Report: Texas Payday Lenders and Prosecutors Form Teams to Criminally Pursue Borrowers

Report: Texas Payday Lenders and Prosecutors Form Teams to Criminally Pursue Borrowers

In March 2012, Margaret Jones, a 71-year-old Austin great-grandmother, discovered herself in an economic crisis. Her spouse had recently passed on, she’d destroyed a job that is temporary she had been struggling to reside for a Social safety check of $1,160 each month. Jones, whom asked that her genuine name that is first be utilized, had relocated in together with her child but had been interested in her very own destination. She had simply sufficient to pay for resources, food, fuel on her behalf rent and car, not enough left for a deposit for a condo. Money Plus, a california-based loan that is payday, had recently opened a spot near her house in Southern Austin, therefore 1 day Jones went in and took away a $225 loan. […]