Beware of payday and other dangerous loans.

Payday lenders have proliferated in Petersburg and the Tri-Cities region. They were made legal under Virginia law not long ago. They are therefore legal, but not right. They are very dangerous to your financial health and well-being. The quick fix you might get from a loan from one of them is simply not worth the very high price you will pay for that loan.
Also known by the euphemism, “deferred deposit service,” payday loans are extremely short-term loans, literally a few days to a couple of weeks. They range in size from a few dollars to $1,000. You can find payday lenders in strip shopping centers, check-cashing services, and even pawnshops. They are usually clustered in and near struggling neighborhoods whose lower-income and minority residents are their prime targets. And these same customers are the ones who can least afford to get involved with a payday loan.

For more information about beware of payday and other dangerous loans, please see on progress-index.com