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As pay day loans thrive in Mississippi, neighboring states relocate to cap high interest levels

Mittwoch, Januar 22nd, 2020

As pay day loans thrive in Mississippi, neighboring states relocate to cap high interest levels

The sound regarding the other line — in one of the numerous payday loan providers in her community — says they miss her. “Do you want any money that is extra” the voice asks.

For decades, Williams invested every payday driving to up to nine shops in three split towns, spending an $87 charge for every single $400 loan she had applied for.

Each cost ensured the shop wouldn’t deposit the check she had written them, for cash she didn’t have, before the month that is following an arrangement forbidden by state legislation. (mehr …)