GeneralCornerstone Discussion

Who owns LoanMax?

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LoanMax is owned by Select Management Resources, a company founded and led by Rod Aycox in Alpharetta, Georgia .

Corporate Structure:

  • Parent Company: Select Management Resources
  • Founder/Top Official: Rod Aycox
  • Operating Entity: LoanMax Title Loans, LLC (also known as North American Title Loans, LLC in some states) 
  • Headquarters: 3440 Preston Ridge Rd Ste 500, Alpharetta, GA 30005-3823 

The Danger Warning:

If you encounter a "LoanMax" app on the Google Play Store claiming to offer instant loans without a physical store, DO NOT DOWNLOAD IT. LoanMax's real business requires you to visit a physical location, show your car, and sign papers. LoanMax does not operate exclusively through an app. Any app-only version is likely an impersonator scam designed to steal your personal information and contacts.

What LoanMax Has Fought to Hide:

In 2017, the Supreme Court of Virginia sided with LoanMax, allowing it to keep secret:

  • How many cars it repossesses each year
  • How many judgments it obtains against borrowers
  • Its average loan amounts 

If a lender fights to hide this data, consider that a massive warning sign.


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