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More than 102,815 Virginians took out over $137 million in car identity loans inside 2019, and you may nearly ten,100 Virginians had the autos repossessed and you will sold getting incapacity so you’re able to pay off an automible term loan
Also lawful finance will likely be financially risky and you will trap customers during the an obligations course; Herring offered total predatory credit reforms a year ago that ran toward impression