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We’re troubled predatory credit in Virginia for over 20 years. The brand new Virginia Impoverishment Legislation Center’s hotline provides counseled a large number of pay check and you may label loan consumers swept up when you look at the a period from obligations.
For many, an expensive pay day loan of a few hundred or so cash due back in one few days rapidly turned into a point up to its necks. Of a lot borrowers sooner wound up expenses alot more into the charges – possibly several thousand dollars way more – than simply they lent to begin with. Lees verder