Over 600 Get Debt Forgiveness After Attorney General Settles with Virginia Beach Credit Lender

VIRGINIA BEACH, Va. – Virginia Attorney General Mark Herring announced that his office has reached a settlement with Alternative Finance Company, providing refunds and debt forgiveness to nearly 600 consumers. Alternative Finance is an open-end credit lender in Virginia Beach and allegedly violated Virginia statutes applicable to consumer finance companies and the Virginia Consumer Protection Act. “Many lenders operating in Virginia have turned to open-end credit lending as a means…

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