Texas Is Throwing People In Jail For Failing Continually To Pay Off Predatory Loans

Texas Is Throwing People In Jail For Failing Continually To Pay Off Predatory Loans

At the least six individuals have been jailed in Texas within the last couple of years for owing cash on pay day loans, based on a damning new analysis of general public court public records.

The financial advocacy team Texas Appleseed unearthed that significantly more than 1,500 debtors happen hit with unlawful costs when you look at the state — despite the fact that Texas enacted a legislation in 2012 clearly prohibiting loan providers from utilizing unlawful costs to gather debts.