Make Lending Work for You

Many people need a little help getting by until the next paycheck. Access to responsible, affordable loans can provide the financial resources needed to help cover emergency expenses and keep families afloat during difficult times. Those loans should be life changing in a way that enriches families and communities.

But the payday loan industry relies on a predatory business model that imposes unfair and abusive loan terms that keep unsuspecting customers indebted to them, payday after payday. Today, Mississippi Center for Justice is actively working to help hardworking Mississippians access alternatives that provide access to loans and to life-changing financial literacy education that have, until now, been off limits to low- and middle-income families.

Make Lending Work for You is a campaign designed to provide public education about the perils of predatory lending and provide access to more fair lending alternatives. Actively working with local banks and credit unions, the Center, along with the Mississippi Gulf Coast Community Foundation and many area nonprofits throughout the Gulf Coast, is changing the way consumers relate to financial institutions. The Center is also working with these financial institutions to help them see the value in helping families avoid the pitfalls of predatory lenders.

Also, numerous banks and credit unions have joined the campaign. Click here to view a listing of alternatives that might be able to help you build a better credit future.

Policy and Legislation:

State Policy Fact Sheet

Research and Analysis:

Read about how payday lending negatively impacts businesses, citizens and municipalities

Payday Lending In the News and On the Web:

How to escape the payday loan trap

Tips from the Consumer Protection Finance Bureau about avoiding payday loans via fair lending

Slave to the payday lender

South Mississippi nonprofits help break cycle of debt

Organizations take on payday lending with education and options

This effort has been funded by the John S. and James L. Knight Foundation, Mississippi Center for Justice, the Gulf Coast Community Foundation, Hancock Bank, Community Bank, Gulf Coast Community Federal Credit Union, The First Bank, Charter Bank and Trustmark National Bank.