“Caught in a trap”: Virginians describe payday loans to their experiences, urging feds to modify

“Caught in a trap”: Virginians describe payday loans to their experiences, urging feds to <a href="https://personalbadcreditloans.net/reviews/fig-loans-review/"><img src="https://i.pinimg.com/736x/da/5b/7e/da5b7e00d2afc6ef484d485c1d170900--relief-society-things-to-do.jpg " alt="fig loans payment plan"/></a> modify

Experiencing misled, fooled and eventually threatened by high-interest price car and payday name loan providers, Virginians are pleading with federal regulators never to rescind a proposed groundbreaking guideline to rein in abuse.

Tales from almost 100, mounted on a Virginia Poverty Law Center page asking the customer Finance Protection Bureau to not gut the guideline, stated these interest that is triple-digit loans leave them stuck in a type of financial obligation trap.

更多…