Let me make it clear more info on Why GreenDayOnline

Let me make it clear more info on Why GreenDayOnline

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Payday advances in Mississippi. Mississippi has one of many greatest concentrations of licensed payday loan providers in the U.S

Payday advances in Mississippi. Mississippi has one of many greatest concentrations of licensed payday loan providers in the U.S

With a household that is median of just $44,717, Mississippi is well underneath the nationwide average of $61,937. Not just may be the median home earnings among the cheapest within the country, Mississippi additionally had the rate that is highest of men and women residing underneath the poverty line in 2019: 19.7percent.

Pay day loans 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*

Populace per Licensee*

Loan Volume**

Total Costs Paid***

*2000 Census information.

**This is projected by multiplying the amount of licensees by the median that is national size ($350) by the national typical loans per shop (3,643).

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

Supply: “High-Cost Payday Lending Traps Mississippi Borrowers” Johnson, J. Center for Responsible Lending. Accessed December.

Customer Protection in Mississippi

How exactly to Report a Lender in Mississippi

Leer másPayday advances in Mississippi. Mississippi has one of many greatest concentrations of licensed payday loan providers in the U.S