In Texas, payday loan providers are becoming borrowers arrested thank you for visiting cnnmoney.

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Arresting individuals — or threatening to take action — over unpaid debts happens to be illegal in Texas for a long time now.

Yet, that includesn’t stopped payday loan providers from making use of the justice that is criminal to pursue a lot more than 1,500 borrowers within the state.

Payday loan providers are regularly looking at the courts searching for unlawful costs whenever borrowers don’t possess the funds to settle their loans on time, a study from Texas Appleseed discovered. Such fees may lead to arrest if not jail time in the event that courts opt to pursue an incident.

“as well as their crazy prices and financing practices, cash advance companies are illegally utilizing the criminal justice system to coerce payment from borrowers,” stated Ann Baddour, manager associated with the Fair Financial Services Project at Texas Appleseed. 続きを読む In Texas, payday loan providers are becoming borrowers arrested thank you for visiting cnnmoney.