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 [...] [...]
