Today’s first loan application comes to us from Denver County. The applicant requires the biggest car title loan possible of ten thousand dollars. He has resided in Denver City for over 10 years as per the loan officer’s telephone interview and needs this loan to pay for a home move, furnishings, and a child’s operation – also determined from the customer service rep’s conversation.
His vehicle in the application is a 2006 M5 Series BMW Sedan which has been estimated to have a resale value of $41,035 as per KBB. The applicant’s vehicle was examined by our staff and is determined to be in excellent (VERY clean) condition, making this application an easy decision for processing staff. (click inset to expand vehicle image)
The maximum lending option of $10,000 was granted for this borrower, and the funds were electronically transferred into his personal checking account early Thursday morning. We are happy with this loan because of the borrowers up-front approach, but the easy granting of this application was due to the quality of his vehicle.
$10,000 Bad Credit Car Title Loan in Denver, CO
Underwriter’s Loan Description :: This is a car title loan application from Denver CO (Denver County) and the applicant owns half of this BMW M5 Series Sedan. He wants to more the max amount of $10,000 on the car. Waiting for approvals and processing staff to crunch the numbers on this application.
Make of Vehicle :: BMW
Model of Vehicle :: M5 Series Sedan 4D
Year of Vehicle :: 2006
Mileage on Vehicle :: Mileage 61,500 Miles
Amount Owing on Vehicle :: $21,540
Condition of vehicle :: Excellent
$10,000 Bad Credit Car Title Loan in Denver Cty – Why?
Why do you need a loan? :: I am in the process of moving out of my matrimonial home and getting my own house. I have to refurnish the new (old) house and get my daughter an operation. I have some the money needed for these things, but I’m short about $9,400. Could you expedite my application so that we can finalize the funding of this loan please. Thank your for your time in this matter. I would like to know the status of this application by the end of tomorrow’s business day.
How Much Do You Want To Borrow? :: $10,000 which I think is the maximum amount I can borrow on a car title loan in the State of Colorado.
Length of Employment :: 8 years as a stock broker and trader in Denver City
What City/Town, State and County do you live in :: Denver, Colorado, CO which is also Denver County
Zip Code :: 80014
Time at Address :: 15 years
Age :: 46
Anything else you can tell us to speed up approval? :: I have attached my personal information, bank statements, and home equity status. I have included all the particulars needed (as far as I know) regarding this request for a title loan. There are no leans on this vehicle either.
Sex :: Male
Ever Claimed Bankruptcy? :: No I have never been in personal bankruptcy, and don’t plan to be any time soon 
$10,000 Vehicle Title Loan – Denver – Very Bad Credit Rating
Would you consider your credit rating to be? :: Very bad credit – just went through a divorce not to long ago, and the business venture I was involved went South. It was a land development project that had some shady players in on the deal, and I am in the middle of litigation to recover my losses. However, for the time being, my credit score is at rock bottom.
I have provided personal affidavits from solid references on my work history and personal history. I am an honest borrower and will be paying off this loan as per the lending agreement. I request that my lawyer look over your lending agreement before I sign it into action though. This will cause a delay of 2-3 business days. Are you OK with this delay?
Loan Officer Conclusion(s) :: The applicants BMW M5 Sedan is as he claims in the application – in excellent condition. Better condition than most cars put for collateral. This loan will be granted by early next week after the applicant’s legal advice reads the contract of agreement. We are happy to have this loan on our books.
$10,000 Bad Credit Car Title Loan in Denver – Tips
Tips for Borrowers :: Before you apply for a car title loan make sure you have done your best to improve the condition of your car or truck like this borrower/applicant did. Make sure you do your homework like this person did as well, in that he had all of his pertinent information included in the application. If you have a bad credit rating it helps to explain in your own words the reason for your low credit score (low FICO) and if you can show that your bad credit is a result of an isolated incident in your personal financial history.
Disclaimer: The views expressed by this author don't necessarily reflect the opinions of Lazerloan.com, it's owners, or it's affliates.
Conventional Loan Calculator
Enter amount, term, interest, payment periods (14 (biweekly), 30 (monthly), 7 (weekly). Getting a conventional loan is BY FAR and better option than a payday loan or advance.
Thanks for using Lazerloan.com!