Share Your Story
Read the stories of people who have been caught in the debt trap. We know that it is wrong that any working family would be targeted by predatory lenders, but even we were shocked by some of the stories we have heard about car title and payday lenders.
Do you have a story? Share it with us so that we can help others to restore trust in lending by promoting fair lending in Virginia.
Headlines
Payday Lenders Knowingly Violating State Law
A recent Order from the Rockingham County General District Court in Virginia found that the industry-wide payday lender practice of back to back loans is a willful violation of Virginia law. More specifically:
- § 6.1-459. Required and prohibited business methods.
- 6. A licensee shall not refinance, renew or extend any loan.
Joining the 36% Movement
Localities throughout Virginia are examining resolutions to urge the General Assembly to cap payday loan interest rates at 36%. Take a look at the ever-expanding list (.pdf).
You can also help spread the 36% message by downloading this flyer and by calling your General Assembly members at 1-800-211-0914.