Payday Loans in Rome, Mississippi

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

Company nameAddressZip codePhone number
Tower Loan 222 W Main St, Louisville, MS 39339 +1 (662) 773 - 3458
First Choice 112 Idlewild Rd, Columbus, MS 39702 +1 (662) 328 - 4444
Oddity Title Loan 109 E Church St # A, Greenwood, MS 38930 +1 (662) 455 - 7753
Regions Bank 134 E Peeler Ave, Shaw, MS 38773 +1 (800) 734 - 4667
First Metropolitan Financial 1601 S Adams St # B, Fulton, MS 38843 +1 (662) 862 - 7882
Approved Cash 503 Pinola Dr SW, Magee, MS 39111 +1 (601) 849 - 3252
First Heritage Credit 2680 N Hills St, Meridian, MS 39305 +1 (601) 485 - 0700
Express Check Advance 2326 US-82, Greenwood, MS 38930 +1 (662) 451 - 9003
Check 'n Go 153 US-45 ALT, West Point, MS 39773 +1 (662) 495 - 1150
LoanMaster 12449 Highway 49 South B, Gulfport, MS 39503 +1 (228) 539 - 2027

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rome, 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, Payday Loans in Olive Branch, MS, No Credit Check Loans in Southaven, MS, Same Day Loans 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 Rome, MS.

Are Payday Loans Legal In Rome, 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

Rome, MS payday loan calculator

Payday Loans in Rome, Mississippi: What You Need to Know

If you’re experiencing financial hardship and are in need of quick cash, payday loans may seem like an attractive option. In Rome, Mississippi, payday loans are legal, but before you consider taking one out, it’s important to understand the risks and requirements associated with them.

What are payday loans?

Payday loans are short-term loans, typically due on your next payday. They are designed to be quick and easy to obtain for those who need fast cash, but they often come with high interest rates and fees.

How do they work in Rome, Mississippi?

In Mississippi, the maximum amount you can borrow with a payday loan is $500. Lenders can charge up to 21.95% interest, plus a $20 fee on every $100 borrowed. This means that if you borrow the maximum amount of $500, you’ll pay back $617.50 on your next payday.

It’s important to note that if you’re unable to pay back your loan on time, the lender may charge additional fees and interest, making it even harder to pay off the loan.

What are the risks?

Payday loans can be risky for those who are already struggling with debt. The high interest rates and fees can make it difficult to pay off the loan, and if you’re unable to pay it back on time, you could find yourself in a cycle of debt.

In addition, some lenders may engage in predatory practices, such as charging excessive fees or harassing borrowers who are unable to pay.

What are the requirements?

To qualify for a payday loan in Rome, Mississippi, you must have a valid ID, proof of income, and an active checking account. Some lenders may also require a post-dated check as collateral.

Interesting Facts and Statistics about Payday Loans in Rome, Mississippi

  • In Mississippi, payday loans are legal but are subject to strict regulations to protect borrowers.
  • The average APR for payday loans in Mississippi is 521%. This is one of the highest in the country.
  • In 2019, Mississippi had the highest concentration of payday lenders per capita in the nation.
  • 22% of Mississippians live below the poverty line, which may contribute to the demand for payday loans.

Apply Now

If you’re considering a payday loan, it’s important to research your options and only take out a loan if you’re confident you can repay it on time. TheGuaranteedLoans can help connect you with potential lenders in Rome, Mississippi. Remember, we are not a direct lender, but a connector service. Fill out our online application form to get started.

Conclusion

While payday loans can be a tempting solution to short-term financial troubles, they come with high fees and interest rates that can make it difficult to pay them back. If you’re considering a payday loan in Rome, Mississippi, it’s important to understand the risks and requirements before you borrow. Do your research, consider alternative options, and only take out a loan if you’re confident you can repay it on time.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Rome, Mississippi?

Yes, if you default on a payday loan in Rome, Mississippi, the lender may take legal action to collect the debt. This may include suing you or garnishing your wages. It is important to communicate with your lender and try to come to a repayment plan if you are unable to make your payment.

Can I get a payday loan if I have bad credit in Rome, Mississippi?

Yes, you can get a payday loan even if you have bad credit in Rome, Mississippi. Payday loans do not typically require a credit check, so your credit history will not be a factor in your eligibility.