TMX Finance LLC Consumer Loan Complaint

Title loan Lender repossessed or sold the vehicle lender repossessed or sold the vehicle

TMX Finance LLC Consumer Loan department,

Title loan Lender repossessed or sold the vehicle Lender repossessed or sold the vehicle Maryland

I took out a title loan for $2600.00 from Titlemax on -/-/2015. The company advertised same day cash. When I finished the paperwork the company cut me a check which was a breach of the agreement. I took the check to the bank it was drawn off of, -, and they informed me they could not honor the check until they spoke directly with the guarantor of the check. I called the location and the check was no honored until the following day. I am currently 19 days past the due date of my loan and Titlemax has sent a truck to repossess my vehicle. I called Titlemax after they opened to take care of the overage and was initially told I would have to make 2 months payments. After getting to the location I was then informed I would have to pay the full balance of the loan. I asked them for a copy of the loan and on the contract it showed that $2700.00 was actually financed. They also told me I would have to pay and additional $400.00 for the towing fees. This is an attempt to strong arm me out of my vehicle. Also they told me I could NOT sue them in court and when I looked over the contract again there is a stipulation in there that you wave all rights to sue them in court for disputes.

TMX Finance LLC customer in Maryland
Oct 26, 2015

* Source: CFPB Complaint Database

TMX Finance LLC response to complaint:
Closed with explanation

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