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As pay day loans thrive in Mississippi, neighboring states go on to cap high interest levels

Category:Bad Credit Loans Utah

As pay day loans thrive in Mississippi, neighboring states go <a href="https://speedyloan.net/bad-credit-loans-ut">https://speedyloan.net/bad-credit-loans-ut</a> on to cap high interest levels

Money 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.

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