In Texas, payday loan providers are receiving borrowers arrested

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Arresting individuals — or threatening to do this — over unpaid debts happens to be illegal in Texas for many years now. Yet, which haven’t stopped payday loan providers from with the unlawful justice system to follow significantly more than 1,500 borrowers into the state.

Payday lenders are regularly looking at the courts seeking charges that are criminal borrowers don’t possess the funds to settle their loans on time, a study from Texas Appleseed discovered. Such costs may lead to arrest if not jail time in the event that courts choose pursue an incident.

“as well as their crazy prices and financing practices, cash advance companies are illegally with the unlawful justice system to coerce payment from borrowers,” said Ann Baddour, manager associated with the Fair Financial Services Project at Texas Appleseed. Continue reading In Texas, payday loan providers are receiving borrowers arrested