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In Texas, payday lenders are receiving borrowers arrested

18 Nov , 2020,
Beth Weissman
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In Texas, payday lenders are receiving borrowers arrested

Arresting people — or threatening to do this — over unpa > Payday lenders are routinely looking at the courts looking for unlawful fees whenever borrowers don’t possess the funds to settle their loans on time, a written report from Texas Appleseed found. Such fees may lead to arrest if not prison time in the event that courts opt to pursue an incident.

“as well as their crazy prices and financing practices, pay day loan companies are illegally utilizing the unlawful justice system to coerce payment from borrowers,” stated Ann Baddour, manager for the Fair Financial Services Project at Texas Appleseed.

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