Payday Loans in Tinsley, Mississippi

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

Company nameAddressZip codePhone number
Republic Finance 1116 Delaware Ave # B, McComb, MS 39648 +1 (601) 684 - 1911
Check Cashers & More Inc 310 Hwy 16 W, Carthage, MS 39051 +1 (601) 267 - 0070
Check Advance 1515 Hwy. 72 East, Corinth, MS 38834 +1 (662) 287 - 5577
Liberty Tax and Loans 700 U.S. 49 Frontage Rd, Richland, MS 39218 +1 (601) 420 - 3177
Liberty Finance Co 500 N Applegate St, Winona, MS 38967 +1 (662) 283 - 5353
Eagle Financial Inc. 5914 US 49 20, Hattiesburg, MS 39401
Inverness Money Mart 609 Highway 49, Inverness, MS 38753 +1 (662) 265 - 5960
LoanMaster 100 S Gloster St, Tupelo, MS 38801 +1 (662) 842 - 3156
Mechanics Bank 319 Main St, Water Valley, MS 38965 +1 (662) 473 - 2261
Advance America 121 W Central Ave b, Petal, MS 39465 +1 (601) 583 - 6805

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Tinsley, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Olive Branch, MS, Payday Loan for Southaven, MS, Online Loans in Tupelo, MS, Payday Loans in Biloxi, MS, Payday Loan Without a Credit Check in Greenville, MS, Payday Loans in Gulfport, MS, 24-Hour Loan in Hattiesburg, MS and Payday Loans in Jackson, 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 Tinsley, MS.

Are Payday Loans Legal In Tinsley, 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

Tinsley, MS payday loan calculator

Payday Loans in Tinsley, Mississippi: Everything You Need to Know

Payday loans can be a useful financial tool when you’re facing unexpected expenses or need to cover your bills before your next paycheck arrives. And if you’re in Tinsley, Mississippi, you’re in luck because payday loans are legal in the state.

Before you take out a payday loan in Tinsley, it’s crucial to understand how they work, the regulations surrounding them, and the potential risks and benefits involved.

What are Payday Loans?

A payday loan is a short-term loan that you can take out to cover unexpected expenses or to help make ends meet before your next paycheck arrives. In Tinsley, Mississippi, payday loans can be for a maximum of $500 for a loan term of up to 30 days.

To get a payday loan in Tinsley, you’ll need to provide some personal information, including your name, address, and employment details. You’ll also need to show proof of income, such as a pay stub, and provide a post-dated check or authorize an electronic withdrawal to repay the loan.

Regulations for Payday Loans in Tinsley, Mississippi

As mentioned earlier, payday loans are legal in Mississippi, including Tinsley. However, there are regulations in place to protect consumers and prevent predatory lending practices.

  • Loan amount: Payday loans in Tinsley cannot exceed $500.
  • Loan term: The loan term for payday loans in Tinsley is up to 30 days.
  • Interest rates: The maximum annual percentage rate (APR) for payday loans in Mississippi is 521%. However, the interest rates for payday loans in Tinsley may vary.
  • Fees: The finance charge for payday loans in Tinsley is capped at 22% of the loan amount.

It’s important to note that rollovers and renewals of payday loans are not permitted under Mississippi law. This means that you cannot take out a new payday loan to pay off an existing one.

Benefits and Risks of Payday Loans

As with any financial product, payday loans come with both benefits and risks. Here are some of the potential advantages and drawbacks of taking out a payday loan:

Benefits:

  • Quick and easy access to cash
  • No credit check required
  • No collateral required

Risks:

  • High interest rates and fees
  • Short loan terms
  • Potential for debt trap

It’s essential to weigh the potential benefits and risks before taking out a payday loan in Tinsley. If you decide that a payday loan is the right choice for you, make sure you choose a reputable lender and read the terms and conditions carefully before signing any agreement.

Interesting Facts and Statistics about Payday Loans in Tinsley, Mississippi

  • In Mississippi, the average payday loan APR is 520.18%.
  • According to a report by the Mississippi Center for Justice, the state has one of the highest poverty rates in the nation, with around 20% of Mississippians living in poverty.
  • In 2019, the Mississippi legislature failed to pass a bill that would have provided some regulatory relief for payday loans. The proposed legislation would have capped interest rates at 36% and allowed borrowers to set up payment plans to repay their loans.

Apply Now

If you’re in Tinsley, Mississippi, and in need of quick cash, TheGuaranteedLoans can help you connect with potential payday lenders. We are a connector service, not a direct lender, so you can be assured of finding a lender that is right for you.

To apply, simply fill out our online application form, and we’ll match you with one of our trusted network of lenders. Approval usually takes just a few minutes, and you could receive your cash within one business day.

Remember, payday loans should only be used as a short-term financial solution. Make sure you understand the terms and conditions before agreeing to any loan, and always borrow responsibly.

If you have any questions or concerns about payday loans in Tinsley, Mississippi, or any other financial products, feel free to reach out to us for help. We’re here to provide the information and guidance you need to make informed financial decisions.

F.A.Q.

What are the requirements to qualify for a payday loan in Tinsley, Mississippi?

To qualify for a payday loan in Tinsley, Mississippi, you must be 18 years or older, have a valid ID and a verifiable source of income.

Do I need to have a bank account to get a payday loan in Tinsley, Mississippi?

Yes, you must have a valid checking or savings account to get a payday loan in Tinsley, Mississippi.