Most online loans are illegal in Virginia. Payday and other online lenders often prey on consumers who are in the most desperate financial situations and many think there is just no way out. We can help you stand up to these companies.
Payday and other online lenders often prey on consumers who are in the most desperate financial situations. With their sky-high interest rates and restrictive contract terms, most consumers think they are stuck in the online payday lending trap. However, that is not the case. First, most online loans are illegal in Virginia. What is worse is that these lenders often hide behind the anonymity of the internet to try to avoid complying with various state and federal laws designed to protect consumers. For more information about your rights go to: http://www.virginiafairloans.org/.
Online lenders are ruthless and will make illegal threats, sell your private, personal information, report false information on your credit reports and even demand payment of monies that you do not owe. If you took out an online loan and would like to see if you may have a potential claim to stand up to these companies, please contact our attorneys in the consumer rights litigation group.