Payday Loans in Tippo, Mississippi

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

Company nameAddressZip codePhone number
Renasant Bank 9027 MS-15, Ackerman, MS 39735 +1 (800) 680 - 1601
1st Franklin Financial 3189 Hwy 45 N Suite E, Columbus, MS 39705 +1 (662) 328 - 2200
PLS Loan Store 407 N Applegate St, Winona, MS 38967 +1 (662) 283 - 8825
A Dollar Cash Advance 759 Old Hwy 49, Richland, MS 39218 +1 (601) 420 - 3177
Money Now 1100 Hardy St Suite 20, Hattiesburg, MS 39401 +1 (601) 545 - 8506
First State Bank 12139 Old Highway 63, Lucedale, MS 39452 +1 (601) 947 - 9381
Reliable Finance 121 Scanlan St, Newton, MS 39345 +1 (601) 683 - 3171
World Finance 513 18th St N Suite 4, Columbus, MS 39705 +1 (662) 245 - 1550
Check Advance 1506 US-278 e, Amory, MS 38821 +1 (662) 256 - 9254
Tower Loan 749 Beulah Ave, Tylertown, MS 39667 +1 (601) 876 - 2375

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Tippo, 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

Tippo, MS payday loan calculator

Payday Loans in Tippo, Mississippi: All You Need to Know

If you live in Tippo, Mississippi, you may have considered taking out a payday loan. Payday loans are short-term loans that are intended to help people when they need cash urgently.

These loans are small and can be repaid quickly, usually when the borrower gets their next paycheck. In Mississippi, payday loans are legal, but there are still some things you need to know before you borrow.

What are Payday Loans?

Payday loans are a type of short-term loan that is designed to help people who need money fast. These loans are typically unsecured, which means that they don’t require any collateral.

The borrower must usually repay the loan within two weeks or by their next payday. The loan amount is usually based on the borrower’s income, and the lender will charge interest and fees on the loan.

Why Do People Take Out Payday Loans?

There are many reasons why someone might take out a payday loan. Some of the most common reasons include:

  • Emergencies – unexpected expenses that need to be paid immediately, such as a car repair or medical bill.
  • Overdue Bills – when someone can’t afford to pay a bill and is afraid of being charged extra fees or having a service disconnected.
  • Unexpected Expenses – expenses that come up unexpectedly, such as a school field trip or a broken appliance.
  • Shortage of Money – when someone doesn’t have enough funds to cover necessary expenses such as bills or groceries.

Pros and Cons of Payday Loans

As with any financial product, payday loans come with both advantages and disadvantages.

Pros:

  • Easy access – payday loans are easy to obtain and can be funded quickly
  • No credit check – payday lenders do not require a credit check
  • Flexible – payday loans can be used for any expense
  • Small loan amounts – borrowers only take out the amount they need

Cons:

  • High interest rates – payday loans come with very high interest rates which can make them difficult to repay
  • Short repayment term – the loan must be repaid usually within two weeks, which can be challenging
  • Potential to become trapped in a cycle of debt – borrowers can become trapped in a cycle of taking out new loans to pay off old ones

Payday Loans in Tippo, Mississippi: Interesting Facts and Statistics

According to the Mississippi Department of Banking and Consumer Finance, there were approximately 1.1 million payday loans made in the state between July 2019 and June 2020. The total amount borrowed was around $388 million, with the average loan amount being $363.

However, it’s worth noting that there have been efforts in Mississippi to limit the interest rate and fees that payday lenders can charge. In 2011, the Mississippi Legislature passed the Check Cashers Act, which regulates payday lenders in the state.

Apply Now

If you’re considering a payday loan in Tippo, Mississippi, TheGuaranteedLoans is here to help you out. We are a connector service that can put you in touch with potential lenders who can offer you a payday loan.

It’s important to remember that we are not a direct lender, and we don’t make any lending decisions. Instead, we facilitate your connection with potential lenders who may be able to help you.

If you’re interested in applying for a payday loan, simply fill out our online application form. We’ll pass your details on to our network of lenders, who will review your application and let you know if they can help.

Conclusion

Payday loans can be a valuable tool for those who need to access cash fast. However, they are not without their risks, and borrowers should be aware of the high interest rates and potential for becoming trapped in a cycle of debt.

If you’re considering a payday loan in Tippo, Mississippi, make sure you do your research and only borrow what’s necessary. And always remember to read the terms and conditions of any loan agreement carefully before signing on the dotted line.

F.A.Q.

What happens if I am unable to repay my payday loan in Tippo, Mississippi?

If you are unable to repay your payday loan in Tippo, Mississippi, the lender may take legal action to collect the debt. This may include wage garnishment or a lawsuit. 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 apply for a payday loan online in Tippo, Mississippi?

Yes, you can apply for a payday loan online in Tippo, Mississippi. Many lenders offer online applications and the process is usually faster and more convenient than applying in person.