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More 102,815 Virginians grabbed away more than $137 million in car label fund in the 2019, and you may almost 10,one hundred thousand Virginians got the automobiles repossessed and you may marketed to own incapacity so you can pay an automible name loan

Even lawful financing are financially high-risk and you will trap consumers inside the a debt cycle; Herring supported total predatory financing reforms a year ago you to went to your impact

RICHMOND () – Throughout the National User Safeguards Week, Attorney Standard iliarize themselves into threats from the small-dollar fund as well as on the web, short-title (earlier pay-day), vehicle label, and discover-end funds, in order to learn their rights when taking aside one of those money. (más…)