Credit Challenged Loans FAQs: hello, my wife and i are currently looki

Credit Challenged Loans

Q:	hello, my wife and i are currently looking to purchase either a new or used boat in the $15000-25000 ball park - my credit scores range between 540 and 560 - we are currently working on some derogatory medical accounts and hope to have our score in the high-600's before end of 09' - does it make sense to purchase now and re-finance later and if so, what price range (new/used) should we be looking to be most attractive to you folks?
A:	If you are willing to put 50% down, there is a home for your loan at 16% per year. Once you reestablish good credit, you could refinance at a lower rate. If this is of interest to you, please respond back to me. aswimmer@beacocredit.com