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More than 102,815 Virginians grabbed away over $137 billion in car title financing from inside the 2019, and you may almost ten,100000 Virginians had their cars repossessed and offered to possess inability so you’re able to pay off an auto label loan
Actually legal financing will be financially risky and you will trap consumers in the a debt course; Herring served full predatory lending reforms just last year one to ran for the feeling
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