Payday Loans in Gunnison, Mississippi

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

Company nameAddressZip codePhone number
Easy Cash Store 190 Marketplace Dr Ste F, Richland, MS 39218 +1 (844) 335 - 5099
Great American Title Loans 2219 MS-39, Meridian, MS 39301 +1 (601) 693 - 9848
Reliable Finance 121 Scanlan St, Newton, MS 39345 +1 (601) 683 - 3171
Renasant Bank 201 S Jackson St, Crystal Springs, MS 39059 +1 (601) 892 - 0348
Southern Cash & Pawn Inc 224 State St 1, McComb, MS 39648 +1 (601) 684 - 1653
Car Title Loans 961 Memorial Blvd, Picayune, MS 39466 +1 (601) 798 - 2234
Deweese Title Loans 9091 MS-9, Ackerman, MS 39735 +1 (662) 285 - 2274
Laurel Loans Inc 744 W 5th St, Laurel, MS 39440 +1 (601) 649 - 7121
BancorpSouth Bank 326 W 3rd St, Forest, MS 39074 +1 (601) 469 - 1431
Zippy Checks 502 W Broad St, Monticello, MS 39654 +1 (601) 587 - 0080

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gunnison, 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, Short-term Loans in Tupelo, MS, Payday Loans in Biloxi, MS, Payday Loans in Greenville, MS, Short-term Loans in Gulfport, MS, Short-term Loans in Hattiesburg, MS and Payday 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 Gunnison, MS.

Beautiful sights of Gunnison, MS

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

38746

Are Payday Loans Legal In Gunnison, 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

Gunnison, MS payday loan calculator

Payday Loans in Gunnison, Mississippi

Life is full of unexpected events, and sometimes you may find yourself in a situation where you need access to fast cash. An option you may have considered is a payday loan, which is a short-term loan for small amounts of cash that typically has higher interest rates and fees than traditional loans. However, depending on your situation, a payday loan could be a good option for you. If you live in Gunnison, Mississippi, we’ll take a look at payday loans and what you need to know about them.

How do Payday Loans Work in Gunnison?

In Gunnison, like in the rest of Mississippi, payday loans are legal. This means that payday loan lenders are allowed to operate under specific regulations, which are set by the Mississippi Department of Banking and Consumer Finance to protect Mississippians. These regulations include rules on the interest rates and fees that lenders can charge.

To get a payday loan in Gunnison, you must:

  • Be at least 18 years old
  • Have a steady source of income
  • Provide valid contact information, such as a phone number and email address
  • Provide proof of residency in Mississippi

The loan process typically involves submitting an application to a lender. You may need to provide some personal and financial information, such as proof of income and a bank account number. If approved, the lender will provide you with the loan amount. The loan usually has a due date that coincides with your next paycheck.

The Pros and Cons of Payday Loans in Gunnison

If you’re considering a payday loan in Gunnison, it’s important to weigh the pros and cons before you make a decision. Here are some advantages and disadvantages of payday loans:

Pros

  • You may be approved quickly and get access to funds in a short amount of time
  • The application process is typically simple and straightforward
  • You may be able to get a loan with bad credit, as lenders often don’t perform extensive credit checks

Cons

  • The interest rates on payday loans are often much higher than traditional loans
  • You may be charged fees on top of the interest rates
  • If you don’t pay the loan back on time, you may incur further fees and damage your credit score

The Legal Regulations of Payday Loans in Gunnison

Mississippi has specific regulations in place to protect borrowers of payday loans. These regulations include:

  • Maximum loan amount of $500
  • Interest rates and fees capped at 522.08% APR
  • Maximum loan term of 30 days
  • No rollovers or extensions allowed

It’s important to understand these regulations before taking out a payday loan in Gunnison to ensure that you are protected. Additionally, make sure you read and understand the terms and conditions of your loan agreement before signing it.

Interesting Facts about Payday Loans in Gunnison, Mississippi

Did you know:

  • Mississippi has the highest poverty rate of any state in the U.S., making payday loans a more common source of emergency funds.
  • According to the Mississippi Department of Banking and Consumer Finance, as of October 2021, there were 913 licensed payday lenders in Mississippi.
  • In 2020, Mississippians took out over 560,000 payday loans, according to data from Pew Charitable Trusts.

Apply Now

If you’re in need of quick cash, and a payday loan seems like a viable option for you, TheGuaranteedLoans can help connect you with a potential lender in Gunnison, Mississippi. Fill out our simple online application and let us help you get the money you need. Remember, TheGuaranteedLoans is not a direct lender, but a loan connector service.

F.A.Q.

Are there any regulations on how many payday loans a borrower can take out in Gunnison, Mississippi?

Yes, there are regulations on how many payday loans a borrower can take out in Gunnison, Mississippi. A borrower is limited to a maximum of $500 in outstanding payday loans at any given time.

Are there any restrictions on the fees and charges associated with payday loans in Gunnison, Mississippi?

Yes, there are restrictions on the fees and charges associated with payday loans in Gunnison, Mississippi. The maximum finance charge is $21.95 per $100 borrowed, and the maximum total charge is $56.95 per $100 borrowed.