From National Mortgage News
''According to a recent press report from The St. Louis Post-Dispatch,
the concept is making a comeback, in parts of Missouri, at least.
That’s right. According to the newspaper, certain borrowers in the St.
Louis area are being thrown into jail over nonpayment of private debt.
For
mortgage professionals, the key phrase here is “private debt.” Also,
the outstanding loan amounts tied to incarceration are relatively small.
(Can you spell payday loan?)''
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