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Part of the LoanMax Title Loans chain · locations
LoanMax Title Loans in Edgewood, KY
Edgewood, KY LoanMax Title Loans at 998 Dudley Rd offers quick payday and title loans with convenient weekend hours.
Data compiled from public sources · Rating from CreditDoc methodology
LoanMax Title Loans Review
Located at 998 Dudley Rd in Edgewood, KY, LoanMax Title Loans is a standalone payday and title loan storefront serving the local community. The branch operates Monday through Friday from 10 AM to 6 PM, and Saturday from 9 AM to 2 PM, giving Edgewood residents convenient access to quick title loan solutions when they need emergency cash. The storefront is open and accessible during these hours for walk-in customers looking for fast approval.
At the Edgewood location, you can apply for title loans or payday loans directly with the knowledgeable staff. Simply call +1 859-594-2770 to speak with a representative about your loan options, current rates, or to get pre-approved. The team at this Edgewood branch can walk you through the application process and answer any questions you may have about terms, interest rates, or required documentation.
If you're an Edgewood, KY resident in need of quick cash, bring a valid government-issued ID, proof of income, and your vehicle title to your appointment. LoanMax Title Loans specializes in providing same-day or next-day funding for eligible applicants. Visit 998 Dudley Rd or call ahead to confirm current hours and eligibility requirements before your visit.
Services & Features
Auto title loans (car title loans)
Cash loans on car titles up to $10,000
Cash payment acceptance
Check payment acceptance
Debit card payment acceptance
In-person loan applications at branch locations
Multi-state branch network (MI, VA, DE, SC, NM, NV and others)
Online payment portal for existing borrowers
Saturday branch access (9AM–2PM)
Vehicle equity evaluation
Western Union payment acceptance
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Founded in 1990 — 35+ years of operating history, one of the older title lenders in the US
- Loans up to $10,000, higher ceiling than typical payday or emergency cash lenders
- Minimal documentation required: vehicle, photo ID, and clear title only
- Four payment methods accepted: cash, check, debit card, and Western Union
- Online payment portal available for existing borrowers
- Saturday hours (9AM–2PM) provide weekend access for borrowers who work weekdays
- Licensed and regulated in multiple states with state-specific consumer disclosures provided
Cons
- Interest rates and APR are not disclosed on location pages — major transparency gap
- Vehicle repossession risk if borrower defaults — borrower loses their primary asset
- Collateral required: only available to consumers who own their vehicle outright with clear title
- Limited hours (closes 6PM weekdays, 2PM Saturday) and in-person-only application process
- Nevada and general disclosures explicitly warn this product is not a long-term financial solution
Rating Breakdown
Value 2.0
Effectiveness 1.5
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
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Frequently Asked Questions
Is LoanMax Title Loans legitimate?
Yes. LoanMax Title Loans is a registered company, headquartered in 998 Dudley Rd, Edgewood, KY 41017.
Quick Facts
- Headquarters
- 998 Dudley Rd, Edgewood, KY 41017
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on LoanMax Title Loans
LoanMax is best suited for vehicle owners with a clear title who need fast access to larger emergency cash amounts ($1,000–$10,000) and cannot qualify for personal loans or credit union alternatives. The primary caveat is significant: title loans put the borrower's vehicle at repossession risk, interest rates are not published on their site, and the company's own state disclosures characterize the product as a short-term-only solution — making it a last resort rather than a first choice.
Best For
- Vehicle owners who hold a clear title and need $1,000–$10,000 quickly
- Borrowers with poor or no credit who cannot qualify for personal loans or credit cards
- Consumers who have exhausted payday alternatives and need a larger emergency amount
- People in Michigan and other licensed states needing a regulated (not unlicensed) title lender
Updated 2026-04-29
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Financial Wellness Guides
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Read guide →Financial Terms Explained (10 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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