Payday Loans in Little Rock, Mississippi

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

Company nameAddressZip codePhone number
Cash Cow Advance 1602 N Parkway St, Corinth, MS 38834 +1 (662) 665 - 0305
Quick Money 381 John R Junkin Dr 101, Natchez, MS 39120 +1 (601) 442 - 3100
A1 Check Cashing Inc 604 US-80 # A, Clinton, MS 39056 +1 (601) 925 - 9777
Cash Tyme 150 MS-6, Batesville, MS 38606 +1 (662) 578 - 7800
Mc Comb Financial Inc 131 N Broadway, McComb, MS 39648 +1 (601) 249 - 2473
Noxubee Finance Inc 305 Jefferson St, Macon, MS 39341 +1 (662) 726 - 2412
Walmart Money Center 1110 Battleground Dr, Iuka, MS 38852
Acceptance Loan Company, Inc. 163 Turtle Creek Dr 60, Hattiesburg, MS 39402 +1 (601) 264 - 4458
Tower Loan 649 W Monroe St, Grenada, MS 38901 +1 (662) 226 - 8077
Holmes County Bank & Trust Co 316 Court Sq, Lexington, MS 39095 +1 (662) 834 - 2311

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Little Rock, 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, Short-term Loans in Southaven, MS, Payday Loans in Tupelo, MS, Short-term Loans in Biloxi, MS, Payday Loans in Greenville, MS, Payday Loan for Gulfport, MS, Payday 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 Little Rock, MS.

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

39337

Are Payday Loans Legal In Little Rock, 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

Little Rock, MS payday loan calculator

Payday Loans in Little Rock, Mississippi: What You Need to Know

Payday loans, also known as cash advance loans, are a type of short-term loan typically used for small financial emergencies. These types of loans are available in Mississippi, including in Little Rock, but it’s essential to fully understand the terms and conditions before applying for one.

How Do Payday Loans Work?

Payday loans are designed to help borrowers cover unexpected expenses until their next paycheck. They typically have a high-interest rate and must be repaid in full within a short period of time. In Mississippi, the maximum amount a borrower can take out is $500, and the loan term may not exceed 30 days.

Payday lenders may require access to a borrower’s bank account or a post-dated check for the loan amount plus fees. If the borrower is unable to repay the loan on time, they may be subject to additional fees and penalties, potentially leading to a cycle of debt.

Payday Loan Regulations in Mississippi

While payday loans are legal in Mississippi, the state has implemented regulations to protect borrowers from predatory lending practices. Under Mississippi law, lenders may not charge more than $20 per $100 borrowed. In addition, lenders must provide borrowers with a written agreement outlining the terms and conditions of the loan.

It’s important to note that while state regulations aim to protect borrowers, payday loans can still be incredibly expensive due to their high-interest rates. It’s essential to understand all fees associated with the loan and to only borrow what you can realistically afford to repay.

Pros and Cons of Payday Loans in Little Rock, Mississippi

Payday loans can be a convenient option for those in need of fast cash, but they also come with a host of potential drawbacks.

Pros:

  • Quick access to cash
  • No credit check required
  • Available to borrowers with poor credit

Cons:

  • High-interest rates and additional fees
  • Short repayment terms can lead to debt cycles
  • May require access to a borrower’s bank account

Interesting Facts and Statistics about Payday Loans in Little Rock, Mississippi

According to a 2019 study by the Mississippi Economic Policy Center, payday loans in Mississippi have an average annual interest rate of 305%. In addition, the study found that 87% of payday borrowers in Mississippi took out two or more loans per year.

While payday loans can be a valuable resource for some borrowers, it’s important to understand the risks and potential drawbacks before agreeing to a loan. Borrowers should only take out payday loans if they are confident they can repay the loan in full and on time.

Apply Now with TheGuaranteedLoans

If you’re considering a payday loan in Little Rock, Mississippi, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we offer access to a broad network of payday lenders. It’s important to understand that TheGuaranteedLoans is a connector service and not a direct lender. We work to facilitate connections between borrowers and lenders, but we do not approve or offer loans ourselves. Apply now to get started.

F.A.Q.

What are the requirements to qualify for a payday loan in Little Rock, Mississippi?

To qualify for a payday loan in Little Rock, Mississippi, you must be 18 years or older, have a valid ID and a verifiable source of income.

Do I need to have a bank account to get a payday loan in Little Rock, Mississippi?

Yes, you must have a valid checking or savings account to get a payday loan in Little Rock, Mississippi.