Pay day loans offer fast cash, but charges and interest leave many Virginians deep with debt

With only several days to go to pay money for her last semester at Norfolk State, Nadeen Williamson decided she’d want to spend the entire bill off at when, as opposed to do another education loan.

After Googling “fast money,” she ruled out of the top three names that popped up that she didn’t want a payday or car title loan because she knew from talking to the people who she served at her church’s feeding ministry.

Alternatively she subscribed to a $2,350 loan that is personal a business called NetCredit.

Almost couple of years later on, whenever, she made her last $146 payment that is biweekly she had paid NetCredit significantly more than $7,800.

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