Who is the owner of TitleMax?
TMX Finance
Savannah, Georgia, U.S. TMX Finance is the parent company to the brands TitleMax, TitleBucks, EquityAuto Loan, and InstaLoan.
Are title loans a good idea?
Auto title loans are a form of predatory lending. If you’re strapped for cash and you own your car free and clear, an auto title loan might seem like a good way to get some fast cash when you need it. But auto title loans are among the most expensive kinds of credit you can get, along with payday loans and pawnshops.
What happens if you dont pay TitleMax?
If you can’t pay off the loan in the typical 30-day period, the lender may offer to “roll over” the loan into a new loan. If you don’t pay what you owe, the lender may decide to repossess your vehicle.
What bank does TitleMax use?
Central Bank of Kansas City
TitleMax® Loans/ Pawns are not sponsored, endorsed, administered by, or associated with Central Bank of Kansas City, the establisher of the Universe Silver® Deposit Account and the issuer of the Universe Silver® Visa Debit Card, who has no liability in relation to TitleMax Loans/ Pawns.
Does TitleMax check your credit?
TitleMax® does run credit checks on all new applicants, but that may not disqualify you for a personal loan or title-secured loan/pawn. When you need money unexpectedly, it’s a good idea to look for loans that offer flexibility for people with bad credit. Just look to TitleMax for lots of great options.
What are two disadvantages of a title loan?
Cons of Title Loans
- High Interest Rates. Because bad credit is accepted, the interest rate for car title loans is outrageously high.
- Repossession Possible. If you cannot pay for your loan, which may be likely as you see the interest compound, you can lose your vehicle.
- Excessive Fees.
Do title loans hurt your credit?
Does a Title Loan Affect My Credit Scores? In most cases, a title loan won’t have any impact on your credit scores. That can be good and bad. For starters, most title lenders don’t run a credit check when you apply.
What happens if you miss a payment with TitleMax?
If you don’t make timely payments, the lender must send you a “Notice of Right to Cure” before repossessing the property. After the lender sends the notice you have twenty (20) days to make the missed payment(s). This pamphlet is meant to serve as a summary of your rights and responsibilities under this loan.
Can you get a personal loan with TitleMax?
TitleMax has an Arizona personal loan product that may help you in your time of financial stress. Before applying for an online personal loan, Arizona customers should be aware of the requirements that applicants must meet in order to be eligible.
Where can I get a title loan in Arizona?
Arizona Title Loan and Personal Loan Locations. 1 Apache Junction AZ 1 – W. Apache Trail. 2167 W. Apache Trail Apache Junction, AZ 85120. 2 Bullhead City AZ 1 – Mohave Dr. 3 Casa Grande AZ 1 – E. Florence Blvd. 4 Chandler AZ 1 – N. Arizona Ave. 5 Chandler AZ 2 – S. Arizona Ave.
Where can I get a title loan in Illinois?
– In Georgia, TitleMax offers Title Pawns. – Illinois Residents: As of March 23rd, 2021, TitleMax® of Illinois, Inc., d/b/a TitleMax, no longer originates new loans in Illinois. – New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.
Is it possible to get a title loan?
A title loan is a great option for customers with less than perfect credit. While we do perform a credit check, your motor vehicle title helps secure your account, so we accept most credit types! Interested in a title loan?