The lawsuit, which was filed in Fairfax County Circuit Court, seeks restitution on behalf of Virginia consumers.
Robert Linkonis often works with people who have fallen victim to predatory loans. He is president at Alliant Business Systems and Credit Restoration Associates in Chesterfield County.
“A predatory loan in many cases causes a downward spiral. Someone can’t repay it. They have to get another loan in some cases to repay it,” he said.
Linkonis said they can be stuck in a cycle of debt with high-interest rates that cause the debt to only grow.