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http://personalmoneystore.com/moneyblog/2009/02/11/online-payday-loans-virginia/ Payday Lenders in Virginia face regulations

We may see an uptick in the number of online payday loans borrowed in Virginia if the legislature runs payday lenders out of the state.

It looks like Virginia might be heading in the same direction as New Hampshire, where Advance America has announced it will close its 24 stores.
Virginia legislation

Already Virginia has passed laws that extend repayment periods and limit the number of sequential loans a borrower can get. Last month a senator introduced a bill that would impose a 36 percent interest rate cap on car title loans. The bill would also create a mandatory 25-day grace period during which the companies could charge no interest or fees. To read more on this article please visit... http://personalmoneystore.com/moneyblog/2009/02/11/online-payday-loans-virginia/

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