Payday Lenders Threaten Borrowers With Jail: Report

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Payday Lenders Threaten Borrowers With Jail: Report

During the holidays, consumer advocates worry that cash-strapped borrowers will turn to payday lenders and dig themselves into debt with high-interest loans. In Texas, it’s not the only finance charges that are raising alarms but threats of jail time. Payday lenders in the Lone Star State have filed at least 1,500 criminal complaints against borrowers for…

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