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LoanMax Title Loans at 6109 E Virginia Beach Blvd Suite A, Norfolk, VA 23502 is Mon-Fri 10:00 AM – 6:00 PM. Google reviewers rate the branch 4.9 stars across 110 reviews. Call +1 757-932-2630.
Data compiled from public sources
LoanMax Title Loans was founded in 1990 in Jonesboro, Georgia, and has operated for over 25 years as a title loan provider. The company positions itself as helping "hardworking Americans use the equity in their vehicle to access the cash they need." They operate multiple physical locations across the country, including five confirmed locations in the Michigan area (Southgate, Taylor, Garden City, Detroit, and Center Line), with the Southgate location at 12850 Eureka Road operating Monday-Friday 10 AM–6 PM and Saturday 9 AM–2 PM.
LoanMax's primary service is auto title loans, which allow customers to borrow up to $10,000 by using their vehicle title as collateral. The application process is streamlined: customers need only provide their vehicle, a photo ID, and a clear vehicle title. The company accepts multiple payment methods including cash, check, debit card, and Western Union. Loan amounts and approval are stated to be subject to vehicle evaluation and ability to repay. The company also offers online account management features including login, registration, and online payment options.
LoanMax distinguishes itself through its established 25-year track record and multi-state presence, suggesting operational scale and regulatory experience. The company maintains compliance with state-specific regulations across multiple jurisdictions (Virginia, Delaware, South Carolina, New Mexico, Nevada, and Michigan), with visible licensing information and consumer rights documentation provided on their website. They offer a toll-free application line (877-511-CASH) and maintain listed disclosure of state-mandated consumer information brochures and maximum rate schedules where applicable.
However, title loans are inherently high-cost short-term debt products. Nevada's own disclosure warns that "title loans should be used for short-term financial needs only and not as a long-term financial solution." The website provides no APR, interest rate, or fee information, making cost comparison impossible from available materials. Borrowers risk vehicle repossession if unable to repay, and the lack of published rates makes it difficult to assess whether LoanMax's terms are competitive within the title loan market.
Review lender profiles, APR ranges, fees, minimum-score fields, and funding-speed notes before deciding what to do next.
This is state-level context for Emergency Cash consumers in Norfolk, VA. It does not confirm that LoanMax Title Loans or this specific location is licensed.
State regulator
Virginia Bureau of Financial Institutions
Consumer protection
Status: Permitted
Rate context: 36% APR cap (Fairness in Lending Act, 2020); treated as short-term consumer loans
Amount context: $2,500
Term context: 720 days
Payday loans are heavily restricted and recharacterized as short-term consumer loans under the 2020 Fairness in Lending Act. Maximum loan amount is $2,500 with a maximum 24-month (720-day) term. Lenders must report to Virginia's loan database to prevent multiple simultaneous loans. Only one outstanding short-term loan permitted per consumer.
Status: Permitted
Rate context: 36% APR (Fairness in Lending Act, 2020)
Installment loans are permissible under Virginia law and are subject to the same 36% APR cap as other consumer loans. Loans must be for a reasonable term and lenders must be licensed by the Bureau of Financial Institutions.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
LoanMax Title Loans offers 10 services including Auto title loans up to $10,000, Same-day or expedited loan funding, Vehicle evaluation and title-based lending, Online account registration and login, Online payment portal, and 5 more.
LoanMax Title Loans has profile signals associated with Vehicle owners facing genuine emergencies (medical, eviction, utilities) who can repay within the loan term, Borrowers with poor credit unable to qualify for personal loans or credit cards who own paid-off or mostly-paid vehicles, Individuals needing $5,000+ who would face excessive costs or rejection through payday loan alternatives.
Key strengths: Fast funding available with same-day or next-day approval process for emergency cash needs; Loans up to $10,000 provide significantly more cash than typical payday loans ($300-$500); Simple application requiring only vehicle, photo ID, and clear title—eligibility claim to verify implied. Areas to consider: No APR, interest rates, or fee schedule published on website—cost structure completely opaque to potential borrowers; Vehicle repossession risk if loan cannot be repaid, creating serious consequences for transportation-dependent borrowers.
In the Emergency Cash category, comparable providers include ACE Cash Express, ACE Cash Express, Rocket Payday Loans. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
LoanMax Title Loans is profile signals for vehicle owners facing genuine emergencies who can afford to repay within months and have no alternative access to $5,000+. The critical caveat is that APR and fees are completely undisclosed on the website—borrowers must call or visit in-person to learn true costs, and title loans typically carry 100%+ APR. Repossession risk makes this unsuitable for anyone whose vehicle is essential to employment or survival.
Norfolk, VA's ACE Cash Express at 6040 E Virginia Beach Blvd offers payday and title-loan profile details during convenient weekday and Saturday hours.
Profile signals: Consumers researching short-term cash access and willing to visit a physical location, People who need check cashing, bill payment, or money transfer services in addition to emergency loans
Virginia Beach, VA's ACE Cash Express at 1496 Lynnhaven Parkway provides payday and title-loan profile details during convenient weekday and weekend hours.
Profile signals: Consumers needing immediate emergency cash ($100-$1,000 range) with listed funding timing, Individuals seeking title loans who own a vehicle and need quick collateral-based borrowing
Rocket Payday Loans is a loan marketplace connecting borrowers to third-party lenders offering payday loans up to $5,000 with same-day or fast funding for emergency cash needs.
Profile signals: Borrowers with poor or bad credit seeking fast emergency cash for short-term needs, Individuals without traditional lending access who are comparing listed funding timing
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
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.
Lenders are required to 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 lower-cost 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.
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.
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.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
The Military Lending Act protects active-duty servicemembers and their families from high-cost 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.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
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.
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.
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.
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.
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.
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.'
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.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
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 may only be required to repay the principal — no interest or fees.
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.
Cash advances are a repeat-borrowing risk: 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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