Virginia’s largest payday loan provider is taking out regarding the state in front of stricter new laws that may simply take effect the following year.

Advance America surrendered its payday and name loan licenses a week ago, said Joe Face, commissioner for the Virginia Bureau of banking institutions.

Therefore did Express always check Advance, which shares a South Carolina headquarters with Advance America.

A payday loan is a short-term advance as high as $500, guaranteed by a post-dated look for an increased quantity. Read the rest of this entry »

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