With a household that is median of just $44,717, Mississippi is well underneath the nationwide average of $61,937. Not merely could be the median home earnings one of many cheapest when you look at the country, Mississippi additionally had the greatest price of individuals residing underneath the poverty line in 2019: 19.7per cent.
Pay day loans in Mississippi
The dining table below shows the 15 counties in Mississippi utilizing 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 because of the median that is national size ($350) by the national typical loans per shop (3,643).
***Assuming a charge of $21.95 per $100 lent.
Supply: “High-Cost Payday Lending Traps Mississippi Borrowers” Johnson, J. Center for Responsible Lending. Accessed December.
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
Take a look at this payday loan guides for the after metropolitan areas in Mississippi…
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