180:
66:
25:
302:
505:
554:
for unlawful debt collection practices and for luring consumers into expensive renewals of their existing loans. A Nevada Court Judge ordered TMX Finance to void over 6,000 loans due to these unlawful practices. In 2019, TitleMax was subject to a fine of $ 25,000 and a $ 700,000 refund to more than
496:
as saying, “It’s a solvent company, there’s a significant amount of equity over the debt.” In April 2010, nearly one year after the bankruptcy filing, TitleMax
Holdings LLC won court approval for reorganization and was able to exit bankruptcy status. Since
941:
445:
and title pawn products which allow customers to meet their liquidity needs by borrowing against the value of their vehicles while retaining use of their vehicle during the term of the loan.
480:. According to TitleMax’s lawyer at the time, the cause of the default was attributed to “the maturity of an estimated $ 165 million loan from Merrill Lynch & Co.” In 2008,
76:
951:
906:
856:
946:
535:
as of June 21, 2010. TMX Finance controls over 900 stores and employs over 3,000 people nationwide. TitleBucks and InstaLoan are the sister companies to TitleMax.
936:
723:
465:. Over the next ten years, the company continued expanding, eventually growing to over 500 locations by the end of 2007, and surpassing $ 200,000,000 in
789:
90:
of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be
551:
881:
762:
281:
263:
161:
52:
829:
201:
194:
87:
433:. The company has more than 1,100 stores in sixteen states. TitleMax serves individuals who generally have limited access to
83:
244:
142:
99:
461:. Many Savannah locations were then established, and later that year, TitleMax opened the first out-of-state store in
696:
216:
114:
190:
38:
223:
121:
767:
803:
736:
652:
627:
574:
907:"DBO Continues Crackdown on Illegal Loans in Settlement with Auto Title Lender TitleMax of California, Inc"
682:
230:
128:
95:
701:
462:
212:
110:
91:
438:
429:
is an
American privately owned title lending business with corporate offices in Dallas, Texas and
466:
544:
458:
454:
430:
355:
335:
515:
In
November 2019, the company announced the closure of all California locations by May 2020.
857:"CFPB Fines Titlemax Parent Company $ 9 Million for Luring Consumers Into More Costly Loans"
512:
On August 12, 2016, a judge in Nevada ordered over 6,000 TitleMax contracts to be voided.
481:
434:
312:
441:, credit card lenders, and other traditional sources of consumer credit. TitleMax offers
790:"KGET - TitleMax to close all California stores next year, including one in Bakersfield"
524:
498:
493:
316:
301:
237:
135:
930:
485:
44:
504:
532:
528:
400:
179:
555:
21,000 customers to resolve allegations of excessive interest and fee charges.
477:
474:
442:
489:
724:“TitleMax Reorganization Plan Confirmed by Bankruptcy Judge, Attorney Says”
470:
882:"California fines title lender, says its pricing violated state law"
600:"Apply for Cash Loans Online with TitleMax - Same Day Title Loans"
503:
82:
Please help to demonstrate the notability of the topic by citing
508:
A TitleMax location in
Savannah, GA, where the company is based
834:
173:
59:
18:
492:
LLP in New York City was quoted in an interview conducted by
599:
453:
On
September 1, 1998, TitleMax opened the first location in
683:“Titlemax Seeks Bankruptcy Protection in Georgia (Update2)”
418:
457:. In October 1998, TitleMax opened its second location in
830:"Car Title Loan Borrowers Should Be Wary Of Requirements"
763:"Judge orders thousands of TitleMax contracts be voided"
726:, "Bloomberg," April 12, 2010, accessed August 3, 2011.
685:, “Bloomberg,” April 20, 2009, accessed August 3, 2011.
942:
Companies that filed for
Chapter 11 bankruptcy in 2009
550:
TitleMax was subject to a fine of $ 9 Million by the
77:
notability guidelines for companies and organizations
501:, TitleMax continued expanding into other states.
473:. In April 2009, TitleMax Holdings, LLC, filed for
414:
406:
396:
386:
376:
366:
350:
342:
330:
322:
308:
531:, changed its name from TitleMax Holdings, LLC to
677:
675:
673:
622:
620:
569:
567:
8:
294:
952:1998 establishments in Georgia (U.S. state)
53:Learn how and when to remove these messages
300:
293:
282:Learn how and when to remove this message
264:Learn how and when to remove this message
162:Learn how and when to remove this message
563:
947:American companies established in 1998
200:Please improve this article by adding
7:
937:Companies based in Savannah, Georgia
911:The Department of Business Oversight
861:Consumer Financial Protection Bureau
697:"Bank of America buys Merrill Lynch"
552:Consumer Financial Protection Bureau
543:TitleMax has received criticism for
828:Pope, Michael (28 November 2015).
761:Chen, Adelaide (August 15, 2016).
469:. In 2008, TitleMax expanded into
14:
695:Bruno, Joe (September 15, 2008).
392:Theodore Helgesen (President/COO)
34:This article has multiple issues.
178:
64:
23:
75:may not meet Knowledge (XXG)'s
42:or discuss these issues on the
16:American title lending business
410:Alternative financial services
1:
202:secondary or tertiary sources
968:
84:reliable secondary sources
73:The topic of this article
299:
768:Las Vegas Review-Journal
628:"Amendment No. 2 to S-4"
509:
189:relies excessively on
507:
702:The Washington Times
463:Phenix City, Alabama
792:. 14 November 2019.
467:account receivables
439:thrift institutions
368:Number of locations
296:
510:
488:. The attorney of
79:
722:Jeffrey, Donald.
545:predatory lending
459:Savannah, Georgia
455:Columbus, Georgia
431:Savannah, Georgia
424:
423:
356:Savannah, Georgia
336:Columbus, Georgia
292:
291:
284:
274:
273:
266:
248:
172:
171:
164:
146:
74:
57:
959:
922:
921:
919:
918:
903:
897:
896:
894:
893:
878:
872:
871:
869:
867:
853:
847:
846:
844:
842:
825:
819:
818:
816:
814:
800:
794:
793:
786:
780:
779:
777:
775:
758:
752:
751:
749:
747:
733:
727:
720:
714:
713:
711:
709:
692:
686:
679:
668:
667:
665:
663:
649:
643:
642:
640:
638:
624:
615:
614:
612:
610:
596:
590:
589:
587:
585:
571:
519:Sister companies
419:www.titlemax.com
326:Consumer lending
304:
297:
287:
280:
269:
262:
258:
255:
249:
247:
206:
182:
174:
167:
160:
156:
153:
147:
145:
104:
68:
67:
60:
49:
27:
26:
19:
967:
966:
962:
961:
960:
958:
957:
956:
927:
926:
925:
916:
914:
905:
904:
900:
891:
889:
886:American Banker
880:
879:
875:
865:
863:
855:
854:
850:
840:
838:
827:
826:
822:
812:
810:
802:
801:
797:
788:
787:
783:
773:
771:
760:
759:
755:
745:
743:
735:
734:
730:
721:
717:
707:
705:
694:
693:
689:
680:
671:
661:
659:
651:
650:
646:
636:
634:
626:
625:
618:
608:
606:
598:
597:
593:
583:
581:
573:
572:
565:
561:
541:
533:TMX Finance LLC
521:
482:Bank of America
451:
435:consumer credit
389:
379:
369:
362:
358:
338:, United States
334:September 1998
315:
288:
277:
276:
275:
270:
259:
253:
250:
207:
205:
199:
195:primary sources
183:
168:
157:
151:
148:
105:
103:
81:
69:
65:
28:
24:
17:
12:
11:
5:
965:
963:
955:
954:
949:
944:
939:
929:
928:
924:
923:
898:
873:
848:
820:
795:
781:
753:
728:
715:
687:
681:Larson, Eric.
669:
644:
616:
591:
562:
560:
557:
540:
537:
525:parent company
520:
517:
499:reorganization
450:
447:
427:TitleMax, Inc.
422:
421:
416:
412:
411:
408:
404:
403:
398:
394:
393:
390:
387:
384:
383:
382:16 U.S. states
380:
377:
374:
373:
370:
367:
364:
363:
360:
354:
352:
348:
347:
344:
340:
339:
332:
328:
327:
324:
320:
319:
317:Employee-owned
310:
306:
305:
295:TitleMax, Inc.
290:
289:
272:
271:
186:
184:
177:
170:
169:
72:
70:
63:
58:
32:
31:
29:
22:
15:
13:
10:
9:
6:
4:
3:
2:
964:
953:
950:
948:
945:
943:
940:
938:
935:
934:
932:
912:
908:
902:
899:
887:
883:
877:
874:
862:
858:
852:
849:
837:
836:
831:
824:
821:
809:
805:
799:
796:
791:
785:
782:
770:
769:
764:
757:
754:
742:
738:
732:
729:
725:
719:
716:
704:
703:
698:
691:
688:
684:
678:
676:
674:
670:
658:
654:
648:
645:
633:
629:
623:
621:
617:
605:
601:
595:
592:
580:
576:
570:
568:
564:
558:
556:
553:
548:
546:
538:
536:
534:
530:
526:
518:
516:
513:
506:
502:
500:
495:
491:
487:
486:Merrill Lynch
483:
479:
476:
472:
468:
464:
460:
456:
448:
446:
444:
440:
436:
432:
428:
420:
417:
413:
409:
405:
402:
399:
395:
391:
385:
381:
375:
372:1,100+ stores
371:
365:
361:United States
357:
353:
349:
345:
341:
337:
333:
329:
325:
321:
318:
314:
311:
307:
303:
298:
286:
283:
268:
265:
257:
246:
243:
239:
236:
232:
229:
225:
222:
218:
215: –
214:
210:
209:Find sources:
203:
197:
196:
192:
187:This article
185:
181:
176:
175:
166:
163:
155:
144:
141:
137:
134:
130:
127:
123:
120:
116:
113: –
112:
108:
107:Find sources:
101:
97:
93:
89:
85:
78:
71:
62:
61:
56:
54:
47:
46:
41:
40:
35:
30:
21:
20:
915:. Retrieved
913:. 2019-12-16
910:
901:
890:. Retrieved
888:. 2019-12-16
885:
876:
864:. Retrieved
860:
851:
839:. Retrieved
833:
823:
811:. Retrieved
807:
798:
784:
772:. Retrieved
766:
756:
744:. Retrieved
740:
731:
718:
706:. Retrieved
700:
690:
660:. Retrieved
656:
647:
635:. Retrieved
631:
607:. Retrieved
603:
594:
582:. Retrieved
578:
549:
542:
522:
514:
511:
452:
437:from banks,
426:
425:
351:Headquarters
309:Company type
278:
260:
254:January 2013
251:
241:
234:
227:
220:
208:
188:
158:
152:January 2013
149:
139:
132:
125:
118:
106:
50:
43:
37:
36:Please help
33:
808:www.sec.gov
804:"Form 10-Q"
741:www.sec.gov
737:"Form 10-Q"
657:www.sec.gov
653:"Form 10-Q"
632:www.sec.gov
579:www.sec.gov
575:"Form 10-Q"
529:TMX Finance
523:TitleMax’s
401:Title loans
378:Area served
346:Tracy Young
88:independent
931:Categories
917:2020-04-30
892:2020-04-30
774:August 23,
559:References
539:Criticisms
478:bankruptcy
475:chapter 11
443:title loan
388:Key people
224:newspapers
213:"TitleMax"
191:references
122:newspapers
111:"TitleMax"
96:redirected
39:improve it
708:August 3,
494:Bloomberg
490:DLA Piper
484:acquired
86:that are
45:talk page
604:TitleMax
471:Virginia
407:Services
397:Products
323:Industry
866:17 June
841:7 April
813:17 June
746:17 June
662:17 June
637:17 June
609:17 June
584:17 June
449:History
415:Website
343:Founder
331:Founded
313:Private
238:scholar
136:scholar
100:deleted
240:
233:
226:
219:
211:
138:
131:
124:
117:
109:
92:merged
245:JSTOR
231:books
143:JSTOR
129:books
98:, or
868:2019
843:2016
815:2019
776:2016
748:2019
710:2011
664:2019
639:2019
611:2019
586:2019
217:news
115:news
835:NPR
547:.
193:to
933::
909:.
884:.
859:.
832:.
806:.
765:.
739:.
699:.
672:^
655:.
630:.
619:^
602:.
577:.
566:^
527:,
359:,
204:.
94:,
48:.
920:.
895:.
870:.
845:.
817:.
778:.
750:.
712:.
666:.
641:.
613:.
588:.
285:)
279:(
267:)
261:(
256:)
252:(
242:·
235:·
228:·
221:·
198:.
165:)
159:(
154:)
150:(
140:·
133:·
126:·
119:·
102:.
80:.
55:)
51:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
