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Texas Is Throwing People In Jail For Neglecting To Pay Back Predatory Loans

Texas Is Throwing People In Jail For Neglecting To Pay Back Predatory Loans

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

The financial advocacy team Texas Appleseed unearthed that a lot more than 1,500 debtors have now been struck with unlawful charges when you look at the state — despite the fact that Texas enacted a legislation in 2012 clearly prohibiting loan providers from making use of criminal costs to get debts.