By on January 21st, 2020 in Help With Installment Loans

Group Warns Of Debtors’ Prison Tactics Among Texas Payday Lenders

A report that is new the nonprofit Texas Appleseed discovers that payday loan providers into the Lone Star State have actually filed at the least 1,500 unlawful complaints against borrowers. Photo: Thomas Samson/AFP/Getty Pictures

Throughout the vacations, customer advocates stress that cash-strapped borrowers will seek out payday installment loans near me loan providers and dig on their own into financial obligation with high-interest loans. In Texas, it is maybe maybe perhaps not the only real finance costs which are increasing alarms but threats of prison time.

Payday loan providers when you look at 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 unique research by Texas Appleseed, a nonprofit that encourages social and justice that is economic. (more…)