Payday Loans in Guntown, Mississippi

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

Company nameAddressZip codePhone number
Country Cash Inc 226 S High School Ave, Columbia, MS 39429 +1 (601) 731 - 5564
PriorityOne Bank 164 MS-481, Morton, MS 39117 +1 (601) 732 - 6106
Bullock Check Cashing 197 Gen Robert E Blount Dr, Bassfield, MS 39421 +1 (601) 943 - 6821
PLS Auto Title & Loan Store East, 100 Meadowbrook Dr #107, Petal, MS 39465 +1 (601) 544 - 0342
Woodforest Bank 527 Lake St, Hazlehurst, MS 39083 +1 (601) 894 - 0151
BankPlus 129 S Frontage Rd, Newton, MS 39345 +1 (601) 683 - 1160
Renasant Bank 1100 Central St, Water Valley, MS 38965 +1 (800) 680 - 1601
Payday Loans Natchez, MS 39120
Dodge's Money Center 4267 US-82, Leland, MS 38756 +1 (662) 686 - 4478
Small Business Loans Gulfport MS - Merchant Cash Advance Mississippi - Invoice Factoring & Unsecured Loans 14230 Seaway Rd, Gulfport, MS 39503 +1 (228) 641 - 0683

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Guntown, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Meridian, MS, 24-Hour Loan in Olive Branch, MS, Payday Loans in Southaven, MS, Bad Credit Loans in Tupelo, MS, Emergency Loan in Biloxi, MS, Payday Loans in Greenville, MS, Same Day Loans in Gulfport, MS and Short-term Loans in Hattiesburg, 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 Guntown, MS.

Beautiful sights of Guntown, MS

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

38849

Are Payday Loans Legal In Guntown, 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

Guntown, MS payday loan calculator

Payday loans are a popular financial option for those living in Guntown, Mississippi. They are short-term loans that help you bridge the gap between paychecks.

How Do Payday Loans Work in Guntown, Mississippi?

In Mississippi, payday loans are legal and are governed by the Mississippi Code Ann. § 75-67-501. Payday lending is regulated by the Mississippi Department of Banking and Consumer Finance. Miss. Code Ann. § 75-67-501 et seq. (2018). These loans are considered short-term, high-interest lending, with the maximum loan amount being $500. The term of the loan can range from 14 days to 30 days.

The maximum finance charges you can expect to pay are $20 per $100 borrowed. This means you will be charged $100 for each $500 borrowed. Additionally, there is no cap on the amount of interest a payday lender can charge in Mississippi, so make sure you read the loan agreement carefully.

Who Can Get a Payday Loan in Guntown, Mississippi?

To qualify for a payday loan in Mississippi, you must be at least 18 years old and have a steady source of income. Proof of income can be in the form of a paycheck stub, bank account statement, or other documentation. You will also need a valid ID and an active bank account for the payday loan lender to deposit the loan proceeds.

What Are The Pros and Cons of Payday Loans in Guntown, Mississippi?

Pros:

  • Easy access to funds
  • Quick application process
  • No credit check required
  • Can help you avoid late fees, overdraft fees, and other penalties

Cons:

  • High-interest rates and fees
  • Short repayment term, which can lead to a cycle of debt
  • May lead to financial hardship if not managed responsibly

Interesting Facts and Statistics about Payday Loans in Guntown, Mississippi:

  • The average payday loan in Mississippi is $372, with an average of 625% APR (Annual Percentage Rate).
  • More than 770,000 payday loans totaling over $291 million were issued in Mississippi in 2019.
  • On average, a borrower will roll over their loan eight times, paying a total of $527 in fees.
  • Payday lenders in Mississippi earned $38.5 million in fees in 2019.

Apply Now for a Payday Loan in Guntown, Mississippi!

If you need quick access to cash, apply now for a payday loan in Guntown, Mississippi on TheGuaranteedLoans website. We are a connector service, not a direct lender, and we will facilitate your connection with potential lenders.

Fill out our online application form, and we will match you with lenders who are willing to work with you. Remember to read the loan agreement carefully before accepting the loan. You should understand all the terms and conditions, including any fees associated with the loan.

Apply now and get the cash you need to cover unexpected expenses!

Disclaimer: TheGuaranteedLoans is not a direct payday loan lender. We only connect borrowers with potential lenders. Loan agreement terms and conditions are between the borrower and the lender. Borrowers should read and understand the loan agreement carefully before accepting the loan.

F.A.Q.

Is it mandatory for payday lenders to provide information on alternative forms of credit in Guntown, Mississippi?

Yes, payday lenders in Guntown, Mississippi are required to provide information on alternative forms of credit to borrowers. This is to ensure that borrowers have access to other options for borrowing money, and to prevent them from taking out multiple payday loans.

Are there any protections for borrowers of payday loans in Guntown, Mississippi?

Yes, there are protections for borrowers of payday loans in Guntown, Mississippi. These include the requirement for lenders to disclose the terms and conditions of the loan, the prohibition on rollovers and renewals, and the maximum interest rate and fees that can be charged. Borrowers also have the right to dispute any incorrect information on their credit reports.