According to new data released from the Weldon Cooper Center for Public Service at the University of Virginia, 10 percent of Virginia households use short term loans. ... These are loans of last resort for many. Most people who take them out have jobs, but do not make enough money to pay the bills or put food on the table. ... UVA Demographer Rebecca Tippett stated, "If you lose your car, you're out your transportation to work, you're out one of your biggest financial assets and you're going to be really hard hit moving forward."