By Anna Wolfe | October 15, 2018

Jennifer Williams nevertheless receives the phone calls.

The sound regarding the other line — in one of many lenders that are payday her community — says they miss her. “Do you will need any money that is extra” the voice asks.

For a long time, Williams invested every payday driving to as many as nine shops in three towns that are separate spending an $87 cost for every $400 loan she had applied for.

Each charge ensured the shop wouldn’t deposit the check she penned them, for cash she didn’t have, through to the following month — an arrangement forbidden by state legislation.

Due to Jennifer Williams

Jennifer Williams, a senior school teacher in Cleveland, Miss., conquered $4,000 of financial obligation from multiple high-interest pay day loans. Williams thinks these lending shops are “sucking the life away from people.”

“I happened to be taking right out payday advances to pay for bills once I had invested most of the money (during my paycheck) on pay day loan costs,” said Williams, a school that is high in Cleveland, skip. Continue reading As pay day loans thrive in Mississippi, neighboring states relocate to cap interest that is high →