need to find the right lender and the right truck for starters.
If you use a traditional truck loan, you can find financing at a bank or credit union or through an authorized dealer. Traditional truck loans often require a down payment, especially if you have bad credit.
Personal loans on the other hand, can be used to finance a commercial truck or the down payment for one. If you are shopping for a budget truck or looking to purchase private party, a personal loan can offer more flexibility. Based on creditworthiness though, your credit score may present challenges when qualifying. To find out what you can qualify for, check offers at Acorn Finance in seconds with no credit impact.
Truck Loans for Bad Credit: Frequently Asked Questions
What are commercial truck loans for bad credit?
Commercial truck loans for bad credit are exactly what they sound like.
Traditional commercial truck loans are secured by the vehicle. Therefore, there are qualifications the business owner or borrower will need to meet as well as requirements for the truck to meet. If you have bad credit, borrowing money can be costly. Therefore, you may need a cheaper truck to keep up financially.
If a traditional commercial truck loan is presenting challenges, or the truck you want does not meet the requirements, consider using a personal loan. Personal loans can also be a viable option for new business owners who may be less established. Unsecured personal loans are funded as a lump sum and are not secured by collateral.
Business owners often use them for startup costs, equipment, gaps in cash flow, and more. Life is always going to have its share of challenges, but with the right information, you can find solutions.
Are truck loans for bad credit worth it?
Getting a loan with bad credit calls for serious considerations. The first being, why your credit is bad in the first place. By taking out a loan there’s the chance to improve your history and score over time, but there’s also the chance of worsening your score if you default or miss payments. Ultimately, you’ll need to consider what the loan can do for you to determine if it’s worth it or not. There are ways to return better offers such as boosting your credit score or applying with a cosigner with good credit. Weight your options and be detailed in your thinking. Success is a series of corrected failures. Just because you’ve failed with your credit score in the past, does not mean you can’t overcome the mistakes.
Compare & Shop Truck Loans for Bad Credit at Acorn Finance
The commercial trucking business can be lucrative, but getting started or keeping your business afloat can be challenging at times. From personal expenses to business expenses, life never seems to slow down. If bad credit is preventing you from success in the commercial trucking business, there are things you can do to increase the speed limit to success. Of course, improving your credit score is worth considering, but time does not always permit.
Keep reading to learn more about commercial truck loans for bad credit.
Learn More About Bad Credit Commercial Truck Loans:
What credit score do you need for commercial truck loans?
The credit score requirement for a commercial truck loan can vary depending on the lender, loan amount, type of loan, and other factors. Offers will be more likely to be returned for borrowers with fair, good, average, or excellent credit. Most lenders on the Acorn Finance platform have a credit score cutoff of 600 or above, with the exception of Upgrade who has a minimum credit score requirement of 560.
How much do commercial trucks cost?
The cost of a loan is critical and can vary. As you compare offers, pay attention to the APR. Typically, monthly payments are the easiest to spot when you receive an offer, but look past that. Identify the total loan costs to understand how much that loan may cost you. With no prepayment penalties, there’s the chance to pay the loan off early to help keep loan costs down.
Why choose Acorn Finance for bad credit commercial truck loans:
- Get prequalified in seconds with no credit impact
- Access to top national lending partners
- Safe, secure, and online platform simplifies the shopping process
- Loan offers up to $100,000, depending on credit score
How to apply to truck loans for bad credit:
#1. Go to Acorn Finance online
Start your search on our 100% safe platform.
#2. Get prequalified
Fill out our simple form and click submit to check personalized offers with no credit impact.
#3. Compare offers to choose the best one
Compare offers from top national lending partners side-by-side and choose the one that works best for you.
#4. Complete the application with the lender
Once you’ve selected an offer, work with the lender of your choice to finalize the application process.
#5. Receive funding
Once approved, the lender can issue funds. Our lending partners can fund loans in as little as 1-2 business days, although funding times can vary.
Toot your own horn when you find a commercial trucking loan to grow your business. At Acorn Finance, we keep you moving forward. Check loan offers up to $100,000, depending on credit score, with no credit impact!
Pros and cons of truck loans for bad credit:
Pros
Grow your commercial trucking business
Maintain cash savings
Quick funding times
Fixed payments
Get prequalified in seconds
Opportunity to boost credit score
Cons
High interest rates and fees
Strict requirements
Potential to worsen credit score if you default
Financial strain
Risk of truck breaking before the loan is paid
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