The payday lenders are packed in tight along a four-block drag of fast food joints and half-empty strip malls.

The names on the fluorescent indications melt into each other: Paycheck Loans, Advance America advance loan, Speedee money, Payroll Advance, money Flash, money Depot, money Connection, E-Z Check.

Mississippi, the poorest state within the country, has more payday loan providers per capita than somewhere else in the usa, and individuals here have actually less usage of old-fashioned banks compared to any kind of state.Continue reading→