In Texas, payday lenders are receiving borrowers arrested
Arresting individuals or threatening to take action over unpaid debts is unlawful in Texas for a long time now. Yet, which includesn’t stopped payday loan providers from utilizing the unlawful justice system to follow a lot more than 1,500 borrowers within the state.
Payday loan providers are routinely looking at the courts searching for charges that are criminal borrowers do not have the funds to settle their loans on time, a written report from Texas Appleseed discovered. Such costs may lead to arrest if not prison time if the courts opt to pursue an instance.
“as well as their crazy prices and financing practices, cash advance companies are illegally utilizing the unlawful justice system to coerce payment from borrowers,” stated Ann Baddour, manager of this Fair Financial Services Project at Texas Appleseed. Read more →