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Archive for the ‘Virginia payday loans near me’ category

Virginia’s biggest payday lender is taking out of this state in front of stricter new laws that may just take effect the following year.

Advance America surrendered its payday and title loan licenses the other day, stated Joe Face, commissioner regarding the Virginia Bureau of banking institutions.

Therefore did Express check always Advance, which stocks a South Carolina head office with Advance America.

A payday loan is a short-term advance as high as $500, guaranteed by a post-dated look for a greater quantity. That surcharge while the interest lenders have now been permitted to fee has amounted into the exact carbon copy of an interest that is annual of up to 818%, Bureau of Financial Institutions information show. Read more »