Payday Loans in Thaxton, Mississippi

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

Company nameAddressZip codePhone number
Moneyman 409a W Park Ave, Greenwood, MS 38930 +1 (662) 455 - 0000
Moneyman 3189 Hwy 45 N suite c, Columbus, MS 39705 +1 (662) 368 - 1146
Check Now 414B MS-12, Starkville, MS 39759 +1 (662) 324 - 2143
Approved Cash 503 Pinola Dr SW, Magee, MS 39111 +1 (601) 849 - 3252
Community Choice Financial 4842 Plaza Dr, Tylertown, MS 39667 +1 (601) 876 - 3250
Tower Loan 941 US-80, Clinton, MS 39056 +1 (601) 924 - 6607
Hancock Whitney Bank 4401 Kalani Dr, Diamondhead, MS 39525 +1 (800) 448 - 8812
Amory Federal Savings & Loan 213 2nd Ave N, Amory, MS 38821 +1 (662) 256 - 9323
A-1 Payday Loans 5649 MS-25 A, Flowood, MS 39232 +1 (601) 919 - 1099
Tower Loan 152 W College Ave, Holly Springs, MS 38635 +1 (662) 252 - 8909

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Thaxton, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Greenville, MS, Bad Credit Loans in Gulfport, MS, Payday Loans in Hattiesburg, MS, Short-term Loans in Jackson, MS, Payday Loans in Meridian, MS, Payday Loans in Olive Branch, MS, Same Day Loans in Southaven, MS and Payday Loan for Tupelo, 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 Thaxton, MS.

Beautiful sights of Thaxton, MS

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

38871

Are Payday Loans Legal In Thaxton, 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

Thaxton, MS payday loan calculator

The Ultimate Guide to Payday Loans in Thaxton, Mississippi

Life is unpredictable, and sometimes, unexpected expenses can put a strain on your finances. If you find yourself in a bind, payday loans in Thaxton, Mississippi, can help you cover your short-term financial needs. These types of loans are becoming increasingly popular in Mississippi. However, before you take out a payday loan, you should understand how it works and what to expect.

What are Payday Loans?

Payday loans are short-term loans, typically due on the borrower’s next payday. The loans are usually for small amounts, and the application process is simple and quick, making them an attractive solution for many consumers with immediate financial needs.

To get a payday loan, you need to provide your identification, proof of income, and banking information. You then write a check to the lender for the loan amount plus fees and interest, which will be cashed on your next payday.

Legal Status of Payday Loans in Thaxton, Mississippi

Currently, payday loans are legal and regulated in Mississippi. The Mississippi Department of Banking and Consumer Finance oversees the payday loan industry, ensuring that all lenders in the state comply with the law.

According to Mississippi law, payday loans are limited to $500 per borrower, and lenders are not allowed to charge more than $20 per $100 borrowed. This means that if you take out a $100 loan, you will need to repay $120 when the loan is due.

Applying for a Payday Loan in Thaxton, Mississippi

Applying for a payday loan in Thaxton, Mississippi, is a straightforward process. Most lenders have an online application process that requires identification, a bank statement, and proof of income. Once you have completed the application process, the lender will review your application to determine if you are eligible for a loan.

If you are eligible, you will receive the loan amount in your bank account within 24 hours. However, be sure to read the loan agreement carefully and understand the fees and interest rates before signing.

Repaying a Payday Loan

When your loan is due, the lender will cash your check, or if you have authorized an electronic debit, they will withdraw the funds from your bank account. If you cannot repay the loan on the due date, you can request an extension, known as a rollover or renewal, which will add additional fees and interest to the loan amount.

It is crucial to repay the loan on time to avoid any additional fees or charges. If you default on a payday loan, the lender can sue you, and the debt can appear on your credit report.

Interesting Facts and Statistics about Payday Loans in Thaxton, Mississippi

  • According to the Center for Responsible Lending, payday loans in Mississippi have an average APR of 521%.
  • In 2019, Mississippi had over 1,000 payday lending locations across the state.
  • The Mississippi Legislature passed a law in 2018 regulating the payday loan industry, including limiting the number of rollovers and renewals per loan.

Apply Now

If you need a payday loan in Thaxton, Mississippi, visit TheGuaranteedLoans website and fill out our online application form. We are a connector service and will match you with potential lenders based on your financial needs.

Remember, payday loans are a short-term solution to immediate financial needs. Before you take out a payday loan, make sure you understand the fees, interest rates, and repayment terms. Be sure to borrow only what you can afford to repay, and if possible, explore alternative options like credit counseling, payment plans, or emergency assistance programs.

At TheGuaranteedLoans, we are committed to transparency and customer satisfaction. Contact us today for more information on how we can help you find the right financial solution for your needs.

F.A.Q.

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

When applying for a payday loan in Thaxton, 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 Thaxton, Mississippi?

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