Who owns LoanMax?
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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