improve it or discuss these issues on the talk page . learn how and when to remove these template messages the topic of this article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources titlemax news newspapers books scholar jstor free images january 2013 learn how and when to remove this template message this article relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . january 2013 learn how and when to remove this template message learn how and when to remove this template message titlemax inc. type private employee owned industry title lending founded september 1998 1 columbus georgia headquarters savannah georgia number of locations 1150 stores 2 area served alabama arizona florida georgia illinois mississippi missouri nevada south carolina tennessee texas virginia products title loan services alternative financial services website www.titlemax.com titlemax inc. is a privately title lending business based in savannah georgia . the company has more than 1150 stores in eighteen states . titlemax serves individuals who generally have limited access to consumer credit from banks thrift institutions credit card lender and other traditional sources of consumer credit . 3 titlemax offers a title loan product which allows customers to meet their liquidity needs by borrowing against the value of their vehicles while retaining use of their vehicle during the term of the loan . 3 many locations are in former fast food outlets which the company renovates . contents 1 history 2 sister companies 3 criticisms 4 references history edit on september 1 1998 titlemax opened the first location in columbus georgia . 1 in october 1998 titlemax opened its second location in savannah georgia . many savannah locations were then established and later that year titlemax opened the first out of state store in phenix city alabama . over the next ten years the company continued expanding eventually growing to over 500 locations by the end of 2007 and surpassing 200 000 000 in account receivables . 4 in 2008 titlemax expanded into virginia . in april 2009 titlemax holdings llc filed for chapter 11 bankruptcy . 5 according to titlemax s lawyer at the time the cause of the default was attributed to the maturity of an estimated 165 million loan from merrill lynch & co. 5 in 2008 bank of america acquired merrill lynch & co. . 6 the attorney of dla piper llp in new york city was quoted in an interview conducted by bloomberg as saying it s a solvent company there s a significant amount of equity over the debt . 5 in april 2010 nearly one year after the bankruptcy filing titlemax holdings llc won court approval for reorganization and was able to exit bankruptcy status . 7 since reorganization titlemax continued expanding into other states . 8 a titlemax location in savannah ga where the company is based on august 12 2016 a judge in nevada ordered over 6 000 titlemax contracts to be voided . 9 sister companies edit titlemax s parent company tmx finance changed its name from titlemax holdings llc to tmx finance llc as of june 21 2010 . 10 tmx finance controls over 1450 stores and employs over 3 300 people nationwide . titlebucks and equityauto loan are the sister companies to titlemax . in 1150 stores tmx finance operates as titlemax ; in 130 stores the company uses a titlebucks brand . tmx finance also offers a second lien automobile product in georgia under the equityauto loan brand with operations conducted within 122 titlemax stores and through 4 standalone stores . criticisms edit titlemax has received criticism for predatory lending . 11 references edit a b tmx finance llc . amendement no. 2 to form s 4 filed april 19 2011 management s discussion and analysis of financial condition and results of operations p. 29 . https www.titlemax.com a b tmx finance llc . amendment no. 2 to form s 4 filed april 19 2011 summary the company p. 1 . tmx finance llc . form s 4 filed february 11 2011 summary historical financial and operating data p. 9 . a b c larson eric . titlemax seeks bankruptcy protection in georgia update2 bloomberg april 20 2009 accessed august 3 2011 . bruno joe september 15 2008 . bank of america buys merrill lynch . the washington times . retrieved august 3 2011 . jeffrey donald . titlemax reorganization plan confirmed by bankruptcy judge attorney says bloomberg april 12 2010 accessed august 3 2011 . tmx finance llc . form 8 k filed july 19 2011 recent results p. 2 . chen adelaide august 15 2016 . judge orders thousands of titlemax contracts be voided . las vegas review journal . retrieved august 23 2016 . tmx finance llc . form 10 q filed may 27 2011 nature of business p. 6 . pope michael 28 november 2015 . car title loan borrowers should be wary of requirements . npr . retrieved 7 april 2016 . retrieved from https en.wikipedia.org w index.php title titlemax & oldid 735960069 categories companies based in savannah georgiacompanies established in 19981998 establishments in georgia u.s. state hidden categories articles with topics of unclear notability from january 2013all articles with topics of unclear notabilityarticles lacking reliable references from january 2013all articles lacking reliable referencespages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 24 august 2016 at 06 56 . text is available under the creative commons attribution sharealike license ; 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