Stories from Victims
Ms. C is 58, disabled, lives on a meager $1019 per month in Social Security. She has a hard time making ends meet each month. Legitimate financial emergencies spurred her to get payday loans. She now has loans with 5 companies and pays $400 a month just to keep them afloat. She is only able to afford paying the interest, so her original loan principal remains identical to the amount that she borrowed on day one. Every two weeks, she renews one to pay another. Ms. C finds it takes almost an entire day to visit each lender with a modest payment. A payday collector yesterday told her on the phone that someone who didn't pay ended up downtown in jail. Ms. C is terrified that she will spend the last years of her life behind bars.
VaPERL coalition members are working to relieve Ms. C of her loan and offer her legal assistance, assuring her all the while that she will not go to jail. Payday lenders capitalize on the fear that they instill and foster in borrowers that have been caught in their debt traps. DO NOT BE INTIMIDATED. Contact us for more information.
Additional Stories:
- Amy's Story
- Former Payday Employee Story
- The Truth About Title Loans
- George Smith
- The Cycle Caught Me
- The Story of Ms. Opie
- Car Title Loan Story
- Gail's Story
- Karah's Story
- Anonymous Story