Payday Loans in Nesbit, Mississippi

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

Company nameAddressZip codePhone number
Check Now 3827 Bienville Blvd #4, Ocean Springs, MS 39564 +1 (228) 872 - 8688
Liberty Finance Company 2005 Harris Dr, Oxford, MS 38655 +1 (662) 234 - 4560
1st Heritage Credit 408 N Applegate St, Winona, MS 38967
CMB Financial Services Inc Laurel, MS 39440 +1 (601) 426 - 9060
Moneyman 2751 W Roane Ave, Eupora, MS 39744 +1 (662) 744 - 7002
Family Check Advance 2243 MS-15, Pontotoc, MS 38863 +1 (662) 489 - 7988
Check Now 1516 US-278 E, Amory, MS 38821 +1 (662) 257 - 6335
Rapid Cash 333 S Main St, Water Valley, MS 38965 +1 (662) 473 - 5000
Regions Bank 305 E Pine St, Ripley, MS 38663 +1 (662) 587 - 8570
Moneyman 1550 Jameson Dr, Grenada, MS 38901 +1 (662) 226 - 6562

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Nesbit, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Jackson, MS, Online Loans in Meridian, MS, Payday Loans in Olive Branch, MS, Online Loans in Southaven, MS, Payday Loan for Tupelo, MS, Guaranteed 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 Nesbit, MS.

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

38651

Are Payday Loans Legal In Nesbit, 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

Nesbit, MS payday loan calculator

Understanding Payday Loans in Nesbit, Mississippi

If you’re struggling financially and need a quick solution to tide you over until your next paycheck, payday loans in Nesbit, Mississippi might be an option worth considering. While payday loans can be a helpful financial tool in certain situations, it’s important to understand the pros, cons, and rules surrounding them before taking one out for yourself.

What Are Payday Loans?

A payday loan is an unsecured, short-term loan that typically must be repaid by the borrower’s next payday. These loans are intended to help individuals who need quick access to cash to cover expenses like bills, rent, or unexpected emergencies. The loan amount is usually based on the borrower’s income and can range from $100 to $500 or more, depending on the lender.

Pros of Payday Loans

  • Quick and easy access to cash
  • No strict credit requirements
  • Can help borrowers with bad credit or no credit history

Cons of Payday Loans

  • High fees and interest rates
  • Short repayment period
  • May lead to a cycle of debt if not paid on time
  • Not intended for long-term financial solutions

Payday Loans in Nesbit, Mississippi: Legal Status

Payday loans are legal in the state of Mississippi. However, the Mississippi Department of Banking and Consumer Finance requires lenders to be licensed and comply with various regulations to protect borrowers.

How Do Payday Loans Work in Nesbit, Mississippi?

In Nesbit, Mississippi, payday loan lenders must adhere to the following rules:

  • A maximum of $500 can be borrowed
  • The loan term must be between 28 and 30 days
  • The interest rate cannot exceed 521% APR
  • Lenders must provide a written agreement outlining the loan terms and fees
  • Borrowers have the right to rescind the loan up to the close of business on the next day following the loan transaction

Interesting Facts and Statistics About Payday Loans in Nesbit, Mississippi

In 2019, Mississippi borrowers took out over 236,000 payday loans, totaling over $129 million in loans. The average loan amount was $486, and the average loan term was 22 days.

Should You Take Out a Payday Loan in Nesbit, Mississippi?

Whether or not a payday loan is a good option for you depends on your financial situation and needs. If you need quick access to cash for an unexpected expense and have no other options, a payday loan may be the right choice. However, if you can’t pay the loan back on time, it can lead to a cycle of debt and financial hardship.

Apply Now with TheGuaranteedLoans

At TheGuaranteedLoans, we understand that unexpected expenses can arise and cause financial stress. Our online application process makes it easy to connect with lenders and find the right financial solution for you. Remember, we are a connector service, not a direct lender, and we will facilitate your connection with potential lenders. Apply now and let us help you find the financial support you need!

F.A.Q.

What is the maximum amount I can borrow through a payday loan in Nesbit, Mississippi?

The maximum amount you can borrow varies by lender and is typically determined by your income and ability to repay the loan.

Do I need to provide collateral to get a payday loan in Nesbit, Mississippi?

No, payday loans are typically unsecured and do not require collateral.