Payday Loans in Moss, Mississippi

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
First Horizon Bank 207 E Main St, Senatobia, MS 38668 +1 (662) 562 - 8236
Quik Cash 4425 N State St, Jackson, MS 39206 +1 (601) 362 - 1477
First Heritage Credit 7139 Hacks Cross Rd, Olive Branch, MS 38654 +1 (662) 890 - 9370
Regions Bank 405 Bank St, Union, MS 39365 +1 (769) 222 - 3480
Tower Loan 720 S Main St, Columbia, MS 39429 +1 (601) 736 - 5322
Harbor Financial of Meridian 721 Front St 766, Meridian, MS 39301 +1 (601) 693 - 7290
Harrison Finance Co 3611 Denny Ave, Pascagoula, MS 39581 +1 (228) 934 - 4368
Loanmax Title Loans 102 MS-12, Starkville, MS 39759 +1 (662) 323 - 9203
Title Cash 3280 N Church Ave, Louisville, MS 39339 +1 (662) 773 - 8482
Preferred Financial Services Inc 923 Robinson St, Waynesboro, MS 39367 +1 (601) 735 - 9311

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Moss, 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

Moss, MS payday loan calculator

Payday Loans in Moss, Mississippi: A Comprehensive Guide

If you’re struggling to make ends meet, a payday loan may seem like a quick and easy solution. But before you take out a payday loan in Moss, Mississippi, it’s important to understand how these loans work, the laws and regulations surrounding them, and the potential risks involved.

What are Payday Loans?

Payday loans are short-term loans that are usually due on your next payday. They’re designed to help you cover unexpected expenses or emergencies, such as a car repair or medical bill.

The application process for a payday loan is typically fast and easy. You provide the lender with proof of income, a bank account, and a post-dated check for the loan amount plus fees. The lender will give you the loan in cash or deposit it into your bank account.

However, the fees associated with payday loans can be quite high, and some borrowers can find themselves trapped in a cycle of debt. In general, it’s important to consider all of your options before taking out a payday loan.

Payday Loan Laws in Mississippi

Payday loans are legal in Mississippi, but there are strict regulations in place to protect consumers. For example, the maximum loan amount is $500, and the loan term cannot be longer than 30 days.

The maximum finance charge for a payday loan in Mississippi is $20 per $100 borrowed. This means that if you borrow $100, you’ll have to pay back $120 on your next payday.

There is also a limit on how many payday loans you can have at one time. You can only have one outstanding loan at a time, and you can’t rollover or renew a loan. If you can’t repay your loan on time, the lender can’t threaten you with criminal prosecution, and they can’t charge you additional fees.

The Risks of Payday Loans

While payday loans can seem like a quick and easy solution to financial problems, they come with significant risks. One of the biggest risks is the high cost of fees and interest rates associated with these loans.

If you can’t repay your loan on time, you could end up trapped in a cycle of debt. This is because payday lenders often encourage borrowers to roll over their loans, which means you’ll owe more money in fees and interest. In some cases, borrowers have been known to take out additional payday loans to repay their initial loan, which can lead to a dangerous cycle of debt.

If you’re considering a payday loan, it’s important to carefully read and understand the terms and conditions of the loan, including the fees and interest rates. You should also be realistic about your ability to repay the loan on time.

Interesting Facts and Statistics about Payday Loans in Mississippi

  • Despite the strict regulations in place in Mississippi, payday lenders still charge an average interest rate of 521% on these loans.
  • In 2020, Mississippi lawmakers introduced legislation to cap the interest rate on payday loans at 36%. However, the bill did not pass.
  • According to a report by the Center for Responsible Lending, payday loans in Mississippi account for nearly $300 million in fees annually.

Applying for a Payday Loan in Moss, Mississippi

If you’ve weighed your options and decided that a payday loan is the right choice for you, TheGuaranteedLoans can help connect you with potential lenders.

It’s important to remember that TheGuaranteedLoans is not a direct lender. Instead, we work with a network of trusted lenders to help connect borrowers with loans that meet their individual needs.

To apply for a payday loan in Moss, Mississippi, simply fill out our online application. We’ll review your application and connect you with potential lenders who may be able to offer you a loan. If you’re approved for a loan, the lender will provide you with the loan agreement, including the fees and interest rates, for you to review and sign.

Conclusion

While payday loans can seem like a quick and easy solution to financial problems, they come with significant risks. Before taking out a payday loan in Moss, Mississippi, it’s important to understand how these loans work, the laws and regulations surrounding them, and the potential risks involved.

If you’ve weighed your options and decided that a payday loan is the right choice for you, TheGuaranteedLoans can help connect you with potential lenders who may be able to offer you a loan that meets your individual needs.

F.A.Q.

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

To qualify for a payday loan in Moss, 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 Moss, Mississippi?

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