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

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

A 71-year-old Austin great-grandmother, found herself in a financial crisis in March 2012, Margaret Jones. Her spouse had recently died, she’d destroyed a short-term work and she ended up being struggling to reside for a Social protection check of $1,160 every month. Jones, whom asked that her genuine first title maybe not be properly used, had relocated in along with her child but ended up being trying to find her very own spot. She had simply sufficient to cover resources, food, gasoline on her rent and car, not enough left for the deposit for a flat. Money Plus, a california-based loan that is payday, had recently opened a place near her home in Southern Austin, therefore one day Jones went in and took out a $225 loan. Read More