Having 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 household earnings one of several cheapest into the country, Mississippi additionally had the greatest price of individuals residing underneath the poverty line in 2019: 19.7percent.
Pay day loans in Mississippi
The dining dining 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 calculated by multiplying the sheer number of licensees because of the median that is national size ($350) by the national typical 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
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 Payday Advances in Mississippi
Take a look at this payday loan guides for the cities that are following Mississippi…
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