$6.5M TitleMax, InstaLoan, TitleBucks data breach class action settlement

TMX Finance agreed to a $6.5 million class action lawsuit settlement to resolve claims that it failed to prevent a 2022-2023 data breach that compromised consumer information.

The class action settlement benefits individuals whose personal information was compromised in the TMX Finance data breach between Feb. 3 and Feb. 14, 2023.

According to the data breach class action lawsuit, TMX Finance failed to protect consumer information accessed in 2023 that reportedly compromised sensitive information such as names, Social Security numbers, driver’s license numbers and financial account information.

TMX Finance is a financial services company that offers loans through several brands, including TitleMax, TitleBucks and InstaLoan.

TMX Finance has not admitted any wrongdoing but agreed to pay $6.5 million to resolve the data breach class action lawsuit.

Under the terms of the TMX Finance data breach settlement, class members can receive up to $35 for undocumented losses related to the data breach, such as time spent dealing with breach-related issues and emotional distress. Payments are subject to a $4.5 million cap and could be reduced on a pro rata basis.

Class members can also receive up to $500 for documented losses related to the data breach, such as identity theft, fraudulent charges and professional fees. Payments are subject to a $2 million cap and could be reduced on a pro rata basis.

Class members who do not file a claim will receive a one-time credit of $20 applied to any outstanding balance owed to TMX Finance. If a class member owes less than $20, their account will be reduced to $0.

The deadline for exclusion and objection is July 7, 2025.

The final approval hearing for the TMX Finance data breach settlement is scheduled for Aug. 12, 2025.

To receive settlement benefits, class members must submit a valid claim form by Aug. 6, 2025.

Who’s Eligible

TitleMax, TitleBucks, InstaLoan and other TMX customers whose personal information was accessed, stolen, impacted or compromised as a result of the TMX data breach announced in February 2023.

Potential Award

Up to $35 for undocumented expenses and up to $500 for documented losses. Alternative $20 payout.

Proof of Purchase

Receipts, bills, invoices, account statements, tax documents, police reports, identity theft reports, professional letters or other documentation.

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

08/06/2025

Case Name

Kolstedt, et al. v. TMX Finance Corporate Services Inc., et al., Case No. 4:23-cv-00076-RSB-CLR, in the U.S. District Court for the Southern District of Georgia Savannah Division

Final Hearing

08/12/2025

Settlement Website

TMXDataSecuritySettlement.com

Claims Administrator

TMX Data Settlement
c/o Settlement Administrator
P.O. Box 25043
Santa Ana, CA 92799
[email protected]
833-296-0855

Class Counsel

MaryBeth V. Gibson
GIBSON CONSUMER LAW GROUP LLC

Kelly K. Iverson
LYNCH CARPENTER LLP

Amy Keller
DICELLO LEVITT LLP

Defense Counsel

Kristine M. Brown
Donald M. Houser
Gavin Reinke
ALSTON & BIRD LLP