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

By Anna Wolfe | October 15, 2018

Jennifer Williams nevertheless receives the phone telephone calls.

The sound from the other line — in one of many lenders that are payday her community — says they miss her. “Do you want any money that is extra” the voice asks.

For decades, Williams invested every payday driving to up to nine shops in three split towns, having to pay an $87 fee for every single $400 loan she had applied for.

Each cost ensured the store wouldn’t deposit the check she composed them, for the money she didn’t have, before the following month — an arrangement forbidden by state law.

Due to Jennifer Williams

Jennifer Williams, a senior high school instructor in Cleveland, Miss., conquered $4,000 of financial obligation from multiple high-interest payday advances.