Payday Loans in Caledonia, Mississippi

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

Company nameAddressZip codePhone number
Family Choice Financial 1105 Sunwood Dr Ste 5, Grenada, MS 38901 +1 (662) 307 - 2170
Check Advance 206 Clinton Blvd, Clinton, MS 39056 +1 (601) 924 - 0560
First State Bank 313 Lafayette Ave, Leakesville, MS 39451 +1 (601) 394 - 2321
Deweese Title Loans 308 MS-16, Carthage, MS 39051
Fidelity National Loans 1509 S Adams St, Fulton, MS 38843 +1 (662) 862 - 6744
Speedy Cash 1021 MS Highway 39 N, Meridian, MS 39301 +1 (601) 482 - 7218
Check Now 3827 Bienville Blvd #4, Ocean Springs, MS 39564 +1 (228) 872 - 8688
Express Check Advance 1316 25th Ave, Meridian, MS 39301 +1 (601) 483 - 6765
Zippy Cash 25063 US-51, Crystal Springs, MS 39059 +1 (601) 892 - 7712
Rapid Cash 333 S Main St, Water Valley, MS 38965 +1 (662) 473 - 5000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Caledonia, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Southaven, MS, Payday Loans in Tupelo, MS, Payday Loan for Biloxi, MS, Payday Loans in Greenville, MS, Payday Loans in Gulfport, MS, Payday Loans in Hattiesburg, MS, Payday Loan Without a Credit Check in Jackson, MS and Same Day Loans in Meridian, 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 Caledonia, MS.

Beautiful sights of Caledonia, MS

Payday Loans Available in Caledonia, MS By The Following ZIP Codes:

39740

Are Payday Loans Legal In Caledonia, 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

Caledonia, MS payday loan calculator

Understanding Payday Loans in Caledonia, Mississippi

Payday loans are a popular method of obtaining short-term loans for people in need of immediate cash. They are quick and easy to obtain and are designed to help borrowers cover unexpected expenses, bills, or emergencies that might arise between paychecks.

In Caledonia, Mississippi, payday loans are legal and regulated by state laws. As a lender, TheGuaranteedLoans is committed to ensuring that borrowers in Caledonia understand how payday loans work and their obligations when taking them out.

How do Payday Loans Work?

Payday loans are typically small loans, usually ranging from $100 to $500, that are repaid when the borrower receives their next paycheck. They require no collateral and are typically due within two weeks or on the borrower’s next payday.

When a borrower applies for a payday loan, they provide their personal information, pay stubs or other proof of income, and information about their banking accounts. Once approved, the funds are deposited directly into the borrower’s bank account. The lender then automatically deducts the loan amount plus fees and interest from the borrower’s next paycheck, usually through a post-dated check.

Requirements to Obtain a Payday Loan in Caledonia, Mississippi

To obtain a payday loan in Caledonia, Mississippi, a borrower must meet the following requirements:

  • Be at least 18 years old
  • Be a resident of Mississippi with a valid ID
  • Have a steady source of income
  • Have an active checking account in their name
  • Provide proof of income and employment

Borrowers with a poor credit score or no credit history may still qualify for a payday loan as credit checks are often not required.

The Risks and Benefits of Payday Loans

Payday loans offer several benefits, including quick access to cash and the ability to cover unexpected expenses. However, they also come with potential risks that borrowers should be aware of before taking out a loan:

  • High interest rates and fees – Payday loans often come with high interest rates and fees, which can quickly add up and make it difficult for borrowers to repay the loan.
  • Debt cycle – Borrowers who have difficulty repaying their loans on time may find themselves trapped in a debt cycle, where they continually roll over their loan and incur additional fees and interest.
  • Impact on credit score – Late or missed payments on payday loans can negatively affect a borrower’s credit score and make it harder for them to obtain future loans or credit.

Applying for a Payday Loan in Caledonia, Mississippi

To apply for a payday loan in Caledonia, Mississippi, borrowers can fill out an online application on TheGuaranteedLoans website. As a connector service, we work with a network of reputable lenders and will connect borrowers with potential lenders based on their requirements and qualifications.

It’s important to note that TheGuaranteedLoans is not a direct lender and does not make lending decisions, but rather facilitates connections between borrowers and lenders. We encourage all borrowers to carefully read and understand the terms and conditions of their loans before accepting them.

Interesting Facts and Statistics about Payday Loans in Caledonia, Mississippi

  • Mississippi is one of 25 states in the US that allows payday loan businesses to operate legally.
  • A 2017 study conducted by the Mississippi Center for Justice found that 235,000 Mississippians rely on payday loans each year.
  • The average payday loan in Mississippi is $375, and the typical annual percentage rate (APR) is 572%.
  • According to the same study, payday lenders in Mississippi made $89 million in fees in 2016 alone.

Apply Now for a Payday Loan in Caledonia, Mississippi

If you need quick access to cash, a payday loan from one of TheGuaranteedLoans’ potential lenders may be an option for you. Fill out our online application to get started today! Remember to read and understand the terms and conditions of your loan before committing to it.

F.A.Q.

Can I get a payday loan if I am currently in bankruptcy or have a bankruptcy on my credit report?

It is possible to get a payday loan if you are currently in bankruptcy or have a bankruptcy on your credit report, but the lender may require additional documentation and may charge higher interest rates.

Is it possible to get a payday loan online in Caledonia, Mississippi?

Yes, many payday lenders in Caledonia, Mississippi offer online loan applications and may be able to provide funds through direct deposit to your bank account.