Here we have a person with a very bad credit rating and needs a loan in a hurry, as it seems all applicants are who apply online. She is requesting an approval for a $3000 using her Honda Civic, EX Sedan 4D as collateral.
You can see the short sheet on the car and the details of the loan application below. The Kelley Blue Book value reads at over $6,500 dollars on resale, so a $3000 loan is surely not out of the question. I would be very surprised if the loan sharks out there don’t go for this loan.
Of course, if her Honda Civic is in really bad shape then this loan would be questionable. The Kelley Blue Book value is based on the vehicle being in good working order, very slight and few blemishes on the body, not rust, and an interior that doesn’t small like for dead cats in garbage bin.
I happen to know that his loan was approved on her Honda for collateral, and she DID pay back the CTL on time and in full.
$3000 Bad Credit Auto Title Loan Virginia Beach City, VA
Underwriter’s Loan Description :: $3000 Dollar Car Title Loan in Virginia Beach City
Make of Vehicle :: Honda
Model of Vehicle :: Civic – EX Sedan 4D
Year of Vehicle :: 2001
Mileage on Vehicle :: Mileage 116,000
Kelley Blue Book Value :: Value $6,615
Amount Owing on Vehicle :: $0.00
Why do you need a loan? :: I need a car title loan so that I can buy some furniture for a new apartment we just started renting. We want to get rid of all the old furniture so we can have a new start.
How Much Do You Want To Borrow? :: $3000
Length of Employment :: 3 yrs
Time at Address :: 4 yrs
Age :: 23
Anything else you can tell us to speed up approval? :: I can drive down there and show you my car so you can see that it is worth over $6000 dollars.
Sex :: Female
Ever Claimed Bankruptcy? :: No – Never
What City/Town, State, and County is your primary address in? :: Virginia Beach City, Virginia County, Zip 23452
$3000 Auto Title Loan Virginia Beach City – Bad Credit Rating
Would you consider your credit rating to be? :: Very Bad
Loan Officer Conclusion(s) :: Applicant’s FICO score came in at 550
Tips for Borrowers :: Look after your credit rating so you can be approved for a small loan like this for any reason, and have an interest rate that is MUCH less than a title lender will give.
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!