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Home / News Stories / Ten percent of state households take short-term, high-interest loans (access required)

Ten percent of state households take short-term, high-interest loans (access required)

Nearly 10 percent of Virginia households have borrowed money from short-term, high-interest payday, pawnshop and auto-title loans to make ends meet. A University of Virginia study released last week shows that more than 275,000 financially struggling families in Virginia have turned to alternative financial-service providers to pay for basic needs such as food, housing and transportation. ...

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