High-interest loans are pushing Mississippians toward bankruptcy

Non-bank lenders in Mississippi are not required to check borrowers' credit, and are allowed to charge triple-digit annual interest rates. The Mississippi legislature relaxed rules for these lenders in 2016.
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Non-bank lenders in Mississippi are not required to check borrowers' credit, and are allowed to charge triple-digit annual interest rates. The Mississippi legislature relaxed rules for these lenders in 2016.

In Mississippi, this quick way out of a financial hole often leads to bankruptcy

October 19, 2018 05:00 AM