Category Archives: Texas Installment Loan Laws

HERRING WARNS VIRGINIANS ABOUT DANGERS OF PREDATORY LOANS

Also legal loans can be economically high-risk and trap customers in a financial obligation period whether released online or with a payday or automobile name loan provider

“These small-dollar loans can work as monetary quicksand, trapping Virginians in a vicious period of financial obligation and high interest levels that will surely cost them hundreds or even 1000s of dollars. Predatory lenders are exploitative and incorrect but regrettably a lot of Virginians find by themselves looking at them if they fall on difficult economic times, ” sa Herring. Continue reading