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Report: Texas Payday Lenders and Prosecutors Synergy 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 short-term task and she had been struggling to call home for a Social safety check of $1,160 every month. Jones, whom asked that her real first name perhaps not be utilized, had relocated in along with her child but had been searching for her very own destination. She had simply adequate to cover utilities, food, fuel on her behalf rent and car, not enough left for a deposit for a flat. Money Plus, A california-based pay day loan franchise, had recently exposed a place near her home in Southern Austin, therefore 1 day Jones went in and took down a $225 loan. Read the rest of this entry »