What is "titlemax"

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. 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. Many locations are in former fast food outlets which the company renovates.