Payday Loans in Elliott, Mississippi

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

Company nameAddressZip codePhone number
Thrifty Check Advance 2425 US-80, Jackson, MS 39204 +1 (601) 353 - 5412
Deweese Payroll Advance LLC 208 MS-12, Starkville, MS 39759 +1 (662) 323 - 5568
Advance America 3680 Sangani Blvd i, D'Iberville, MS 39540 +1 (228) 396 - 5896
Check Advance 14861 W. Main St, Louisville, MS 39339 +1 (662) 779 - 2611
All American Check Cashing 1107 E Frontage Dr, Wiggins, MS 39577
Check Plus LLC 305 S Main St, Poplarville, MS 39470 +1 (601) 795 - 9200
First Heritage Credit 700 S Cass St, Corinth, MS 38834 +1 (662) 665 - 0608
Hattiesburg Car Title Loan Co 1910 Hardy St # B, Hattiesburg, MS 39401 +1 (601) 726 - 3005
Trustmark 102 S Cummings St, Fulton, MS 38843 +1 (662) 862 - 9777
First Heritage Credit 8995 US-51, Southaven, MS 38671 +1 (662) 393 - 4405

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Elliott, MS

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

38926

Are Payday Loans Legal In Elliott, 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

Elliott, MS payday loan calculator

Understanding Payday Loans in Elliott, Mississippi

Payday loans are a type of short-term loan that are frequently used by people with immediate financial needs. The loans are available to anyone who can provide proof of income and have a checking account. The borrower is expected to repay the loan within a short period, usually within two weeks or a month. Payday loans can be a convenient solution when you are facing financial emergencies, such as home repairs or a medical bill, that you cannot afford to cover with your current income. However, it’s important to understand how they work and what laws regulate the industry in your state.

Payday Loan Regulations in Elliott, Mississippi

Payday loans are legal in Mississippi, including Elliott. There are laws that regulate the payday loan industry in the state, including the Mississippi Title Pledge Act and the Check Cashers Act. The state requires lenders to have a valid license to operate in the state, and borrowers can only take out one loan at a time.

According to Mississippi law, the maximum amount you can borrow with a payday loan is $500, and the maximum term of the loan is 30 days. If you need more time to repay the loan, you may extend the loan up to four times, but each time you extend the loan, you will be charged additional fees.

Mississippi law regulates the amount of fees that lenders can charge for payday loans. The interest rate is not capped, but the fees for payday loans are capped at $20 per $100 borrowed. This means that if you borrow $500, you will have to repay $600 when the loan is due.

  • Interest rate: Not capped
  • Fees: Capped at $20 per $100 borrowed
  • Loan amount: Limited to $500
  • Loan term: Limited to 30 days

Benefits of Payday Loans in Elliott, Mississippi

Payday loans in Elliott, Mississippi can be a convenient and effective option if you need extra cash quickly. They can help you cover unexpected expenses and avoid late fees or penalties on bills. Unlike traditional loans, payday loans do not require collateral, and the qualification process is simple and fast. Even if you have bad credit, you may still be able to get approved for a payday loan.

However, it’s important to keep in mind that payday loans are not a long-term financial solution. They are intended to be a short-term fix for immediate needs. You should only take out a payday loan if you can afford to repay it on time and if you have no other options available.

Apply Now

TheGuaranteedLoans is a connector service that can help you connect with potential lenders in Elliott, Mississippi. We offer a simple and secure online application process that can help you get the cash you need quickly and conveniently. Please note that TheGuaranteedLoans is not a direct lender; we only connect you with potential lenders in our network.

Apply now and get started on your payday loan application today!

Interesting Facts and Statistics about Payday Loans in Elliott, Mississippi

  • Mississippi has the highest poverty rate in the United States, at 19.4%.
  • Approximately 33% of Mississippi residents have a credit score below 620, which is considered a “bad” credit score.
  • In Mississippi, the average payday loan borrower takes out eight loans per year, totaling $2,558 in fees alone.

Conclusion

Payday loans in Elliott, Mississippi can provide a crucial lifeline when you need cash quickly. However, it’s important to be informed about the regulations that govern payday loans in your state, and to ensure that you can repay the loan within the designated time frame. Choose a reputable lender, and consider all of your options before taking out a payday loan. Remember, payday loans are intended to be a short-term solution, not a long-term financial strategy.

F.A.Q.

What happens if I am unable to repay my payday loan in Elliott, Mississippi?

If you are unable to repay your payday loan in Elliott, Mississippi, the lender may take legal action to collect the debt. This may include wage garnishment or a lawsuit. It is important to communicate with your lender and try to come to a repayment plan if you are unable to make your payment.

Can I apply for a payday loan online in Elliott, Mississippi?

Yes, you can apply for a payday loan online in Elliott, Mississippi. Many lenders offer online applications and the process is usually faster and more convenient than applying in person.