By having a median home earnings of just $44,717, Mississippi is well underneath the nationwide average of $61,937. Not just could be the median home earnings one of several cheapest into the country, Mississippi additionally had the greatest price of men and women residing underneath the poverty line in 2019: 19.7per cent.
Pay day loans in Mississippi
The dining dining table below shows the 15 counties in Mississippi aided by the greatest levels of payday loan providers:
County
Populace per Licensee*
Populace per Licensee*
Loan Volume**
Total Costs Paid***
*2000 Census information.
**This is believed by multiplying how many licensees because of the nationwide median loan size ($350) because of the national normal loans per shop (3,643).
***Assuming a cost of $21.95 per $100 lent.
Supply: “High-Cost Payday Lending Traps Mississippi Borrowers” Johnson, J. Center for Responsible Lending. December accessed.
Customer Protection in Mississippi
Just how to Report a Lender in Mississippi
The Mississippi Department of Banking and Consumer Finance
- Address: P.O. Box 12129 Jackson, MS 39236-2129
- Phone: (601) 321-6901
Guides to Payday Advances in Mississippi
Have a look at this payday loan guides for the cities that are following Mississippi…
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