Their state is using aim at an organization which was pressed out of this cash advance company in Pennsylvania but has came back with an equivalent short-term, high-cost product.
Advance America, the country’s payday lender that is www.paydayloansvirginia.org/ largest, delivers a «Selection personal credit line» product which allows clients searching for fast cash borrow as much as $500.
Their state Department of Banking filed suit against the company, saying it provides lines of credit to borrowers without a license and with interest and fees that exceed what state law allows wednesday.