Payday advances offer fast cash, but charges and interest leave many Virginians deep with debt

Payday advances offer fast cash, but charges and interest leave many Virginians deep with debt

With only a couple of days to head to pay money for her last semester at Norfolk State, Nadeen Williamson decided she’d prefer to pay the entire bill off at when, as opposed to do another education loan.

After Googling “fast money,” she ruled out the top three names that popped up because she knew from speaking with the folks whom she served at her church’s feeding ministry that she didn’t require a payday or vehicle name loan.

Williamson is one of the thousands of Virginians that have discovered themselves unexpectedly spending thousands to pay back high-interest short-term loans from businesses which have discovered an easy method across the state’s consumer protection regulations. Leggi tutto “Payday advances offer fast cash, but charges and interest leave many Virginians deep with debt”