In Texas, payday loan providers are receiving borrowers arrested many thanks for visiting cnnmoney.

In Texas, payday loan providers are receiving borrowers arrested many thanks for visiting cnnmoney.

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

Yet, which hasn’t stopped payday loan providers from utilizing the unlawful justice system to pursue a lot more than 1,500 borrowers into the state.

Payday loan providers are routinely embracing 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 fees may lead to arrest and on occasion even prison time in the event that courts opt to pursue an instance. (more…)

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