Payday Loans in Wayside, Mississippi

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

Company nameAddressZip codePhone number
Money Store Inc 800 E Quitman St, Iuka, MS 38852 +1 (662) 424 - 9754
Hope Credit Union 106 E Main St, Utica, MS 39175 +1 (601) 991 - 3336
Quik Lend 3040 Goodman Rd # 11, Horn Lake, MS 38637 +1 (662) 349 - 0017
Tower Loan 1200 Lasalle St # 18, McComb, MS 39648 +1 (601) 684 - 9800
CB&S Bank 2720 MS Highway 12 West, Sturgis, MS 39769 +1 (662) 465 - 7442
Keesler Federal Credit Union Wesley Branch 201 Methodist Blvd, Hattiesburg, MS 39402 +1 (228) 385 - 5500
Trustmark 605 Main St, Greenville, MS 38701 +1 (662) 334 - 8470
Mariner Finance 211 S Archusa Ave, Quitman, MS 39355 +1 (601) 776 - 6951
Tower Loan 3046 MS-13 #2, Mendenhall, MS 39114 +1 (601) 847 - 3083
Always Money 19 Pass Rd, Gulfport, MS 39507 +1 (228) 864 - 3408

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Wayside, 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

Wayside, MS payday loan calculator

Payday Loans in Wayside, Mississippi: A Comprehensive Guide

When it comes to short-term financial solutions, payday loans are often a popular choice. In Wayside, Mississippi, payday loans are legal and readily available. However, before getting a payday loan, it is important to understand how they work and what the potential consequences may be.

What is a Payday Loan?

A payday loan is a type of short-term loan that is typically used to cover unexpected expenses or bills. These loans are usually for small amounts of money, and the borrower is expected to repay the loan when they receive their next paycheck.

Payday loans are often easy to obtain, as they typically require minimal paperwork and can be approved within minutes. However, they can also come with high interest rates and fees, which can lead to significant debt if not repaid on time.

How Do Payday Loans Work in Wayside, Mississippi?

In Wayside, Mississippi, payday loans are legal and are governed by state law. Borrowers can typically obtain loans of up to $500, although the exact amount may vary depending on the lender.

To obtain a payday loan in Wayside, Mississippi, borrowers must provide proof of income and identification. The lender will then provide the borrower with the loan amount, plus any fees and interest that may apply. The borrower is typically required to repay the loan in full by their next payday, which is usually within two weeks.

If the borrower is unable to repay the loan on time, they may be subject to additional fees and interest charges. In some cases, the lender may also report the delinquent loan to credit bureaus, which can negatively impact the borrower’s credit score.

What are the Potential Risks of Payday Loans?

While payday loans can be a useful tool for covering unexpected expenses, they also come with significant risks. The high interest rates and fees associated with these loans can make them difficult to repay, especially for borrowers who are already struggling with debt.

In addition, the short repayment terms for payday loans can make it difficult for borrowers to make ends meet in the following weeks. This can lead to a cycle of debt, where borrowers are continually taking out new loans to cover old ones.

It is important for borrowers to carefully consider the risks and benefits of payday loans before taking one out. In some cases, it may be more beneficial to explore other options, such as personal loans or credit cards.

Facts and Statistics: Payday Loans in Wayside, Mississippi

  • Payday loans are legal in Mississippi, although the state has implemented certain regulations to protect borrowers.
  • According to a report by the Pew Charitable Trusts, the average APR for payday loans in Mississippi is 652%, one of the highest rates in the country.
  • In 2019, the Mississippi legislature passed a law establishing a statewide database to track payday loans and prevent borrowers from taking out multiple loans at once.

Apply Now with TheGuaranteedLoans

If you are considering a payday loan in Wayside, Mississippi, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we are dedicated to ensuring that all borrowers are matched with reputable lenders who offer fair and transparent loan terms.

However, it is important to note that TheGuaranteedLoans is not a direct lender, and we do not make credit decisions. Instead, we work as a connector service to help borrowers find the best short-term loan options for their needs.

If you are in need of a payday loan in Wayside, Mississippi, apply now with TheGuaranteedLoans to get started.

F.A.Q.

Is it mandatory for payday lenders to provide information on alternative forms of credit in Wayside, Mississippi?

Yes, payday lenders in Wayside, Mississippi are required to provide information on alternative forms of credit to borrowers. This is to ensure that borrowers have access to other options for borrowing money, and to prevent them from taking out multiple payday loans.

Are there any protections for borrowers of payday loans in Wayside, Mississippi?

Yes, there are protections for borrowers of payday loans in Wayside, Mississippi. These include the requirement for lenders to disclose the terms and conditions of the loan, the prohibition on rollovers and renewals, and the maximum interest rate and fees that can be charged. Borrowers also have the right to dispute any incorrect information on their credit reports.