Disappointed in my experience with TitleMax. Perhaps it's common knowledge you have to have proof of income to get a loan, but it was unknown to me. I thought handing over your title was more than enough to get a loan. Either you pay to get it back or TitleMax takes possession of your car. What difference does it make how they obtain the money??
I went in with title in hand and when asked about proof of income I explained that it comes from my father's estate. Somewhat like a trust. I showed bank statements to show that I receive a livable amount of funds every month and have for the last year. Despite that I was told it's not proof of income.
I then called the customer service number in Dallas and asked for further assistance, how I could go about providing proof. Very little was offered and the person on the other end seemed very uninterested in helping me.
It seems TitleMax is more if you have a job, but have unexpected expenses and can payback with your next paycheck. Otherwise they don't seem to be an option.