Payday loans promise quick cash, but at what cost? In communities like the Mississippi Delta, these loans often lead to cycles of debt, financial instability, and long-term hardship. Small Loans, Big Damage explores the impact of payday lending through research, real-life experiences, and educational resources—helping consumers make informed financial decisions.

Many borrowers turn to payday lenders out of necessity, not choice. Traditional banking options remain out of reach for those who lack sufficient credit or steady incomes, forcing them to rely on high-interest short-term loans. Our research sheds light on the financial burden these loans create and how they disproportionately affect low-income communities.