As pay day loans thrive in Mississippi, neighboring states go on to cap high interest levels
Category:Bad Credit Loans UtahMoney in A Flash Check Advance’s sign up Ellis Avenue on Monday, October 2, 2018.
Rep. Kathy Sykes, D-Jackson, whom represents many low-income areas, co-authored the 2018 bill to reenact what the law states creating loans that are installment.
Sykes said she didn’t understand the fees might be because high as $4,500 for the $2,000 loan, as Mississippi Today discovered.