TITLEMAX ALERT!! ALERT!! TITLEMAX Ripoff Knoxville Tennessee

You did a great job of explaining the system in a bitter and shallow way. ALL of
the things this bitter ex-employee said is correct. What he did not include is that
the company I once worked for goes VERY into detail about this BEFORE they
let you leave. Ask them, I'm sure you will see that it's true. No one wins when they have to pick up a vehicle. I bet you find folks who want to help you more than you know. IL

I honestly can say I think these posts are hilarious. Yes, I do work for them. And I do loans for people everyday. And never once has I have complaints unless someone is late. There are so many ways to get money, and you, the customer, decided to come to us. Why didn't you go to a bank? Is your credit that bad? How does credit get bad? By not paying your bills. It is sad that the excuse why people do not pay their bills is the lenders fault. You, as the consumer, have every right to thoroughly research any contract before you sign it. So, did a Titlemax employee drag you off the street, put a gun to your head, and make you sign paperwork? Unless for some crazy reason this hapened, you have no reason to blame anyone but yourself. I don't know about other states, but here in Tennessee all title pawns are mandated by the state of Tennessee. They set every rule we have to follow. And guess what, we charge less than anyone else in this business. All we ask is that you pay your bill on time, and if you cannot come by the office and talk to us. What is so hard about that? All we ask is that you act like a responsible adult, not a child who ducks and dodges and complains. I've had customers tell me their mom died and thats why they are late. Then I talk to their mom 2 days later when they still haven't paid. Great morals. So basically, here it is. If you get a loan, pay your bills. If you don't, you make our job harder. People don't understand this is our job. It's not personal. It's business. So do what you agree to do. And advice, just as in any loan, pay it off as quick as you can. Then you pay less interest. Commom sense.

They rip people off on a daily basis. People run into hard times everyday and need money to just get by. Thast where places like TITLEMAX come in. Sure they will give you money, but if your one day late, THERE GOES YOUR CAR!!!!!! People there are better ways to borrow money at a lower rate!!!!

In the State of Tennesee there is the Title Pledge Act which all title pledge businesses must abide by. It is regulated by the Department of Financial Institutions in Nashville. Although there is a lot of papers to sign the consumer has till the end of the next business day to CANCEL the entire transaction at no cost. No new laws are needed to be voted on since there are plenty now. It is a matter of the companies doing business follow them and if not, the Department of Financial Institutions must take action against them. If you have complaints, they should be filed with them in Nashville. They generally examine the individual locations at least once a year.

Im sorry you couldnt pay your bill ontime and they were going to take your car away. But before you go getting mad about the rate you should do your homework. Your rate was at a 9.99 monthly. Check around with other title pawn companies, I bet everyone of them is the STATE MAX of 22% monthly. You want to file a lawsuit because you could not pay your bill and paid 1/2 the intrest of the other companies. Also if you had paid it back in 30 (title pawns are 30 days) it would have been $250. But you must have chosen to rennew the account for another 30 days. It is the same as taking a tv to a pawn shop. It is due every 30 days.
You should of also recived a payback guide with all your payments listed, so you would know how much it would have cost up front.

As Dan was saying in the earlier post. Keyword: Arbitration Provision. It is best to pay off the loan. If you can and as quickly as possible. But once the loan is paid. You file sute on them for excessive interest. And damages caused to you by them. Make sure it is within a year. We are currently filing a class action on Titlemax excessive interest. To find a lawyer type in your google search Titlemax class action. Get on the band wagon. Help in our fight to stop legal robbery. Make sure to add damages you have suffered. (The trouble this loan caused you personaly). It may be lost earnings. ect. Contact your lawyer. Most take their payment when the case is settled. I will update you on my progress. GO GET EM! Oh by the way the ex employee of this company that posted sounds like a current employee to me. Remember trust no one!