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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]
The Tennessee Department of Financial Institutions (TDFI) is a Cabinet-level agency within Tennessee state government, currently led by Greg Gonzales, Commissioner of Financial Institutions. The department is responsible for regulating Tennessee's banking system, including state-chartered banks and credit unions , and handling consumer ...
TitleMax serves individuals who generally have limited access to consumer credit from banks, thrift institutions, credit card lenders, and other traditional sources of consumer credit. [3] TitleMax offers title loan and title pawn products which allow customers to meet their liquidity needs by borrowing against the value of their vehicles while ...
A car title loan, or “pink slip loan,” allows you to borrow anywhere from 25 percent to 50 percent of the value of your vehicle in exchange for giving the lender the title to your vehicle as ...
Lender’s (loan) title insurance. Owner’s title insurance. ... So a lender’s title insurance policy would cost you around $1,167 assuming the average rate of $3.50 per $1,000 (or $350 per ...
The high costs of title loans also may outweigh the initial access to cash. Rates equivalent to 300 percent are not uncommon, according to Experian. Consider some alternatives to title loans that ...
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