Prime Mover Bad Credit 2026: Financing Available Despite Poor Credit Score

Bad Credit? You Can Still Get Prime Mover Financing

Banks reject prime mover financing if CTOS score below 650. Past bankruptcy, late payments, or defaults mean automatic rejection. But your transport business needs trucks to operate. Ing Heng Credit looks at business viability, not just credit score.

Why Banks Reject Bad Credit

• CTOS Score Below 650: Automatic rejection
• Past Bankruptcy: 7-year black mark
• Late Payment History: Shows risk
• Existing Defaults: High debt ratio
• New Business: No track record

Our Approach: Business Viability First

We evaluate based on business health, not just credit score:

What We Consider

• Current Revenue: Business generating money now?
• Contracts: Signed agreements with clients?
• Route Profitability: Are operations profitable?
• Experience: How long in transport industry?
• Asset Value: Trucks have resale value?
• Character: References, business reputation

Financing Options for Bad Credit

Situation	Bank	Ing Heng
CTOS below 650	Rejected	Considered
Past bankruptcy	Rejected	Case-by-case
Late payments	Rejected	Acceptable with reason
New business	Rejected	Evaluated on contracts

Higher Down Payment Not Required

Some lenders charge higher down payment for bad credit:
• 20-30% down payment
• Higher interest rates
• Shorter terms

Ing Heng Credit:
• 0% down payment regardless of credit
• Competitive interest rates
• Standard 3-7 year terms

Real Approval Stories

Bankruptcy Discharged - Approved

"Bankruptcy discharged 2022. Banks rejected all financing. Needed 2 prime movers to restart transport business. Ing Heng looked at business plan, 3 signed contracts from former clients. Approved both trucks with 0% down. Running 2 years now, never missed payment. Business rebuilt, credit score recovering. Ing Heng gave second chance when banks said no."

— Kumar Raj, Transport Operator

CTOS 580 - Approved

"CTOS score 580 due to credit card defaults during COVID. Business operating 3 years, profitable. Bank rejected prime mover financing due to low score. Ing Heng evaluated business: RM150,000 monthly revenue, growing client base, experienced operator. Approved 1 truck, 0% down. After 6 months of on-time payments, approved second truck. CTOS score now 620 and rising. Business viable, credit score irrelevant."

— Hassan Ali, Owner

No Credit History - Approved

"Started transport business 2023. No CTOS history (new to credit). Banks required 2 years trading record plus guarantor. Ing Heng evaluated business: 5 signed contracts with logistics companies, experienced drivers, proven routes. Approved 3 prime movers, 0% down. 18 months later, running 5 trucks, excellent payment history. Built business and credit simultaneously."

— David Tan, Entrepreneur

Requirements: Bad Credit Financing

What We Need

• Business Registration: Valid SSM
• Bank Statements: 6-12 months showing revenue
• Contracts: Signed agreements with clients
• Business Plan: How trucks will generate income
• References: Client or supplier references
• Driver Info: Valid licenses

What Helps Approval

• Consistent monthly revenue
Long-term client contracts
• Industry experience
• Profitable operations
• Professional references
• Collateral (other assets)

Interest Rates

Our rates remain competitive even with bad credit:
• Same rates as standard financing
• No penalty for credit score
• Focus on repayment ability, not past history

Rebuild Credit While Operating

On-time payments to Ing Heng Credit:
• Reported to CTOS monthly
• Improves credit score over time
• Refinance to better rates later
• Access bank financing in future

Step-by-Step Application

Day 1: Submit application with bad credit explanation
Day 2: We review business viability
Day 3: Approval (subject to business health)
Day 4-7: Documentation
Day 8-14: Truck acquisition

Ing Heng Credit: Bad Credit Specialist

• Look at business, not just score
• 0% down payment for all credit levels
• Fast 24-48 hour approval
• Help rebuild credit through payments
• Second chance financing available

The Bottom Line

Bad credit doesn't mean your transport business can't grow. If business is viable, generating revenue, with growth potential, we finance prime movers. 0% down payment preserves cash. Fast approval gets trucks on road.