Home » Tag Archives: Carol Penick

Tag Archives: Carol Penick

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. Unless conventional banks make short-term, low-dollar loans more widely available, Mississippi residents ...

Read More »

Getting an early start

Battle over renewing payday lending law already on the minds of many >> Mississippi’s law regulating short-term loan industry is scheduled to sunset in 2012 if not renewed Mississippi’s legislators can expect their appointment books to begin filling up early in the new year with representatives on both sides of the payday loan issue. Mississippi’s payday lending law, which sets limits on ...

Read More »

BankPlus program offers alternative to payday loan

CreditPlus gains praise from experts as way to serve struggling borrowers BankPlus is winning applause across the state for its CreditPlus small-dollar loan program designed an alternative to payday loans. The loans are also designed to help borrowers pay off existing payday loans at a 5 percent interest rate, far lower than rates of the 985 licensed payday lenders in ...

Read More »