Breakdown of United States Title Loans (and LoanMax)

Ah, yes, the business you retain. However, if you appear during the extremely nature of name lending, there’s no surprise that is real.

To his credit, Aycox split from their lovers in 1998, due to some extent to the negative promotion surrounding Malnik and Partiss. He began choose Management Resources, which now operates under the names North American Title Loans, LoanMax, and Atlanta Title Loans.

During the early days, choose Management Resources found itself in heated water significantly more than a times that are few. In 1998, Aycox’s business encountered a Federal course action lawsuit that accused it of “victimizing clients by gathering unlawful debts at rates of interest that violate both Georgia’s unlawful usury statute and Federal truth in financing laws and regulations. ”

Last year, the District of Columbia Attorney General sued LoanMax for billing astronomically high, and completely unlawful, interest levels. Continue reading