About LoanMax

LoanMax is a Leader:

LoanMax is a pioneer in the title lending industry, being one of the first lending services willing to meet the needs of consumers looking for short-term financial assistance. We have offered access to credit to thousands of satisfied customers since 1990. Over the past 17 years, we have steadily grown into a national company. We have over 1,000 employees nationwide, and offer competitive salaries as well as health, dental, vision and other benefits to our employees and their families.

What LoanMax does:

LoanMax's goal is to provide professional, straightforward and competitively priced short-term financial assistance. Loan approval is based on the equity in the customer's motor vehicle (which must be owned free and clear) and the customer's ability to repay. Title loans are typically for a 30-day term and around $400. We are an industry leader in the advocacy and enhancement of consumer protections, which include preserving a consumer's right to financial choice.

Who LoanMax serves:

While many people may turn to their credit cards, savings accounts, or home equity loans for needed cash in emergencies, many others simply don't have these options available. Our customers have demonstrated the financial wherewithal to own their vehicle free and clear. Research has shown the need for short-term credit cuts across all economic, educational and other socioeconomic lines. The majority of our customers are hard-working, middle income people who have an unforeseen expense. These expenses often include car repairs, unusually high utility bills, or repairs to an important household item like a hot water heater. We provide an alternative to late fees, overdraft fees, missing work, a lost job opportunity, and tarnished credit ratings. For some, we provide an alternative to selling their vehicle to meet short-term needs.

Why LoanMax customers use our service:

LoanMax customers choose our service for a variety of reasons. Customers find title lending services more accessible and easier to understand than services from other institutions. We charge simple interest which is clearly displayed in bold at the top of our contracts in accordance with the Federal Truth in Lending Act. Our loan product has no hidden fees, no late fees, or over the limit fees. Our underwriting process is not intrusive or unnecessarily time consuming. There are no credit checks or reporting to credit agencies. There is no personal liability as we do not pursue deficiency balances.*