El Charro Cambio De Cheques
El Charro Cambio De Cheques is a check-cashing service located in Albuquerque offering currency exchange and financial transaction services.
Contact
BBB: NR
Loanmax Title Loans
LoanMax Title Loans is a national auto title lender founded in 1990, offering cash loans up to $10,000 using your vehicle's equity with minimal paperwork.
Editorially reviewed by Harvey Brooks
Loanmax Title Loans Review
LoanMax Title Loans was founded in 1990 in Jonesboro, Georgia, and has grown into one of the larger dedicated auto title loan companies in the United States. Operating for over three decades, the company is managed through Select Management Resources (corporate address: 3440 Preston Ridge Rd., Suite 500, Alpharetta, GA 30005) and maintains a multi-state footprint with several locations in the Las Vegas, Nevada metro area alone. The company positions itself as a resource for working Americans who need to leverage the equity in their paid-off vehicles to access fast cash.
LoanMax offers car and auto title loans secured by the borrower's vehicle, with advertised loan amounts up to $10,000. The application process is designed to be fast and documentation-light — borrowers need only their vehicle, a government-issued photo ID, and a clear (lien-free) vehicle title. Accepted payment methods at Las Vegas locations include cash, check, debit card, and Western Union, and online payment is also available through the company's website. Stores are open Monday through Friday 10AM–6PM and Saturday 9AM–2PM, with multiple Nevada locations available for in-person service.
What distinguishes LoanMax from smaller or newer title lenders is its longevity and geographic scale. Having operated since 1990, the company has established regulatory compliance infrastructure across multiple states, with licensed operations in Virginia, Delaware, South Carolina, New Mexico, Michigan, and Nevada, among others. The company explicitly discloses state-specific consumer rights, license numbers, and complaint channels — which reflects a level of regulatory transparency not universal in the title lending industry. The Las Vegas area alone has at least five locations, offering accessibility across the metro.
That said, title loans are a high-cost credit product, and LoanMax's own Nevada disclosure acknowledges this directly: 'Title loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any title loan transaction.' The website does not publish APR ranges, fee schedules, or representative loan cost examples — making it impossible to evaluate cost transparency without visiting a store. Borrowers who cannot repay risk losing their vehicle, which may be their primary asset. This product is best suited as a last resort for vehicle-owning borrowers who have exhausted lower-cost options.
Services & Features
Car title loans
Auto title loans
Cash loans secured by vehicle equity
Loans up to $10,000
In-store cash disbursement
Cash payment acceptance
Check payment acceptance
Debit card payment acceptance
Western Union payment acceptance
Online account portal and payment
Multi-location in-person service (Las Vegas metro)
State-licensed lending with published consumer rights disclosures
Feature Checklist
Credit Education
Identity Theft Protection
Score Tracking
Mobile App
Online Portal
Personal Advisor
Pros & Cons
Pros
- Founded in 1990 — over 35 years of operating history in title lending
- Loans up to $10,000, higher ceiling than many payday or emergency cash lenders
- Minimal documentation required: vehicle, photo ID, and clear title only
- Multiple payment methods accepted: Cash, Check, Debit Card, and Western Union
- Saturday hours available (9AM–2PM) at Las Vegas locations
- Five Las Vegas metro locations provide geographic accessibility
- State-specific licensing and consumer rights disclosures published on the website
Cons
- No APR, rate, or fee information published on the website — costs unknown before visiting a store
- Vehicle must be fully paid off with a clear title — excludes borrowers still financing their car
- Website itself warns Nevada customers against using title loans as long-term financial solutions
- Closed Sundays; limited evening hours may be inconvenient for working borrowers
- Failure to repay puts the borrower's vehicle at risk of repossession
Rating Breakdown
Value 0.0
Effectiveness 0.0
Customer Service 5.0
Transparency 0.0
Ease of Use 0.0
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Frequently Asked Questions
Is Loanmax Title Loans legitimate?
Yes. Loanmax Title Loans is a registered company headquartered in 4625 4th St NW, Albuquerque, NM 87107. They hold a NR rating with the Better Business Bureau.
Quick Facts
- Headquarters
- 4625 4th St NW, Albuquerque, NM 87107
- BBB Rating
- NR
- BBB Accredited
- No
- Starting Price
- Free to Use
- Setup Fee
- None
- Free Consultation
- Yes
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Loanmax Title Loans
LoanMax Title Loans is best for vehicle owners with a clear title who need fast access to larger emergency cash amounts (up to $10,000) and cannot qualify for unsecured credit. The main caveat is that APR and fee information is not disclosed online, and the company's own Nevada disclaimer flags title loans as a short-term-only product — borrowers should exhaust lower-cost options before applying.
Best For
- Vehicle owners with a clear, lien-free title who need fast cash and have few other options
- Borrowers with poor or no credit who cannot qualify for personal loans or credit cards
- Nevada residents needing access to up to $10,000 quickly with same-day processing
- Consumers in a short-term cash emergency who have a concrete repayment plan
Updated 2026-03-21
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Read guide →Financial Terms Explained (9 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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