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

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

At the very least six individuals have been jailed in Texas in the last couple of years for owing cash on payday advances, based on a damning analysis that is new of court public records.

The advocacy that is economic Texas Appleseed discovered that a lot more than 1,500 debtors have now been struck with unlawful costs into the state — and even though Texas enacted a legislation in 2012 clearly prohibiting loan providers from utilizing unlawful costs to get debts.

In accordance with Appleseed’s review, 1,576 unlawful complaints had been released against debtors in eight Texas counties between 2012 and 2014. These complaints were usually filed by courts with just minimal review and based entirely in the payday lender’s term and usually flimsy evidence. (more…)