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  • Robert Weed

Allied Cash Advance is Not Legally a Payday Loan Company

Allied Cash Advance does NOT legally do payday loans in Virginia

On Google, Allied Cash Advance does payday loans.  But they tell the State of Virginia that they don’t.


Allied Cash Advance on Google does payday loans.  But they tell Virginia that they don't.

Allied Cash Advance on Google does payday loans. But they tell the State of Virginia that they don’t.


To legally do payday loans in Virginia, you have to have a payday loan license.  Allied dropped their payday loan license in 2009. (Here’s the list.  You can see they are not on it.)

Why would Allied Cash Advance NOT want to legally do payday loans in Virginia?.  For one thing, a payday loan company cannot use “harassment or abuse, false or misleading misrepresentations, and unfair practices in collections.”  That’s from Code of Virginia 6.2-1816.

Since Allied Cash Advance is NOT legally a payday loan company in Virginia, does that mean they CAN use harassment, abuse, false representations and unfair practices?

I’m a Virginia Bankruptcy Lawyer.  I see a lot of people who try almost anything to keep afloat, before they talk to me.  So I’ve talked to people who have borrowed money from Allied Cash Advance as a way to try to stay afloat.

One of those was named Tammy.  (Not her real name.)  When Tammy got behind on her not-legally-a-payday-loan from Allied Cash Advance, Allied had someone, “Josh” go to the place where she works, and create a scene in the hallway.

Obviously that’s harassment and abuse.  We could sue them under the Virginia Payday Loan law–except they are not legally a payday loan company in Virginia.

I’m a Virginia Bankruptcy lawyer.  I didn’t know what to do about Allied Cash Advance, who are not legally a payday loan company in Virginia.

But I checked around and heard about lawyer Jay Speer, at the Virginia Poverty Law Center.  Jay Speer does not like Allied Cash Advance, who gave up their payday loan license in 2009,  so they can make not-legally-payday loans in Virginia, and then, don’t have to follow the law about “harassment or abuse, false or misleading misrepresentations, and unfair practices in collections.”  He’s trying to do something about it.  You can contact him, here.

PS.  Jay reports a bill has been introduced into the General Assembly this year that will regulate these “Not Legally a Payday Loan” companies.  David Yancey is sponsor of this bill.

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