Three companies dominate the automobile name loan industry. The name loan industry is fragmented, with lots of players which range from little mom-and-pop places to nationwide operators with a huge number of places.
The name loan industry is fragmented, with a large number of players which range from tiny mom-and-pop areas to nationwide operators with a huge number of places.
The name loan industry is fragmented, with lots of players which range from tiny locations that are mom-and-pop nationwide operators with a large number of places. It is hard to monitor them because many are independently held. In addition they usually hide behind “dba” entities. But check out of this larger players:
TMX Finance: Headquartered in Savannah, Ga., TMX could be the title-lending industry’s biggest player, running almost 1,500 shops in 18 states as TitleMax. The company that is 17-year-old had economic difficulty of its very very own: TitleMax filed for Chapter 11 bankruptcy last year with regards to could not pay off a $165 million loan from Merrill Lynch. The reorganized business exited bankruptcy almost a 12 months later on and has now significantly more than doubled its shop count since. Other brands it offers under include TitleBucks, EquityAuto Loan and InstaLoan. It offers significantly more than 4,300 employees nationwide.
Community Loans of America: The independently held Atlanta-based business was established in 1994 and operates over the Southern and Midwest under nameplates such as Carolina payday advances, Illinois Title Loans and Fast automobile financing.