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

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

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Arresting individuals — or threatening to take action — over unpaid debts happens to be unlawful in Texas for many years now.

Yet, who hasn’t stopped payday loan providers from with the criminal justice system to follow significantly more than 1,500 borrowers into the state.

Payday loan providers are regularly looking at the courts looking for unlawful costs whenever borrowers do not have the funds to settle their loans on time, a written report from Texas Appleseed discovered. Such fees may lead to arrest if not prison time in the event that courts choose to pursue an incident.

„as well as their crazy rates and financing practices, pay day loan companies are illegally with the unlawful justice system to coerce payment from borrowers,“ stated Ann Baddour, manager best personal loans in new mexico associated with the Fair Financial Services Project at Texas Appleseed. Weiterlesen