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As payday advances thrive in Mississippi, neighboring states go on to cap interest that is high

Thursday, October 1st, 2020

As payday advances thrive in Mississippi, neighboring states go on to cap interest that is high

By Anna Wolfe | October 15, 2018

Jennifer Williams nevertheless receives the phone telephone telephone calls.

The vocals from the other line — from a single of many lenders that are payday 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 as much as nine shops in three split towns, having to pay an $87 charge for every single $400 loan she had removed.

Each charge ensured the shop wouldn’t deposit the check she published them, for the money she didn’t have, through to the month that is following an arrangement forbidden by state law. (more…)