Having a household that is median of only $44,717, Mississippi is well underneath the nationwide average of $61,937. Not merely could be the median home earnings one of several cheapest into the country, Mississippi additionally had the rate that is highest of men and women residing underneath the poverty line in 2019: 19.7per cent.
Pay day loans in Mississippi
The dining dining dining dining table below shows the 15 counties in Mississippi because of the greatest levels of payday loan providers:
Populace per Licensee*
Populace per Licensee*
Total Costs Paid***
*2000 Census information.
**This is predicted by multiplying how many licensees by the nationwide median loan size ($350) by the national normal loans per shop (3,643).
***Assuming a charge of $21.95 per $100 lent.
Supply: вЂњHigh-Cost Payday Lending Traps Mississippi BorrowersвЂќ Johnson, J. Center for Responsible Lending. Accessed December.
Customer Protection in Mississippi
Just how 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 Payday Advances in Mississippi
Take a look at this payday loan guides for the cities that are following MississippiвЂ¦
- Prices & Terms
- Bad Credit Loans
- No Credit Check Always Loans
- Unsecured Loans
- Installment Loans
- Cash Loan
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