December 2, 2013
This site is soon to become the latest addition to the series of car-title lending operations that have opened along the Route 1 corridor since legislators opened the door to the industry back in 2010.
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Route 1 corridor currently has eight locations; soon to get ninth.
In the last three years, dozens of new car-title lending businesses have popped up in neighborhoods across Northern Virginia — the result of recent regulations opening the door to a business that charges as much as 264 percent a year on loans.