Jennifer RobisonLas Las Vegas Review-Journal
The name loan industry is fragmented, with a large number of players which range from tiny mom-and-pop places to nationwide operators with a huge number of places.
The name loan industry is fragmented, with lots of players which range from little mom-and-pop areas to nationwide operators with large number of places. It is hard to track them since most are privately held. In addition they usually hide behind «dba» entities. But below are a few associated with 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 17-year-old business has had economic trouble of their own: TitleMax filed for Chapter 11 bankruptcy during 2009 with regards to could not repay a $165 million loan from Merrill Lynch. The reorganized business exited bankruptcy almost a year later on and it has significantly more than doubled its shop count since. Other brands it offers under include TitleBucks, EquityAuto Loan and InstaLoan. This has a lot more than 4,300 employees nationwide.
Community Loans of America: The privately held Atlanta-based business ended up online payday MS being established in 1994 and operates over the Southern and Midwest under nameplates offering Carolina pay day loans, Illinois Title Loans and Fast automotive loans. This has 1,800 workers and much more than 200 areas. The organization has faced class-action legal actions when you look at the Southern over allegations of earning predatory loans to armed forces workers.