Jennifer RobisonLas Sin City Review-Journal
The title finance market is fragmented, with lots of participants including little mom-and-pop areas to across the country workers with thousands of regions.
The title funding industry is disconnected, with a lot of users between tiny mom-and-pop areas to all over the country workers with a huge number of locations. It’s hard to track all of them since most happen to be privately owned. Additionally, they regularly hide behind “dba” entities. But check out associated with big members:
TMX Finance: based in Savannah, Ga., TMX certainly is the title-lending business’s most significant member, working nearly 1,500 storehouse in 18 claims as TitleMax. The 17-year-old corporation has produced economic stress of their very own: TitleMax submitted for segment 11 case of bankruptcy in ’09 with regards to could not pay off a $165 million debt from Merrill Lynch. [Read more...]