Here’s the 2014 Virginia car title loan statistics as reported by the Virginia State Corporate Commission. 2014 is the latest available as of today.
Virginia average title loan principal is $1048.00.
There were just over 155,000 Virginia car title loans made.
Average number of Virginia car title loans per borrower was 1.2.
The average APR for Virginia car title loans was 222%.
There were 19,000+ Virginia title loans repossessed (12%. This is much higher than our title loan stores.)
Want to start a title loan business in your State? Begin here: “How to Start a Car Title Loan Business.”