TitleMax claims it fills a void having broadening legions men and women financial institutions won’t touching. As opposed to banks, it will not look at an effective borrower’s borrowing from the bank prior to providing a loan or declaration non-payments to help you credit bureaus.

TitleMax guarantees dollars within 30 minutes. The leading windows away from a store from inside the Charlottesville, Virginia, screams aside instantaneous recognition and you may bankruptcy proceeding Ok.

A tad bit more than a couple of faraway, rival LoanMax has the newest slogan: we say sure. A hand-scrawled content with the store windows checks out: Refer a buddy. Score $100.

Neither TitleMax nor its competitors promote any apology on the often-punishing fees they extract of those who work in demand for surrogate banking. Read more