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

In Texas, payday loan providers are becoming 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 decades now.

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

Payday lenders are regularly looking at the courts looking for unlawful costs whenever borrowers do not have the funds to settle their loans on time, a study from Texas Appleseed discovered. (more…)

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