Payday Loans in Sallis, Mississippi

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

Company nameAddressZip codePhone number
Approved Cash 803 Memorial Blvd B, Picayune, MS 39466 +1 (601) 798 - 9026
Check Into Cash 905 West Beacon Street, Philadelphia, MS 39350 +1 (601) 389 - 9946
Small Loans Inc 310 E Waldron St, Corinth, MS 38834 +1 (662) 287 - 9600
First Heritage Credit 8995 US-51, Southaven, MS 38671 +1 (662) 393 - 4405
Quick Way of Ripley 1411 City Ave N, Ripley, MS 38663 +1 (662) 837 - 2999
Speedee Cash 421 N 2nd St, Booneville, MS 38829 +1 (662) 720 - 1216
Cash In A Flash 105 Alabama St # A, Columbus, MS 39702
Trustmark 3311 Terry Rd, Jackson, MS 39212 +1 (601) 354 - 5033
Deweese Payroll Advance 404 US-45 ALT, West Point, MS 39773 +1 (662) 494 - 9772
Money Now 3430 Main St, Moss Point, MS 39563 +1 (228) 474 - 7000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sallis, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Tupelo, MS, Payday Loans in Biloxi, MS, No Credit Check Loans in Greenville, MS, Emergency Loan in Gulfport, MS, 24-Hour Loan in Hattiesburg, MS, Payday Loans in Jackson, MS, Quick Loan in Meridian, MS and Guaranteed Loans in Olive Branch, 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 Sallis, MS.

Beautiful sights of Sallis, MS

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

39160

Are Payday Loans Legal In Sallis, 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

Sallis, MS payday loan calculator

The Ins and Outs of Payday Loans in Sallis, Mississippi

Need fast cash to cover an unexpected expense or make ends meet before your next paycheck? Consider a payday loan. A payday loan is a short-term borrowing option that can provide quick cash when you need it.

Payday loans are legal in Mississippi, including in the small town of Sallis. But before you apply, it’s important to understand how these loans work and what to look for in a lender. In this article, we’ll provide a comprehensive overview of payday loans in Sallis and what you should know before you borrow.

How Do Payday Loans Work?

Payday loans are small loans typically with a term of two weeks or less, and repayment is due on your next payday. The amount you can borrow typically ranges from $100 to $500, although some payday loans may go up to $1,000 or more.

To qualify for a payday loan, you typically need a steady source of income and a checking account. The lender will ask for proof of income, such as a pay stub or bank statement, and will also require access to your checking account so they can deposit the loan and withdraw the repayment amount.

Interest rates for payday loans in Sallis can vary widely, but Mississippi law caps the interest rate at 521% APR for a 14-day loan. That means if you borrow $100 for two weeks, you could owe up to $137.50 in interest and fees.

What Are the Risks of Payday Loans?

While payday loans offer quick cash when you need it, they also come with significant risks. The high interest rates and fees can make it difficult to repay the loan, and if you can’t pay on time, you may be charged additional fees and interest.

In addition, payday loans can trap borrowers in a cycle of debt. If you can’t repay the loan on your next payday, you may be tempted to take out another loan to cover the first one, leading to even more debt and potentially leading to financial hardship.

It’s important to carefully consider whether a payday loan is the right option for your financial situation and to choose a reputable lender that follows all state and federal regulations.

How to Choose a Payday Loan Lender in Sallis, Mississippi

When choosing a payday loan lender in Sallis, it’s important to do your research and choose a reputable lender that follows all state and federal regulations. Here are some key factors to consider:

  • Licensing: Check that the lender is licensed to operate in Mississippi. You can verify a lender’s license with the Mississippi Department of Banking and Consumer Finance.
  • Terms and fees: Review the lender’s terms and fees carefully to ensure you understand the total cost of the loan and when it’s due. Look for a lender with reasonable fees and interest rates.
  • Customer reviews: Check online reviews from previous customers to get an idea of the lender’s reputation and customer service.
  • Transparency: Choose a lender that is transparent about their fees and terms and provides clear information about the loan process.

Interesting Facts and Statistics about Payday Loans in Sallis, Mississippi

  • Payday loans in Mississippi: There are over 1,000 payday loan locations in Mississippi, with an average of 22 loans per borrower per year.
  • Default rates: Mississippi has one of the highest default rates on payday loans in the country, with a default rate of 27.5%.
  • Payday loans and poverty: Payday lenders tend to locate in areas with higher rates of poverty and unemployment, making these communities particularly vulnerable to high-interest loans.

Apply Now with TheGuaranteedLoans!

If you’re considering a payday loan in Sallis, Mississippi, TheGuaranteedLoans can help. We are a loan connector service that works with a network of reputable lenders to help you find the right loan for your needs.

To get started, fill out our secure online application, and we’ll match you with potential lenders based on your needs and qualifications. There’s no obligation to accept any loan offers, and the application process is completely free.

Remember, a payday loan can be a helpful tool to get you through a financial pinch, but it’s important to choose a reputable lender and borrow only what you can afford to repay. With TheGuaranteedLoans, you can find a lender you can trust. Apply now!

F.A.Q.

How long do I have to pay back a payday loan in Sallis, Mississippi?

Payday loans are typically due on your next payday, which is usually within two to four weeks.

Are there any fees or penalties for late payments on a payday loan in Sallis, Mississippi?

Yes, it is important to pay back your payday loan on time to avoid late fees and potential damage to your credit score. Late payments may also result in additional interest and fees.