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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, that includesn’t stopped payday loan providers from utilizing the justice that is criminal to follow significantly more than 1,500 borrowers into the state.
Payday loan providers are regularly looking at the courts searching for unlawful fees whenever borrowers do not have the funds to settle their loans on time, a written report from Texas Appleseed discovered. Such costs often leads to arrest as well as prison time in the event that courts choose to pursue an incident.
“as well as their outrageous prices and financing practices, cash advance companies are illegally with the criminal justice system to coerce payment from borrowers,” stated Ann Baddour, manager regarding the Fair Financial Services Project at Texas Appleseed. Continue reading “In Texas, payday loan providers are receiving borrowers arrested thank you for visiting cnnmoney.”