Out citizens should not be victimized by onerous and egregious loans from which they have little chance of recovery. These loans, both payday lending and car title loans, frequently put Virginians into an endless downward spiral and cycle of debt form which they cannot recover. This kind of lending preys on those who are already struggling financially and often become the fiscal issue that defeats them. We need to limit the interest rate and the number of loans any individual can take while ensuring that borrowers have a better understanding of the repercussions of taking out these loans. Eliminating this egregious and predatory practice is important.