I have a good friend at a bank that works in the loan dept. Their bank will not lend to people with less than 700 for a credit rating and stated this is now the norm. I agree with others, a horse trailer is a luxury item and banks just aren't lending money like they used to. BTW if you find a trailer with LQ for less than 10 grand let me know. We looked and looked and even the oldies weren't that low.
Do you have a bank or credit union and possibly a cosigner with sparkling credit?
It never fails to impress me how the banks that allowed the entire market to end up in the crapper by putting out substandard loans to anyone who could take a breath and higher ups who just needed money to piss away now have no leeway regarding people who's credit they helped put in the crapper. Talk about a catch-22.
We are in that from following a supposedly reputable lawyer who led us the wrong way. I figure in another 3 - 4 years things will start clearing up and our credit will begin to build again.