The name loan industry is fragmented, with lots of players including little mom-and-pop places to nationwide operators with lots and lots of areas.
The name loan industry is fragmented, with a large number of players which range from tiny mom-and-pop places to nationwide operators with lots and lots of places. It really is tough to monitor them since most are privately held. Additionally they usually hide behind «dba» entities. But below are a few for the larger players:
TMX Finance: Headquartered in Savannah, Ga., TMX could be the title-lending industry’s player that is biggest, running almost 1,500 shops in 18 states as TitleMax. The company that is 17-year-old had economic difficulty of its 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 contains a lot more than doubled its shop count since. Other brands it offers under include TitleBucks, EquityAuto Loan and InstaLoan. This has significantly more than 4,300 employees nationwide.
Community Loans of America: The independently held company that is atlanta-based launched in 1994 and runs over the Southern and Midwest under nameplates such as Carolina pay day loans, Illinois Title Loans and Fast automobile financing. This has 1,800 workers and much more than 200 places. Continuar leyendo «Three organizations dominate the vehicle title loan industry»