Survey shows struggle to survive between paychecks

by Ted Carter

Published: December 19,2010

Tags: Carol Penick, Financial Industry Regulatory Authority, Jamie Fulmer, John Allison, payday loans, Selena Swartzfager

More than 1 in 3 Mississippians took out payday loans or other type high-cost, short-term loans in last five years Mississippi’s legislators faced with having to decide whether to renew a payday lending law in 2012 have a new factor to consider:  More Mississippians than ever are living paycheck-to-paycheck. Unless conventional banks make short-term, low-dollar loans [...]

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One Response to “Survey shows struggle to survive between paychecks”

  1. Payday loan firms face action on direct debits | Money Solutions Says:
    December 19th, 2010 at 12:35 am

    [...] Survey shows struggle to survive between paychecks More than 1 in 3 Mississippians took out payday loans or other type high-cost, short-term loans in last five years Mississippi’s legislators faced with having to decide whether to renew a payday lending law in 2012 have a new factor to consider: More Mississippians than ever are living paycheck-to-paycheck. Read more on Mississippi Business Journal [...]

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