Group Warns Of Debtors’ Prison Tactics Among Texas Payday Lenders

Group Warns Of Debtors’ Prison Tactics Among Texas Payday Lenders

A report that is new the nonprofit Texas Appleseed discovers that payday loan providers when you look at the Lone celebrity State have actually filed at the very least 1,500 unlawful complaints against borrowers. Picture: Thomas Samson/AFP/Getty Graphics

Through the holiday breaks, customer advocates stress that cash-strapped borrowers will move to payday loan providers and dig by themselves into financial obligation with high-interest loans. In Texas, it is maybe perhaps not the sole finance fees which are increasing alarms but threats of prison time.

Payday loan providers within the Lone celebrity State have actually filed at the least 1,500 unlawful complaints against borrowers for bad check writing and theft by check, based on a brand new research by Texas Appleseed, a nonprofit that encourages social and justice that is economic. Leggi tutto “Group Warns Of Debtors’ Prison Tactics Among Texas Payday Lenders”