TitleMax has just opened an additional location in Cincinnati, on Colerain Avenue. Open from 9:00 am to 7:00 pm Monday through Friday, and 10:00 am to 4:00 pm on Saturday, the store allows people to use their lien-free car as collateral to take out a short-term loan.
TitleMax is a subsidiary of TMX Finance, which furnishes financial products to consumers who have no alternatives to traditional credit. It was founded in 1998, and now has more than 1,375 locations in 17 states, providing loans to more than 2,500 people daily on a daily basis.
Otto Bielss, TMX Finance's Senior VP of Operations, has said he is “thrilled” to be able to offer the company’s services to people in Cincinnati and the surrounding area. He adds that by opening new TitleMax locations, the company can help even more people get the money they need quickly.
In order to take advantage of TitleMax's services, a patron needs a lien-free, or clear, title to a car, as well as an ID issued by the government. Using these items, an individual can qualify for a loan of up to $10,000 while still driving their car.
Newly opened outlets like the TitleMax store can work with a poster printing company to create attractive displays for the new store's windows, inviting patrons to pay a visit.
