Payday advances in Mississippi. Mississippi has among the greatest concentrations of licensed lenders that are payday the U.S

By having a household that is median of just $44,717, Mississippi is well underneath the national average of $61,937. Not just could be the median home earnings one of several cheapest within the country, Mississippi additionally had the greatest price of men and women residing underneath the poverty line in 2019: 19.7percent.

Payday advances in Mississippi

The dining table below shows the 15 counties in Mississippi with all the greatest levels of payday loan providers:

County

Populace per Licensee*

Loan Volume**

Total Costs Paid***

*2000 Census data.

**This is predicted by multiplying the sheer number of licensees by the median that is national size ($350) by the national normal loans per shop (3,643).

***Assuming a cost of $21.95 per $100 lent.

Supply: вЂњHigh-Cost Payday Lending Traps Mississippi BorrowersвЂќ Johnson, J. Center for Responsible Lending. December accessed.

Customer Protection in Mississippi

Simple tips to Report a Lender in Mississippi

The Mississippi Department of Banking and Customer Finance

Address: P.O. Box 12129 Jackson, MS 39236-2129
Mobile: (601) 321-6901

Guides to Pay Day Loans in Mississippi

Have a look at this payday loan guides when it comes to after urban centers in MississippiвЂ¦

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