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September 3, 2012

Debtors’ Prison Makes Triumphant Return - Thanks to Pay-Day Lenders

Remember the good ole' days when falling onto hard times and not being able to pay your debts landed you in prison?  Well if the pay-day lenders have their way, you too may be able to dust off your petticoat, bonnet, and elbow-length gloves for a fashionable return to debtors' prison, says Ross Kenneth Urken in a recent article published online at Daily Finance. According to a report (cited in the article) from the Wall Street Journal, debt collectors are working around state constitutions to jail debtors in Missouri, Alabama,…

By James  |  Category:    
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