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In Texas, payday loan providers are receiving borrowers arrested thank you for visiting cnnmoney.

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When it comes to latest company news and areas information, please check out CNN company

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

Yet, which has hadn’t stopped payday loan providers from utilizing the unlawful justice system to follow significantly more than 1,500 borrowers when you look at the state.

Payday loan providers are regularly looking at 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 personal loans new york. Such fees often leads to arrest and on occasion even prison time in the event that courts opt to pursue an incident.

(more…)

In Texas, payday loan providers are receiving borrowers arrested thank you for visiting cnnmoney.

We are not any longer keeping this site.

When it comes to latest company news and areas information, please check out CNN company

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

Yet, which has hadn’t stopped payday loan providers from utilizing the unlawful justice system to follow significantly more than 1,500 borrowers when you look at the state.

Payday loan providers are regularly looking at 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 personal loans new york. Such fees often leads to arrest and on occasion even prison time in the event that courts opt to pursue an incident.

(more…)