Check out this article….

Check out this article for exciting news on the growth of TMX!!

Atlanta Business Chronicle

TMX Finance Family of Companies to have 29 percent growth in store numbers this year
As banking companies slowly rebound from the Great Recession, one lender is experiencing unparalleled growth. Savannah-based title loan giant TMX Finance LLC, which runs the TitleMax® chain says it will experience a 29 percent growth in the number of stores at the end of this year. “We expect to end the year at approximately 1333 stores across the TitleMax®, TitleBucks and InstaLoan brands,” VP of finance Kelly Wall told analysts on a May 24 call. It had 1,035 stores at the end of 2012, spanning 12 states.

The privately-held automobile lending company reported a 20 percent revenue growth to $181 million in the first quarter of 2013, from the same period last year. In the first three months of 2013, it opened 74 new stores and closed one. The majority of its new openings were in Texas, Arizona and Virginia to “continue to expand our presence in these markets,” it said. The company also plans to expand its InstaLoan brand in Georgia and Florida.

The lender also significantly increased spending on advertising, according to its proxy filing with the Securities and Exchange Commission dated May 24. “Net income decreased $2 million compared to the first quarter of the prior year, primarily due to increased expenses related to our continued expansion and higher advertising expenses in the first quarter of 2013 versus the prior year,” it stated.

Ruchika Tulshyan
Atlanta Business Chronicle
Date: Tuesday, June 4, 2013, 9:41am EDT

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1 Title-Secured Loans, Secured LOCs and Title Pawns: Maximum pledge amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies for and accepts both the pledge max of $2,500 and Secured LOC max of $4,000. Refinancing is not available for Mississippi or Tennessee Pledge products. Minimum loan amount for title-secured loans in South Carolina is $601.

Must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a credit inquiry and motor vehicle appraisal. Must present valid government issued ID. Certain other eligibility requirements and terms & conditions apply. Loan/LOC/Pawn amounts vary by states and product. LOC customers are subject to a periodic collateral review to maintain credit limit. Proof of income documentation and ability to repay analysis is required in Missouri, Nevada, some Texas locations, and Utah.

2 Personal Unsecured Loans/LOCs: Unsecured loan amounts and products not available in all stores/states. In-Store: Account approval requires satisfaction of all eligibility requirements, including a credit inquiry. Bring in active bank account details (dated within the last 60 days), and a valid government-issued ID to apply. If your bank account statement does not show recurring income deposits, you will need to also bring in proof of income, like a paystub, from within the last 60 days. In AZ, a valid AZ motor vehicle registration in your name is also required. Min $601 in SC. For new personal/unsecured loan customers without SSN or ITIN, max loan amount is $300. Online: If you do not have an SSN or ITIN, please visit us in store to apply. Additional items required for eligibility, including: a valid and active email address and telephone number, and a valid SSN. You must also reside in a state in which we do business (currently AZ, DE, KS, MO, MS, SC, TN, TX, UT or WI). Min $610 in SC. Certain other terms and conditions may apply.

– California, Illinois and Virginia Residents: TitleMax® no longer originates new loans in CA, IL or VA, but continues to service existing loans.

– Please see our California Resident Notice at Collection and Privacy Policy: Submit a Verified Consumer Request to understand what information we collect, disclose, or sell, to request that we delete your information, and/or opt out of selling by clicking Do Not Sell My Personal Information.

– In Georgia, TitleMax offers Title Pawns.

– New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.

– In Nevada, title loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any title loan transaction. Ability to repay analysis with income documentation required.

– In Tennessee, TitleMax offers title pledges, and secured and unsecured Lines of Credit (“LOC”). Only one LOC account allowed per customer, inclusive of other lenders. LOC customers are subject to a periodic income (and collateral, if applicable) review/validation.

– TitleMax of Texas, Inc. and TitleMax Online of Texas, Inc., d/b/a TitleMax acts as Credit Services Organizations to assist customers in obtaining a loan through an unaffiliated third-party lender. Please see store associate for details. Please see Texas Schedule of All Fees. TitleMax does not offer pawn loans or pawn transactions in Texas.

– TitleMax®, TitleBucks®, and InstaLoan®, are not considered competitors. Please see a store associate for details.

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