This proves that anyone can find themselves in trouble financially. This pre-med doctor in Mansfield Ohio of Richland Cty applied for a car title loan based on the 2004 Land Rover as described in detail below (I’ll spare you the recount of the loan OK). She needs a small loan amount between $18,000 and $2300 but our staff member moved it to $1500 – $3000. In the end the applicant was approved for $25,000 for the loan in question.

Why this borrower used a car title lender is obvious to me. Her credit score was badly hurt from missing some payments to a creditor for months in a row. This led to a very bad record with the credit reporting agencies. It will take time (years) to put this behind her and rebuild her credit rating.

In the meantime she was approved for $25,000 and this was enough to accomplish the tasks she had set out for herself. Her goal was very simple and it is included in the loan application below as well.

$1800-$2300 Bad Credit Car Title Loan in Mansfield OH – Richland Cty

Underwriter’s Loan Description :: Car Title Loan between $1500 – $3000 – Staff Expanded at App

KBB Estimated Value :: $8,320 USD

Make of Vehicle :: Land Rover

Model of Vehicle :: Discovery S7 Sport Utility 4D

Year of Vehicle :: 2004

Mileage on Vehicle :: 89,000 miles

Amount Owing on Vehicle :: Zero owning on this Land Rover. I was a gift from my parent when I went off to college back some 6 years ago. I’m graduated now from University and I need this small short-term loan for just awhile until I get a different job.

Condition of vehicle :: Good condition – wouldn’t call it excellent condition because the odd bit of rust in the wheel wells.

Why do you need a loan? :: I’m getting my wife’s car needs repairs, and we have to get some home improvement projects finished before Christmas.

How Much Do You Want To Borrow? :: I need take out a loan for at least $1800 but would like better if I could get a loan for $2300 to $2500 to be on the safe side.

Bad Credit Car Title Loan in Mansfield – History of Employment and Field

What is your field of employment :: Doctor of Pediatrics – Internship. I have full time employment as an intern at Med-Central – Mansfield Hospital (Glessner Ave). I have an excellent record of internship and I am very much part of the team there. I expect to work there for many years to come.

Length of Employment :: 1.5 years

What City/Town, State and County is your primary residence :: Mansfield OH – Richland Cty

Zip Code :: 44903

Time at Address :: Over 3 years total time in our house in Mansfield.

Age :: 28 years old

Anything else you can tell us to speed up approval? :: I have a full time job at the Med Central and I make pretty decent money. I don’t have any huge outstanding debts to be concerned with. No large credit card debts at all and I am very careful with my money and credit rating. The bad credit rating and low score are explained below.

Sex :: Female

Ever Claimed Bankruptcy? :: No – Not once.

Would you consider your credit rating to be? :: Poor credit score of FICO 580 because of a misunderstanding regarding car loan payments. I was paying into the wrong bank account because I used online banking and thought I was paying my car payment every month when in fact I was not.

The notices from the bank letting me know I was defaulting on payments never got to me because of an address mix up. I’ve straightened it all out now, but my credit is damaged quite bad. Trying to get it cleared up with Equifax, TransUnion, and Experian, but it’s not that easy. The simple fact is that I WAS missing those payments regardless of the whether or not I had the money. As it turns out our credit rating can be harmed if we don’t make the scheduled installment payments on time AND you actually have more than enough income each month to make the payments – go figure!!!!

Bad Credit Car Title Loan in Mansfield – Staff Summation

Loan Officer Conclusion(s) :: Loan granted based on Land Rover Discovery. Rust spots very small and basically a sound vehicle. Brakes recently re-padded, and master cylinder changed out because there was a braking issue that needed dealing with.

Tips for Borrowers :: Avoid a car title loan whenever possible. They are very expensive in the way of APR and fees. If you ever do apply for and get granted a vehicle title loan make sure you pay it off in full, and never return to the dark side. This car title application is curious to me because the borrower is a Doctor and should be able to afford to do the things she wants without hitting up a car title lender.

Related posts:

1. $5000 Car Title Loan in Columbus, Oh – Impala – Bad Credit Underwriter’s Description :: This Ohio resident lives and works in Columbus. He is applying for a car title loan for $5000. He believes his vehicle is worth $12,000 dollars in the current auto market in Ohio and surrounding areas. Particulars are below on the application....

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