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Borrowers are occasionally also threatened with unlawful fees and prison time for failure to cover their loans.

Borrowers are occasionally also threatened with unlawful fees and prison time for failure to cover their loans.

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Borrowers are occasionally also threatened with unlawful fees and prison time for failure to cover their loans. DECEPTIVE EXPLANATIONS OF AGREEMENTS, PARTICULARLY FOR TITLE LOANS Payday loan providers often try not to explain most of the regards to the agreement, including stipulations needing borrowers to consent to arbitration that is mandatory to waive their straight to a jury test in case of a dispute. The agreements tend to be long and confusing to borrowers, several of whom state they usually…

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