I became a Titlemax customer in Oct-2011. I borrowed $500 on my 87 Chevy truck and eventually paid, over time, the $500 back and then borrowed an additional $350 in Oct-2012 just as I was paying off the $500. Titlemax made very good profit from my business as the total amount I've paid them with all charges, etc probably is close to $2,000.
And in the past few months, I had to replace the motor and transmission in my truck to the tune of $1,500 to which I mentioned to the current manager when we were doing the new $350 loan. And my wife's car has had $2000 in repairs this past month, so I missed my Jan 27th payment and was at 34 or 35 days. But I've had a year and a half of good payments and good profit for Titlemax. (By the way, that $350 loan...I still owed $400 on)
When I saw the tow truck last night out my window, backing up to my 87 Chevy truck, my first thought was. [continued below]....
....... "I bet they have a new manager". And when I went in this morning, the customer service rep greated me and said "hi Mr Mathis, are you here to make a payment". I said, "no, I just need some info on my accounts and by the way, do you have a new manager". You should have seen his smile disappear and his solemn nod of affirmation.
So, new manager, truck repo'd...the $400 I owed is now $700 in order to get my truck back within 20 days. I hope all my tools are still in it. And I hated to get money from Titlemax to begin with because I knew I was shaking hands with the devil so to speak. It's just sad that that they came and got an 87 Chevy that I owed $400 for...with a year and a half of solid payments and solid profits for Titlemax. So ...for me...no more Titlemax business and I'll post and tell everyone I see everywhere on the internet and in the world...DO NOT DO A TITLEMAX LOAN...EVER EVER EVER NEVER! One slip....and no consideration is given for your past business.