Using criminal courts as debt collection agencies is against federal law, the Texas constitution and the states penal code. To clarify the state law, in 2012 the Texas legislature passed legislation that explicitly describes the circumstances under which lenders are prohibited from pursuing criminal charges against borrowers.

Its quite simple: In Texas, failure to repay a loan is a civil, not a criminal, matter. Payday lenders cannot pursue criminal charges against borrowers unless fraud rcbc ofw personal loan another crime is clearly established. In 2013, a devastating Texas Observer investigation documented widespread use of criminal charges against borrowers before the clarification to rcbc ofw personal loan law was passed. Jones, a 71-year-old who asked that her first name not be published in order to protect her privacy, was one of those 1,576 cases.

(The Huffington Post reviewed and confirmed the court records associated with her case. ) On March 3, 2012, Jones borrowed 250 from an Austin franchise of Cash Plus, a payday lender, after losing her job as a receptionist.

Rcbc ofw personal loan

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Rcbc ofw personal loan

Every inquiry received is handled with care and speed. Your Loan, Your Business. We recognize a personal loan is a private matter. Reasons for needing money range from critical automobile maintenance, unexpected medical expenses, much needed family vacation, basic home improvements, etc. Whatever your reason, we respect your privacy.

Thus, we work with lenders familiar with your situation and are ready to help. Important Disclosures.

Rcbc ofw personal loan