Jason S. Miyares
Attorney General of Virginia

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Commonwealth of Virginia
Office of the Attorney General

Mark Herring
Attorney General

202 North Ninth Street
Richmond, Virginia 23219


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Charlotte Gomer, Director of Communication
Phone: (804)786-1022 
Mobile: (804) 512-2552
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~ Checks in amounts between $20 and $491.40, and totaling $850,000 in the aggregate, will begin arriving this week to more than 12,300 former borrowers ~

RICHMOND – Attorney General Mark R. Herring announced today that more than 12,300 borrowers who were harmed by the open-end credit lending practices of Allied Title Lending, LLC d/b/a Allied Cash Advance ("Allied”) will begin receiving checks in amounts between $20 and $491.40 as part of a settlement negotiated by Attorney General Herring. In March 2021, Attorney General Herring secured a permanent injunction against Allied, $850,000 in restitution for customers, and an additional $150,000 in attorneys fees and costs.


"The resolution my team and I were able to reach with Allied provides meaningful restitution and debt forgiveness to tens of thousands of Virginia consumers,” said Attorney General Herring. "Before Virginia's consumer finance laws changed earlier this year, many lenders would turn to open-end credit lending to impose astronomically high interest rates on small dollar loans to financially vulnerable Virginians. I'm also pleased that my team and I were able to resolve our claims against Allied in a way that provides meaningful restitution and debt forgiveness to tens of thousands of Virginia consumers.”


In his complaint, Attorney General Herring alleged that Allied violated Virginia's consumer finance law in two ways: (1) Allied imposed a $100 origination fee on its loans after it provided the loan funds in violation of the requirement that open-end credit plan lenders provide a minimum 25-day grace period before imposing finance charges; and (2) Allied engaged in a pattern of quasi-payday lending by encouraging and permitting borrowers to enter into new contracts each month, essentially rolling over the same loan for months and sometimes years on end.


The Commonwealth is providing checks to the consumers who were most affected by Allied's wrongful conduct. This includes those who paid off their loans during the grace period and paid the $100 origination fee, and those who were subject to the quasi-payday lending conduct and paid off numerous accounts during the grace period. Consumers who paid off one account during the grace period will receive $20. Consumers who paid off two accounts will receive $25. All other consumers receiving refunds will receive $9.45 for each account they paid off during the grace period. For example, a consumer who paid off three accounts will receive $28.35 and a consumer who paid off 52 accounts will receive $491.40.


The settlement also included consumer relief in the form of debt forgiveness. Under the settlement, Allied ultimately agreed to stop collecting on any open-end account opened during the period between September 23, 2013, and July 23, 2017. The total value of the debt forgiveness provided on these accounts exceeds $21.7 million.


Attorney General Herring has hired a settlement claims administrator to distribute restitution monies to affected consumers. Any consumer who believes he or she is eligible for restitution, but who does not receive a refund letter and check, may contact the settlement administrator at the following toll-free number to inquire about his or her eligibility and to provide a more current address: (833) 531-8941.   


Consumers who have questions about the settlement, the settlement administration process, and who is eligible for restitution also may review the Frequently Asked Questions posted on Attorney General Herring's website.


Allied operated at various times out of 23 locations in the following localities across Virginia: Alexandria, Charlottesville, Fredericksburg, Hampton, Harrisonburg, Highland Springs, Lynchburg, Manassas, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Rocky Mount, Staunton, Tappahannock, and Winchester.  


This matter was handled by the Predatory Lending Unit of Attorney General Herring's Consumer Protection Section. The Unit was established as a part of Attorney General Herring's reorganization of his Consumer Protection Section, which now includes a focus on predatory lending in addition to deceptive conduct, antitrust matters, charitable solicitation, and more. During Attorney General Herring's administration, the Attorney General's Consumer Protection Section has recovered approximately $410 million in relief for consumers and payments from violators.


For additional information on the settlement or to file a complaint about a consumer protection matter, please contact Attorney General Herring's Consumer Protection Section:


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