Payday loans, online lenders, and harassing debt collectors exploit vulnerable Virginians. These predatory systems target people in crisis. VPLC leads efforts to pass and enforce laws that stop exploitation, all while ensuring Virginians can reclaim financial freedom. We also provide tools and support to help individuals understand their rights, navigate debt, and push back against abusive practices. By addressing both the root causes and the real-life impact, we’re working to build a more just financial system.
Our work in this area includes:
Help for Borrowers Trapped by Predatory Lending
High-interest payday and auto title loans trap thousands of Virginians in cycles of debt. Our Predatory Loan Helpline offers practical support and advocacy for borrowers seeking a way out. We provide:
- One-on-one assistance to borrowers harmed by high-cost lending.
- Guidance on debt relief options and legal rights.
- Access to legal aid resources, financial assistance programs, and options for filing a complaint.
- Insight into abuse trends that inform future policy reform.
Defending Consumers in High-Cost Retail Financing
Deceptive financing schemes often disguise high-cost loans as retail purchases. We protect consumers from hidden fees and unfair terms. Our work includes:
- Challenging abusive installment plans and inflated pricing.
- Advocating for clear disclosures and fair financing terms.
- Investigating misleading sales tactics that target low-income families.
- Promoting stronger regulation of retail credit practices.
Fair Credit Access for All Virginians
A person’s credit shouldn’t be a barrier to housing, employment, or opportunity. We fight for fair credit reporting systems and broader access to responsible credit. Our advocacy includes:
- Pushing to limit the use of outdated or inaccurate credit data.
- Supporting legislation to expand credit access in underserved communities.
- Holding credit bureaus accountable through stricter oversight.
- Working to reduce the harm of poor credit scores in everyday life.
Stopping Harassment, Protecting Personal Privacy
Debt collectors should follow the law and not use shame, threats, or public exposure to force payment. We defend Virginians against harassment and fight to protect consumer privacy. We work to:
- Challenge debt buyers who engage in unlawful or aggressive contact.
- Stop the public posting of personal debt information.
- Close loopholes that allow deceptive or abusive collection tactics.
- Promote policies that require clear communication and fair treatment.
Student Borrowers Deserve Support and Relief
Student debt shouldn’t last a lifetime. We advocate for fair, transparent repayment systems and protections against predatory education lending. Our work includes:
- Helping borrowers access loan forgiveness and repayment support.
- Targeting deceptive practices by for-profit schools and loan servicers.
- Supporting policies that ease the long-term burden of student debt.
- Promoting affordable, accessible higher education for all Virginians.
Our Economic Justice Team
Fighting Unfair Loans and Financial Exploitation
Featured:
Predatory Lending Hotline
VPLC’s Predatory Lending Hotline helps Virginians protect themselves from unfair lending practices. Our advocates explain rights and connect people with free legal help, to deal with payday, car title, or high-interest loans. We work to stop predatory lenders and help Virginians regain financial stability.
Reach the hotline at (866) 830-4501
