He was able to get $11,000 for a boat and start living his dream!
Eric, a keen fisherman, has always dreamed of getting his own boat. But not just any old rusted-out tin can – a real boat, worthy of a budding sailor with years of fishing ahead of him. These days, Eric wants to get away as much as possible and appreciate the relaxing side of life.
Eric is on the Vet Affairs pension and his finances are in good shape. He has never let himself get behind in rent and his bank statement proves his prudent financial management skills. With this in mind, Eric figures that he can manage a loan and applies for boat finance with his bank.
The bank looks at his Vet Affairs Pension and rejects his application. They said that they needed Eric to be employed before they were comfortable in offering a boat loan. Eric knew he could manage the loan, but didn’t know how to convince a lender otherwise. That’s when he called Rapid Finance.