Payday Loans in Soso, Mississippi

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

Company nameAddressZip codePhone number
Express Check Advance 595 E Main St #9, Philadelphia, MS 39350 +1 (601) 389 - 9910
First Heritage Credit Senatobia MS 112 Northwest Dr, Senatobia, MS 38668
Check Now 1227 Pass Rd, Gulfport, MS 39501 +1 (228) 867 - 2842
Instant Cash Inc 112 S Main St 2347, Petal, MS 39465 +1 (601) 554 - 8750
CB&S Bank 14331 Highway 15 North, Ripley, MS 38663 +1 (662) 837 - 4860
Cash Title Exchange and Check Depot 214 E Commerce St, Aberdeen, MS 39730 +1 (662) 369 - 4662
Cash, Inc. of Cleveland 233 North St, Cleveland, MS 38732 +1 (662) 843 - 0022
Money Market 4403 W 4th St, Hattiesburg, MS 39402 +1 (601) 268 - 7565
Stewart's Pawn Shop & Equipment 421 MS-12, Kosciusko, MS 39090 +1 (662) 289 - 5815
First Heritage Credit 311 W Monroe St, Grenada, MS 38901 +1 (662) 226 - 9400

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Soso, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Jackson, MS, Payday Loan Without a Credit Check in Meridian, MS, Payday Loans in Olive Branch, MS, 24-Hour Loan in Southaven, MS, Payday Loan Companies in Tupelo, MS, Bad Credit Loans in Biloxi, MS, Payday Loan Companies 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 Soso, MS.

Beautiful sights of Soso, MS

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

39480

Are Payday Loans Legal In Soso, 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

Soso, MS payday loan calculator

Payday Loans in Soso, Mississippi

If you’re in Soso, Mississippi and in need of quick cash, a payday loan may seem like a good option. While they can offer fast access to funds, it’s important to understand the risks and potential drawbacks of these types of loans. In this article, we’ll explore what payday loans are, how they work in Mississippi, and what alternatives you may have.

What Are Payday Loans?

Payday loans are short-term, high-interest loans that are typically due on the borrower’s next payday. They are often marketed to individuals with poor credit or no other access to financing. Borrowers will typically need to provide proof of income and a checking account to apply.

The interest rates on payday loans can be very high, often reaching up to 500% or more. This means that borrowers who are unable to repay the loan on time may quickly find themselves facing even higher fees and interest charges.

Payday Loan Laws in Mississippi

Payday loans are legal in Mississippi, and lenders are required to be licensed by the Mississippi Department of Banking and Consumer Finance. The state has also implemented some regulations on payday lenders to help protect borrowers.

In Mississippi, the maximum amount that can be borrowed through a payday loan is $500. The loan term cannot exceed 30 days, and the interest rate is capped at 520% APR.

It’s important to note that borrowers in Mississippi are only allowed to take out one payday loan at a time and are not allowed to take out more than $500 in payday loans at any given time.

Alternatives to Payday Loans

While a payday loan may seem like a quick fix for a financial emergency, there are alternative options that may be more affordable in the long term.

One alternative is to consider a personal loan from a credit union or bank. These loans often have lower interest rates and longer repayment terms than payday loans.

Another option is to explore government assistance programs, such as Supplemental Nutrition Assistance Program (SNAP) and Temporary Assistance for Needy Families (TANF). These programs can provide financial aid to those who qualify.

If you’re struggling with debt, consider working with a nonprofit credit counseling agency. These organizations can help you consolidate your debt and create a plan to pay it off.

Interesting Facts and Statistics

– In Mississippi, the average APR for a payday loan is 521%.
– Mississippi residents take out an average of 1.54 payday loans per year.
– In 2019, Mississippi residents borrowed a total of $382 million through payday loans.

Apply Now

If you’re considering a payday loan, it’s important to understand the risks and potential drawbacks before applying. At TheGuaranteedLoans, we understand the importance of finding the right financing solution for your needs. As a connector service, we work with a network of potential lenders to help connect you with the right option for your situation.

To get started, simply fill out our online application. We’ll ask for some basic information, such as your name, address, and income. Once we receive your application, we’ll work to connect you with potential lenders who may be able to offer you a loan. Remember, we’re here to help you find the financing you need, but it’s important to carefully consider your options before making a decision.

Conclusion

Payday loans can be a risky financial choice, but they may be necessary in certain situations. Remember to carefully consider your options before taking out a loan and to work with a reputable lender.

If you’re in need of a payday loan in Soso, Mississippi, TheGuaranteedLoans can help connect you with potential lenders. Don’t hesitate to reach out to us for assistance.

F.A.Q.

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

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