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Let me make it clear about As restrictions hit payday advances, lenders change strategies

Let me make it clear about As restrictions hit payday advances, lenders change strategies

For many years, payday lenders expanded throughout Virginia, advertising and marketing quick money to borrowers which have a job and a bank bank account.

That is changing in to the wake for the latest state directions that took effect Jan. 1 . Much more of this shop front part financial institutions now can sell larger loans, including car-title loans, that fall not in the selection of state legislation.

Some also have surrendered their payday-lending licenses to spotlight these open-end lines of credit.