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BCredit Truck Loans & Finance

Bad Credit Truck Loans & Finance

People who hold a commercial driver's license (CDL) can make a lot of money while working in the trucking industry. A fleet of vehicles is sometimes required for an existing business to expand, but trucks are costly.

At National Truck Loans, we provide direct bad credit truck loans to customers who live in the United States. National Truck Loans is the authorized lender for dealerships throughout the USA. We are here to assist you in obtaining a commercial vehicle loan for a buy contract, even if you have poor credit or a low credit score. We don't provide leasing options, and our truck loans with bad credit are just for purchases. Customers with less-than-perfect credit records can apply for bad credit truck loans from us. We understand that many people have difficult financial situations, but it shouldn't prevent them from earning a living.

Refrain from letting your credit score prevent you from dump truck financing if you are trying to do so but are concerned about it. We take great satisfaction in being a common sense lender at National Truck Loans. This indicates that improving your credit score is possible. Your credentials are evaluated based on your whole credit, not simply the score on your credit report. You are more likely to get approved for the loan if you have collateral, a history of timely payments on your house or another car, or commercial driving experience.

Bad Credit Truck Loans & Finance

Semi-Truck Financing: Good Credit vs. Bad Credit

  • Good Credit

The typical customer with "good" credit who approaches National Truck Loans has a score of 640 or higher on their credit report. This means you don’t have to finance a truck with bad credit. You unquestionably are a solid prospect for lenders to take a significant risk on if your credit score is at this point or higher. Consequently, you receive several advantages and have a relatively straightforward financing process. The advantages of financing with good credit include the following:

  • Available Incredible Deals

First, National Truck Loans offers incredible prices that change depending on the kind of equipment being bought, whether it is new or used, regardless of how long you've been in business with good credit. With good credit, you'll be more likely to get approved for these fantastic offers.

  • Easy Funding Process

With National Truck Loans, you can receive approval after submitting a brief application in 2 hours and funding in as little as 24 hours. Based on the amount of the loan and the kind of truck or equipment being financed, we may occasionally ask for additional company data from you, like bank statements and tax filings. This will help us check if you need truck finance for bad or good credit. Also, we want to check the purchasers' order of the equipment you're buying in addition to your credit history to ensure it has a clear title and is in excellent operating order. This is advantageous to both you and us.

  • Lower Down Payment

You are at a better lending risk if your score is high. At National Truck Loans, we still go above and above. We know that having good credit is one of many things to consider. We take your years in business and the different sorts of credit you have into account. A solid case can be made for your ability to repay the bad credit truck loan if you've been in business for at least five years. As a result, a smaller down payment would be required.

  • Lower Interest Rates

According to National Truck Loans, a good credit score entitles you to the lowest interest rates. Along with low rates, our funding process is also considerably quicker and simpler than our rivals in the transportation equipment finance sector.

  • No Collateral Required

One advantage of having good credit is that with National Truck Loans, you don't have to share equity from other assets for truck financing with bad credit, which is not true of banks and other businesses. Because of the fixed rate of our financing, we do not cross-collateralize your other assets. Truck loans with a bad credit agreement with National Truck Loans are separate legal entities.


The key point is that any bad credit truck financing company will find it much simpler to finance you in the best conditions if you have better credit.

Bad Credit Truck Financing

Most individuals are interested in learning what semi-truck financing looks like for folks with terrible credit. Most finance companies will not work with you if you have a poor credit score, unpaid liens, or a bankruptcy. Let's quickly review the challenges people with "poor credit" can encounter.

  • Higher Interest Rates

You'll probably pay a higher interest rate for a bad credit truck loan than you would with a 640 score because you're seen as a larger credit risk.

  • Fewer Program Options

You'll understand that if your credit is poor, you might not be eligible for the best programs that offer low down payments, low-interest rates, etc.

  • Rigid Terms

The conditions will be more stringent and restrictive, with a lower credit score.

  • Bigger Down Payment

This implies that you'll need a higher down payment for approval.

  • Difficulty Getting Financed

Handling bad credit truck financing can generally be challenging. To demonstrate to finance businesses that you are a good financial risk, you should wait a while and take action to enhance your credit score.

Keep hope of obtaining the equipment or vehicle you desire for your business if your credit has been damaged.

How to Determine Your Credit Score

Consumer Financial Protection Bureau suggests four techniques to check your credit score:

  • Evaluate Your Loans, Credit Card Payments, and Bank Account

Many financial institutions provide free credit scores for their clients. Your score is frequently available on your account online or monthly statement, and you might have to opt into the service to receive your scores.

  • Contact Free Credit Score Checking Service

Before registering for a company's credit score service, comprehend the terms. While some credit scoring firms provide credit scores for no cost, others only offer them to clients who pay credit monitoring service fees every month.

  • Select Reputable Credit Bureau for Credit Check 

Three major credit bureaus, Equifax, Experian, and TransUnion, offer credit ratings for checking. Other for-pay providers, like FICO and VantageScore, also allow access to your ratings.

  • Collaborate with Non-Profit Counselor

Credit counselors can offer free credit reports to help you review your score. A great place to look for a credit counselor in your area is the National Foundation for Credit Counseling.


You should carefully review your reports to look for any mistakes or inconsistencies. Your overall score will suffer if your credit report is bad. Get a free credit report from Experian today to see if any transaction affects your credit score.

Getting Truck Financing with Bad Credit isn't Difficult

Even in a tight financial situation, you can still get the required semi-truck finance. You can expand your trucking business by using this bad credit truck financing to make it easy to buy a semi-truck. So get in touch with one immediately to start along the path to a prosperous future in commercial trucking with truck finance for bad credit.

Qualification Requirements for Truck Loans with Bad Credit

Choosing the type of vehicle you wish to finance is the first step in obtaining a bad credit truck loan. Commercial trucks come in two varieties: those used for transportation (such as trailers) and those used for specific tasks, such as cement trucks, dump trucks, and other work trucks. The type of truck financing for bad credit you require and its intended use will determine the finance plan. You can choose from a truck lease or a truck loan. These factors will also affect your final choices for financing.

Each category of commercial truck financing for bad credit has a different process. Before granting you a negative credit loan, loan centers also consider the age and intended use of the car.

Even if your loan might be granted, a conventional lender might need a larger down payment from you if you:

  • Have a poor credit score

  • Get a loan from a private organization

  • Purchase an old truck

  • Have a new business

  • Have low cash reserves

Regardless of your self-employment status or credit history defaults, you can locate a lending center to assist you in finding the bad credit truck loan with the most appropriate conditions.

The Challenges of Affording Financing


Many drivers need help to obtain inexpensive conditions while investing in a vehicle that is dependable enough to generate a consistent income when bad credit truck financing. It can be challenging to locate a lender who will accept your loan with the best terms if you are working with subprime financing.

If you've looked for bad credit truck financing, you've likely observed how pricey subprime lending may be.

When applying for bad credit truck financing, drivers frequently spend significantly more money to buy their vehicles. These difficulties include:

  • Higher Interest Rates

The interest rates on your loan will increase over time since those with lower credit ratings will be seen as carrying a greater risk. Remember that a one-point variance in your rate can result in significant expense variations over time.

  • Larger Down Payments

Many truckers are forced to put extra money down to reduce loan risks to make life easier.

  • Reduced inventory options

Your ability to pay for a commercial vehicle rests primarily on your credit score, with better credit, which results in flexible financing alternatives.

What is the best way for me to finance a semi-truck with bad credit?

A semi-truck is an excellent investment that can generate a lot of cash flow. But how can someone with terrible credit possibly consider buying truck loans with bad credit?

We must first accept that the credit environment for semi-truck finance has become quite tight. Compared to before 2009, the game has completely changed. However, there are still four ways for truckers to get lenders to overlook their credit history and approve their application for a vehicle. Here are some ways to truck loan with bad credit:

  1. When you apply for a commercial truck finance bad credit, put a larger deposit on your purchasing truck. Every dollar you can pay upfront gets you one step closer to receiving a lender's approval. Lenders prefer to see equity in addition to strong credit, and more down payment equals greater truck equity.

  2. Track down a co-signer with excellent credit and a CDL (CDL). The CDL was created because lenders no longer allow borrowers to utilize co-signers. For example, a grandma who resides in an assisted care facility is not a qualified co-signer. The good news is that most lenders will almost certainly accept a co-signer with a CDL and decent credit.

  3. Purchase from a dealer who has their papers on hand. That is, you get into a lease-to-own agreement with the dealer and pay as much down as possible, followed by monthly payments. Yes, this implies that you will have to choose your purchase from their limited selection of items. The benefit of this financing option is that almost anyone can use it, regardless of credit standing.

  4. Post more security. A few truck financing with bad credit specialists will accept additional collateral in place of equity. This is the most adaptable choice, and it will reveal which lenders are willing to collaborate with you to find a unique solution to your negative credit issue.

Owning a Truck with Bad Credit Isn't a Problem Now Onwards

With the correct truck, you could make a decent income. However, many individuals are hesitant to work in the trucking sector because they believe their poor credit will prevent them from purchasing a commercial vehicle. The top bad credit truck loan for bad credit truck financing above refutes that fallacy.

Some of the choices above can get you behind the wheel of your big rig — or small pickup — without even requiring a credit check or a down payment. You can start transporting more than just your goals and dreams because so much of this lovely country is available for exploration.

Providing Truck Financing For Bad Credit, Great Credit, and Everything In-Between



We will handle your paperwork once we have the signed contract back. Most trades are settled in as little as three days. We can quickly get the truck you need back on the road.


Truck in Blue Background

Chris Cadahia

Great lender without the bureaucracy and gotcha’s from your typical truck finance broker. Really makes a difference when you work with a lender like National Truck Loans that uses their own money to fund loans and know the industry. They’ve been a great financial partner and appreciate the support!

Truck Financing Image in blue background

SFL Supply Inc.

National truck loans helped me grow my fleet by several trucks. Very simple, professional and helpful on every step of the way until the end. Recommend to any carrier. Thank you

Truck image in Blue background

Juan Insegna

I had a very good experience. Micheal and Junior helped me a lot, they always answered all my questions and they work very fast. I recommend it.



  • What type of trucks do you finance?
    National Truck Loans is a truck financing company that provides easy truck financing for all types of semi trucks. You can get truck financing for trucks sold either through truck dealers or private sellers. We make truck loans easy no matter the brand of truck you are looking to finance. All brands includes Mack, Peterbilt, Freightliner, Volvo, and even International.
  • Can you finance trucks with bad credit?
    Yes! At National Truck Loans, no matter your credit history, we can help you when other truck finance companies can’t. We have been a truck financing company for many years, so we are familiar with the challenges many faces. If you have bad credit, reach out to us. We can help you; that’s our specialty. We provide finance for trucks with Bad credit, Great credit, and Everything In-between. Our financing program is set to fit your needs.
  • Can I get a truck loan with a tax lien?
    Yes, you can. Even with a tax lien, National Truck Loans can help in truck financing. We are willing to extend credit for you.
  • Do you report to credit agencies?
    When you take a truck loan from us, we report to major credit agencies to rebuild your credit. We have helped many owner-operators to get hold of their credit through our accessible truck financing business.
  • Do you finance anything other than trucks?
    Yes, we do! In addition to commercial trucks, we also finance trailers and engine overhauls!
  • Do you do truck financing for startup trucking companies or new operators?
    Yes, we do. At National Truck Loans, we specialize in truck financing for startup trucking industries and new operators in the trucking business. If you are a new operator and you are in search of trucking finance to help your trucking business, we are here for you. We have all you need to run a smooth business.
  • Do you provide truck financing for higher mileage trucks?
    Yes, we do. We provide truck financing for startup trucking businesses looking to get a truck loan, including for higher mileage trucks. National Truck Loans offers everything you'll need.
  • Is it hard to get a truck loan?
    It is not hard to get a truck loan. Truck financing is more than a good credit score. It would be best if you had a good driving experience and strong revenue generation. If you have a bad credit score history, it is essential to choose trucking finance companies specializing in bad credit loans. We specialize in helping you finance truck expenses and make the most of your business.
  • How does truck finance work?
    Truck financing involves business owners using their trucks as a loan or collateral, which helps to reduce the risk for the lenders. Lenders hold on to the title of your truck until you pay off the truck loan. They may also seize your truck if you do not fulfill your loan obligations. You can find truck financing from traditional banks or truck lending companies. With truck financing, you can start driving your truck with little or no down payment.
  • How long are trucks financed for?
    The average lifespan of a truck loan for a new truck is five years (60 months). It all depends on your down payment. The loan may not exceed three years (36 months) if you buy a secondhand truck.
  • How do I determine my eligibility for a truck loan?
    Various factors determine whether you will get truck financing or not. They include your credit score, years in business, down payment, truck mileage, commercial driver’s license (CDL), tax liens, and truck age. But we at National Truck Loans approve trucking finance for business owners with bad credits, tax liens, or bankruptcy.
  • Can I get access to truck financing without a CDL?
    Yes, you can. Truck financing programs are available for business owners without a CDL. Before applying for a truck loan in a truck finance company, be sure a CDL is not part of the lender’s requirements for financing. Also, the person driving the vehicle may differ from the person paying for the truck. It doesn't matter who is behind the funding as long as a person with a CDL is the driver.
  • Can I finance a truck with bad credit?
    Yes, you can. What some lenders consider bad credit may be satisfactory for another truck lender. This is why it is essential to thoroughly review each lender's eligibility requirements before making your choice.
  • Can I review loan terms and interest rates before getting a loan?
    Of course! When you apply at National Truck Loans, you are free to go through all the details of your loan and ask questions before committing. Our services are fair and transparent.
  • What kind of truck can I buy if I apply for a truck loan?
    When you decide to get truck financing, you can buy any truck of your choice. You can buy yourself a semi-truck, work truck, or commercial truck. There is no limit on what your loan can buy from any truck dealer or buyer. The type of truck your loan can buy depends on the brand, mileage, and features like fuel capacity and engine specifications.
  • How does truck financing benefit my business?
    There are various benefits of using truck financing for your business. Some include flexibility of finances, business growth, and truck ownership.
  • Do I need insurance for truck financing?
    Yes! Before you can get approval for truck financing, you need commercial truck insurance. The insurance you choose depends on what you need to be covered. It would help if you also made sure the insurance costs are what you can afford, together with your loan payments. The most common type of commercial truck insurance are: General liability insurance Non-trucking liability insurance Workers' compensation insurance Primary liability insurance Motor truck cargo insurance Physical damage insurance Bobtail insurance
  • I'm buying a used truck. Does that mean I can't finance it?
    No. The type of truck you are buying doesn’t affect your truck financing. Just like a new truck, a used truck can also be financed. All you have to do is talk to your salesman.
  • What are the things to know before applying for a truck loan?
    There are quite a several things you need to know. You need to ask yourself relevant questions like, Do I want a new or secondhand truck? Can I make a down payment? Will the truck tend to my business needs? Do you understand what truck financing entails? It would be best if you were informed and sure of what your business needs to avoid a bad purchase.
  • What documents do I need to get financing?
    There is no one way to do this. The documents needed for financing vary from one truck financing company to another. But there are primary documents you should prepare: Business License Personal identification Insurance proof Relevant permits CDL Social security number Financial/Tax records Information about the trucks you want to finance. Why do you want to buy them?
  • What is the interest rate on a truck loan?
    No set interest rate. Truck lenders set their rates based on your overall credibility, the type of truck you want, why you want to buy it, and the lender’s requirements. Nothing is fixed, but you can see annual interest between 5% and 50%.
  • How much do I pay as a down payment?
    The standard percentage is 10% of the cost price. But the sales manager will approve a payment that fits your budget for you to enjoy easy truck financing.
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