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 making use of the criminal justice system to follow significantly more than 1,500 borrowers within the state.
Payday loan providers are regularly looking at the courts looking for charges that are criminal borrowers don’t possess the funds to settle their loans on time, a written report from Texas Appleseed discovered. Such fees often leads to arrest if not prison time if the courts choose to pursue an instance.
“as well as their crazy prices and financing practices, pay day loan companies online title loans Tennessee are illegally making use of the unlawful justice system to coerce payment from borrowers,” stated Ann Baddour, manager associated with Fair Financial Services Project at Texas Appleseed. (more…)