With a household that is median of just $44,717, Mississippi is well below the national average of $61,937. Not merely may be the median home earnings one of many cheapest within the country, Mississippi additionally had the greatest price of individuals residing underneath the poverty line in 2019: 19.7per cent.
Payday advances in Mississippi
The dining table below shows the 15 counties in Mississippi with all the greatest levels of payday loan providers:
Populace per Licensee*
Populace per Licensee*
Total Costs Paid***
*2000 Census information.
**This is predicted by multiplying the amount of licensees by the median that is national size ($350) because of the national normal loans per shop (3,643).
***Assuming a charge of $21.95 per $100 lent.
Source: вЂњHigh-Cost Payday Lending Traps Mississippi BorrowersвЂќ Johnson, J. Center for Responsible Lending. December accessed.
Customer Protection in Mississippi
How exactly 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
Have a look at this payday loan guides when it comes to following metropolitan areas in MississippiвЂ¦
- Prices & Terms
- Bad Credit Loans
- No Credit Check Always Loans
- Signature Loans
- Installment Loans
- Advance Loan
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