Marylanders can not visit Virginia to get high-cost loans that are car-title

Marylanders can not visit Virginia to get high-cost loans that are car-title

Do not take action, Virginia!

Our neighbor towards the south is legislation that is weighing will allow loan providers here in order to make car-title loans with triple-digit interest levels to customers in Maryland along with other states. This just four months after Virginia loan providers had been prohibited from making loans that are such of state.

Car-title loans, which enable you to borrow on the worth of one’s automobile, are such bad discounts that a lot more than 50 % of the states, including Maryland, fundamentally do not allow them.

Read moreMarylanders can not visit Virginia to get high-cost loans that are car-title