Employer-Sponsored Alternatives to Payday Loans in Virginia
small dollar loans.2 The payday lending industry in Virginia grew from 604,087 loans and $165 million in total loan value in 2002 to approximately 3.5 million loans and $1.4 billion in total loan value in 2007.3 Also in 2007, the average Virginia payday borrower held more than seven loans, with approximately 94,500 Virginians taking out more ... ................
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