Payday Loans in Bailey, Mississippi

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No payday loan companies in Bailey, MS. Consider companies in other cities:

Company nameAddressZip codePhone number
Advance America 1442 Delaware Ave Ste. H, McComb, MS 39648 +1 (601) 249 - 2221
Community Choice Financial 2011 Highway 72 E, Corinth, MS 38834 +1 (662) 287 - 6868
1st Franklin Financial 320 Park Plaza Dr, New Albany, MS 38652 +1 (662) 538 - 6902
Summit Check Cash 702 S Laurel St, Summit, MS 39666 +1 (601) 276 - 6999
Harrison Finance Co 12124 Old Highway 63, Lucedale, MS 39452 +1 (601) 947 - 3060
A & P Check Cashing Services Inc 2056 US-51, Wesson, MS 39191 +1 (601) 643 - 9032
Poplarville Check Cashing 1624 S Main St, Poplarville, MS 39470 +1 (601) 795 - 4599
AAMCO Transmissions & Total Car Care 1240 Ellisville Blvd, Laurel, MS 39440 +1 (601) 425 - 3103
Advance America 2664 Bienville Blvd, Ocean Springs, MS 39564 +1 (228) 872 - 6130
Check Into Cash 115 Walter Payton Dr, Columbia, MS 39429 +1 (601) 731 - 2120

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Bailey, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Olive Branch, MS, Payday Loans in Southaven, MS, Payday Loans in Tupelo, MS, Payday Loans in Biloxi, MS, Payday Loans in Greenville, MS, Payday Loans in Gulfport, MS, Short-term Loans in Hattiesburg, MS and Guaranteed Loans in Jackson, MS. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Bailey, MS.

Are Payday Loans Legal In Bailey, Mississippi?

Loan Rates and Fees, Laws and Regulations in Mississippi.

Mississippi Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)521
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term30 days
Number of Rollovers Allowed6, loan must be reduced by at least 5% for every rollover
Finance Charges<$250 = not more than $20 per $100 $250 - $500 = not more than $21.95 per $100

Bailey, MS payday loan calculator

Payday Loans in Bailey, Mississippi – Everything You Need to Know

Payday loans are a popular financial solution for many people facing unexpected expenses or short-term cash flow problems. In Bailey, Mississippi, payday loans are a legal option for borrowers who need quick access to cash. However, it’s important to understand the terms and conditions of payday loans in Bailey before taking out an advance.

How Payday Loans Work in Bailey, Mississippi

Payday loans are small borrowings that usually come with high interest rates. Typically, borrowers use payday loans to cover expenses until their next paycheck arrives. In Bailey, Mississippi, payday loans have a maximum borrowing amount of $500 per loan. The term of the loan cannot exceed 30 days, and the interest rate for a payday loan in Bailey, Mississippi, can be up to 520% APR.

The borrower provides the lender with a post-dated check or authorization for an electronic funds transfer for the loan amount plus any fees. If the borrower doesn’t repay the loan by the due date, the lender can cash the post-dated check or initiate the electronic funds transfer. In some cases, the lender can charge additional fees or interest if the loan is not paid in full on time.

It’s important to be aware that payday loans are meant to be short-term solutions. They are not intended for long-term borrowing or as a solution for financial difficulties. If you are experiencing financial hardship, consider other options such as credit counseling or a personal loan.

Requirements to Qualify for a Payday Loan in Bailey, Mississippi

  • You must be at least 18 years old
  • You must have a valid government-issued photo ID
  • You must have a bank account
  • You must have proof of steady income, such as a paycheck stub or bank statement

If you meet these requirements, you may be eligible for a payday loan in Bailey, Mississippi. Keep in mind that the lender may also consider your debt-to-income ratio and credit history when determining your eligibility.

Benefits of Payday Loans in Bailey, Mississippi

  • Quick access to funds when you need them most
  • No credit check required
  • No collateral required
  • Minimal documentation required
  • Easy application process

Risks of Payday Loans in Bailey, Mississippi

  • High interest rates
  • Short repayment period
  • Possible penalties for late payments
  • May lead to a cycle of debt

Interesting Facts and Statistics about Payday Loans in Bailey, Mississippi

  • According to the Center for Responsible Lending, payday loans in Mississippi have an average APR of 634%.
  • Mississippi has one of the highest concentrations of payday lenders in the United States, with over 1000 stores across the state.
  • A study by the Pew Charitable Trusts found that the average payday loan borrower in Mississippi takes out eight loans per year, with an average loan amount of $375.

Apply Now for a Payday Loan in Bailey, Mississippi

If you need a payday loan in Bailey, Mississippi, consider filling out an online application on our website. TheGuaranteedLoans is a connector service that can help you connect with potential lenders who can provide you with a payday loan. Remember that payday loans are meant to be short-term solutions and should not be used to address long-term financial problems. If you have any questions or concerns, don’t hesitate to contact us.

F.A.Q.

How long do I have to pay back a payday loan in Bailey, Mississippi?

Payday loans are typically due on your next payday, which is usually within two to four weeks.

Are there any fees or penalties for late payments on a payday loan in Bailey, Mississippi?

Yes, it is important to pay back your payday loan on time to avoid late fees and potential damage to your credit score. Late payments may also result in additional interest and fees.