Biggest title loan lenders in 2016

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TMG Loan Processing

Although this company is not a title loan lender they are the largest title loan processor which works ONLY with the best title loan companies. Started in 2015, they have ALREADY earned a solid reputation with a 4 1/2 star rating with consumer affairs for title loan brokers and lenders. That is no small trick since Consumer Affairs is independent source for reviews and no-one can control the results. They do car title loans for the most part and work 7 days a week and even get people funded on the weekend. What makes them so different is they don’t get paid unless you get funded so they have skin in the game and they get paid from the lender, not you so it’s free to you. Sometimes they get pretty busy because they are growing so fast but this company is the “go to” people to solve problems with title loans… they can even take people with title loans and get them BETTER RATES and LOWER PAYMENTS from other lenders when they start the process. A true powerhouse and one to watch.

 

LoanMart:

Loanmart used to be known as 800LoanMart but now they go by LoanMart. In California they are clearly the largest but no so much in other states. They serve many states with basically two different loan products; car title loans, personal loans (California ONLY) .  Their association with celebrities, sports teams and their charitable donations make this company a class act. What most of the public does not know is that they are FLEXIBLE too. Working with an underwriter is like working with a friend who understands so it makes sense to just tell them what is going on and let them help you.

 

TitleMax

This powerhouse of a company has locations – actual brick and mortar locations, nationwide. They pride themselves on getting a loan in 30 minutes or less. Although they are based in Savannah Georgia the company has over 1150 stores in over eighteen states. They have perfected the art of getting money fast and they fund motorcycles! Credit problems? They don’t check.

 

CLA (Community Loans of America)

With over 200 locations mostly in Illinois and with two brands, they are an usually not known very well unless you know their local brand. but clearly there is a lot of them.

 

Speedy Cash

Speedy cash is mostly a payday loan company but their explosive growth in the title loan industry is hard to miss. They mostly do business as Speedy cash but also operate in Nevada, Oregon and Washington under the name of Rapid Cash.