Payday Loans in New Site, Mississippi

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

Company nameAddressZip codePhone number
Kwik Cash Check Advance 3001 Goodman Rd 2, Horn Lake, MS 38637 +1 (662) 280 - 2274
Great American Loans 523 18th Ave N, Columbus, MS 39705 +1 (662) 241 - 6596
1st Franklin Financial 2412 E Parkway St, Hernando, MS 38632 +1 (662) 449 - 2661
Check Into Cash 35 Byrd Pkwy suite 1101, Petal, MS 39465 +1 (601) 582 - 1052
Kwik Cash Check Advance 330 E Lee St, Sardis, MS 38666 +1 (662) 487 - 0232
Cash Now Check Advance 118 Norfleet Dr # B, Senatobia, MS 38668 +1 (662) 562 - 9255
All American Check Exchange 225 Meadowbrook Rd A, Jackson, MS 39206 +1 (601) 982 - 9076
Westside Finance 315 Main St, Philadelphia, MS 39350 +1 (601) 656 - 2851
Republic Finance 508 W Park Ave, Greenwood, MS 38930 +1 (662) 453 - 2957
CryptoFlip Cryptocurrency Exchange 414b MS-12, Starkville, MS 39759 +1 (662) 324 - 2143

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in New Site, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Biloxi, MS, Payday Loans in Greenville, MS, Payday Loans in Gulfport, MS, Payday Loans in Hattiesburg, MS, Payday Loans in Jackson, MS, Payday Loans in Meridian, MS, Payday Loans in Olive Branch, MS and Emergency Loan in Southaven, 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 New Site, MS.

Are Payday Loans Legal In New Site, 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

New Site, MS payday loan calculator

Understanding Payday Loans in New Site, Mississippi

Financial emergencies can pop up when you least expect them, disrupting our day-to-day life. Scrambling to meet these unexpected expenses can be incredibly stressful, especially when you have bad credit. This is where payday loans come in. They are short-term, high-interest loans designed to help you access the funds you need to cover unexpected expenses, bills, or other urgent financial needs.

Are Payday Loans Legal in Mississippi?

The legality of payday loans varies from state to state. In Mississippi, payday loans are legal, but with certain regulations to protect consumers from predatory lending practices.

There are a few things to keep in mind if you are considering taking out a payday loan in New Site, Mississippi. First, the maximum loan amount is $500, and the maximum loan term is 30 days. Additionally, lenders can only charge up to $20 per $100 borrowed, which can add up to an annual percentage rate (APR) of up to 521%. This is significantly higher than other types of loans, such as personal loans or credit cards.

How Do Payday Loans Work?

Payday loans are typically advertised as a quick and easy way to get the cash you need. The process is simple: you provide proof of income, a bank account, and personal information to the lender, who then determines your loan eligibility. If you are approved, the lender will typically deposit the funds into your account within one business day.

On your loan due date, the lender will automatically withdraw the loan amount plus fees from your bank account. If you cannot pay the loan back in full on the due date, you may be able to renew or rollover the loan, but this can come with additional fees and interest charges. It’s important to carefully review the loan terms and understand the total cost of borrowing before accepting a payday loan.

Who Should Consider a Payday Loan?

Payday loans can be a viable option for those who have limited options for borrowing money. If you have bad credit or a short credit history, traditional lenders such as banks may not approve your loan application. Additionally, payday loans can be appealing to those who need cash quickly and can repay the loan on time, without the added fees and interest charges.

However, it’s important to keep in mind that payday loans can come with high interest rates and fees. If you are unable to pay back the loan in full on the due date, you may face additional charges and a cycle of debt that can be difficult to break. It’s also important to explore other loan options and make a plan for repayment before taking out a payday loan.

Interesting Facts about Payday Loans in New Site, Mississippi

  • In Mississippi, payday loans cannot exceed $500, and the term cannot be longer than 30 days.
  • Mississippi has the highest poverty rate in the country, which can lead to a higher demand for payday loans.
  • In 2019, there were over 280 payday lending locations in Mississippi, according to the Mississippi Center for Justice.

Apply Now

If you are considering a payday loan in New Site, Mississippi, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we work with a network of trusted lenders to help you find the best loan options for your needs.

It’s important to keep in mind that TheGuaranteedLoans is a connector service, not a direct lender. This means that we do not make loan decisions or provide loans directly. Instead, we facilitate your connection with potential lenders who can provide you with loan options based on your individual needs and preferences.

Apply now and take a step towards securing the financial assistance you need, with the support of TheGuaranteedLoans.

F.A.Q.

What do I need to bring with me when applying for a payday loan in New Site, Mississippi?

When applying for a payday loan in New Site, Mississippi, you may need to provide proof of income, identification, and a valid bank account. Some lenders may also require additional documentation, such as a recent pay stub or proof of residence.

Can I get a payday loan if I am on active military duty in New Site, Mississippi?

Yes, payday lenders in New Site, Mississippi are required to comply with the Military Lending Act, which provides additional protections for active military members.