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The application fee is capped at $20, and you’ll pay no more than 28 percent in interest. This makes payday alternative loans more affordable than car title loans and some bad credit personal loans.
TMX Finance is the parent company to TitleMax and changed its name from TitleMax Holdings, LLC, to TMX Finance LLC as of June 21, 2010. [1]In mid-2011, TMX Finance “reopened its 13.25% secured notes due 2015 with an add-on of $60 million non-fungible bonds.” [6]
A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [2]
TitleMax, Inc. is an American privately owned title lending business with corporate offices in Dallas, Texas and Savannah, Georgia. The company has more than 1,100 stores in sixteen states. The company has more than 1,100 stores in sixteen states.
It is important to carefully consider all options and budget carefully to avoid getting trapped in a cycle of debt with car title loans. A car title loan is a secured small loan, usually for 25 to ...
These loans are backed by collateral, like a house or car, reducing the risk for the lender or company. Beware: If you fail to make your monthly payments, the lender can legally seize your collateral.
Vehicle titles are also used for car title loans, in which a car owner gives the vehicle lender their vehicle title as collateral in exchange for a loan. In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high ...
Car title loan. Also known as a pink slip loan, this loan is secured by your vehicle’s title. You still get to drive your car, but you’ll need to repay the loan in full, including interest ...
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