Payday Loans in Shuqualak, Mississippi

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

Company nameAddressZip codePhone number
Advance Money Payday 122 W Commerce St, Aberdeen, MS 39730 +1 (662) 369 - 7295
Cash In A Flash Check Advance 123 S Gloster St, Tupelo, MS 38801 +1 (662) 842 - 8777
First Heritage Credit 1024 US-51, McComb, MS 39648 +1 (601) 684 - 1000
First South Farm Credit 505 E 2nd St, Clarksdale, MS 38614 +1 (662) 624 - 5486
A-1 Title Cash Loans 5319 Interstate 55 North Frontage Rd Ste B, Jackson, MS 39206 +1 (601) 366 - 4377
Americash 1333 US-61, Tunica, MS 38676 +1 (662) 363 - 1083
RiverLand Federal Credit Union 7003 Bald Hill Rd, Port Gibson, MS 39150 +1 (601) 437 - 6472
BancorpSouth Branch 219 Main St, Nettleton, MS 38858 +1 (662) 963 - 2347
National Cash Advance 1565 Hwy. 1 South, Greenville, MS 38701 +1 (662) 378 - 8660
Turner's Title Loans 122 N Hayden St, Belzoni, MS 39038 +1 (662) 247 - 2999

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Shuqualak, MS, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hattiesburg, MS, No Credit Check Loans in Jackson, MS, Payday Loan Without a Credit Check in Meridian, MS, No Credit Check Loans in Olive Branch, MS, Payday Loans in Southaven, MS, Bad Credit Loans in Tupelo, MS, Payday Loan Companies in Biloxi, MS and Short-term Loans in Greenville, 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 Shuqualak, MS.

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

39361

Are Payday Loans Legal In Shuqualak, 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

Shuqualak, MS payday loan calculator

Payday Loans in Shuqualak, Mississippi

Are you experiencing a cash shortfall and need immediate financial help to meet your urgent needs? If you reside in Shuqualak, Mississippi, and are facing a financial emergency, you might be considering applying for a payday loan to help you address your financial needs.

In this comprehensive guide, we will provide you with all the essential information you need to know about payday loans in Shuqualak, Mississippi, including how they work, the requirements for approval, their advantages and disadvantages, and tips on how to use them wisely.

How Do Payday Loans Work in Shuqualak, Mississippi?

A payday loan is a type of short-term loan designed to help borrowers cover their expenses until their next payday. The amount borrowed is typically due on the borrower’s next payday, along with any fees and interest.

Payday loans are legal in Mississippi, and you can borrow up to $500 at a time, with a repayment period of up to 30 days. Lenders charge a fee of up to $21.95 per $100 borrowed. For example, if you borrow $100 for 14 days, the maximum fee you can be charged is $22.95, making the total amount due $122.95.

Requirements for Approval

To qualify for a payday loan in Shuqualak, Mississippi, you must meet the following requirements:

  • You must be at least 18 years old
  • You must be a resident of Mississippi
  • You must have a valid government-issued ID
  • You must have a verifiable source of income
  • You must have an active checking account

Advantages and Disadvantages of Payday Loans

Like any other form of credit, payday loans have their pros and cons. Here are the advantages of payday loans:

  • Easy and quick approval process
  • No credit check required
  • You can use the funds for any purpose
  • Available for people with bad credit

However, payday loans also have their disadvantages, which include:

  • They are expensive compared to other forms of credit
  • They can lead to a cycle of debt if not used wisely
  • They can damage your credit score if you default on the loan
  • They do not solve long-term financial problems

Tips for Using Payday Loans Wisely

If you decide to take out a payday loan, here are some tips to help you use them wisely:

  • Borrow only what you can afford to repay
  • Read and understand the terms and conditions of the loan agreement
  • Use the funds for their intended purpose only
  • Avoid taking out multiple loans simultaneously
  • Plan for the repayment to avoid defaulting on the loan

Interesting Statistics

Did you know that over 38% of Mississippi residents live in poverty, making it the second-poorest state in the United States? Additionally, Mississippi has the highest payday loan usage rate in the country, with over 2.5 million payday loans taken out annually.

Apply Now

Are you experiencing a financial emergency and need urgent help? TheGuaranteedLoans can help connect you with potential lenders who can provide you with the cash you need to address your financial needs. As a connector service, TheGuaranteedLoans does not make credit decisions or originate loans. Instead, we connect borrowers with lenders who can meet their needs. Visit our website today to fill out an online application and get started.

Remember, payday loans can be a useful tool for meeting short-term financial needs, but they should be used wisely and with caution. Always read and understand the loan agreement’s terms and conditions before signing up, and plan for the repayment to avoid defaulting on the loan.

F.A.Q.

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

To qualify for a payday loan in Shuqualak, 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 Shuqualak, Mississippi?

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