By Anna Wolfe | October 15, 2018

Jennifer Williams nevertheless receives the telephone phone calls.

The vocals in the other line — from 1 of many payday loan providers in her neighborhood — says they miss her. “Do you will need any money that is extra” the voice asks.

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

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

Due to Jennifer Williams

Jennifer Williams, a senior high school instructor in Cleveland, Miss., conquered $4,000 of debt from multiple high-interest payday advances. Williams thinks these financing shops are “sucking the life away from individuals.”

“I became taking right out pay day loans to cover bills when I had invested most of the cash (in my own paycheck) on cash advance costs,” said Williams, a senior school instructor in Cleveland, skip. Continue reading As pay day loans thrive in Mississippi, neighboring states proceed to cap high interest levels →