A class action lawsuit has been filed against Titlemax of Tennessee on behalf of customers. The suit alleges that the company has been charging excessive interest. According to Tennessee state law, the maximum interest that can be charged per month is 9.99%, and the suit claims that Titlemax has been charging 22% per month.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
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Reader Comments
Posted by
LaTisha Cheatham
on
LaTisha Cheatham
on
I have had to get a title loan with them 3 times. they take so much interest and if your late by a day or two they will charge interest everyday and then when you call for the payoff balance they will give you a balance however when you go into the store the balance changes and is usually higher they say due to interest. i fell on hard times and i called them and told them to come get the vehicle. its been 8 months later they still have not and when i try to call corporate they keep re directing me and then when the person i need to speak to answers he doesn't or he hangs up. same with when they call ill answer and hell say he is with title max and hes not there anymore which makes it look like im hanging up and im not.
Posted by
Vernon
on
Vernon
on
I had $2000.00 loan, They tell you your minimum payment due is $280.00 month. That's just too keep them from reposing your vehicle.!!! After 7 payments, I had only paid . 11 cents to the priciple!! 8th and final payment of $2201.00 got my title back with ' Title Max ' NEVER DO THIS LOAN
Posted by
Janet Marshall
on
Janet Marshall
on
I? have been paying over a year just interest on my car and not ever missed a payment or been late. I? still owe more than I? borrowed in the beginning!! This Company is Highway Robert and needs to be shut down!!
I? want to be is a case against Title Max!!
I? want to be is a case against Title Max!!
Posted by
Ruth Taylor
on
Ruth Taylor
on
Titlemax is charging me $324.74 and $50.00monthly on a $25.00 loan for 3days. I went to pay them back on the third day and was told I have to pay it and I may as well keep it for a 3/26-16.
I went in to sign feb 26-16 and march 2-16 the computers was down.
I think it's extremly to much
I went in to sign feb 26-16 and march 2-16 the computers was down.
I think it's extremly to much
Posted by
Tennessee
on
Tennessee
on
I recently took out a loan with Titlemax under the impression that the amount being financed was 1000 and after interest I would be paying back 1129. Of course, after going in to make my first pmt. I was told something completely different. Now I am financing 3300 on a 1000 loan!!! None of this information was disclosed to me and on my contract it even states that amount financed is 1129.
Posted by
Tennessee
on
Tennessee
on
The lady at Titlemax keeps harassing me and my family members the day BEFORE my payment is even due! The interest is eating me up on this. I work from home on the phone and when the lady calls excessively I am missing calls. I will lose my job if this continues.
