Payday Advance Mississippi
Are you a Mississippi resident struggling with financial problems? Do you have pressing cash requirements, but are short on available cash? Does it seem like payday is an eternity away and you need cash now? The solution to your predicament may lie in Mississippi payday advance loan.
Mississippi payday cash advances can help you overcome your financial emergencies and bridge the gap between such situations and that looming next paycheck. The quick cash that Mississippi payday loans provide has helped countless individuals and families meet financial obligations or supply the extra cash needed to make it through tough financial times.
Mississippi Payday Loans Help to Handle Emergencies
Payday loans are excellent choices for meeting financial emergencies and other unexpected cash demands. People from all over Mississippi have used such cash advances to meet rent or bill deadlines, repair malfunctioning home systems, pay for medical emergencies or required medications, have vehicles fixed, take vacations, and more.
Mississippi payday advances are great financial options because you get the needed cash quickly, can use it however you want, and then pay it back using your next paycheck when you have the available funds. Also, because no credit checks are required, almost anyone over the age of 18 can get a Mississippi payday loan, regardless whether they have good credit, bad credit, or no credit at all.
Process for Acquiring Mississippi Payday Advances
If you are seeking rapid cash advancements, then Mississippi payday loans give you the cash you seek quickly and easily. You are only required to complete a simple form that supplies the lender with basic information. The lender will also ask you to verify your personal information through a form of accepted ID, as well as your source of income, which can be paycheck stubs from an employer or bank statements showing direct deposits from your job or from some other regular government program such as Social Security, disability, etc.
You then submit your Mississippi payday loan application with all other requirements for approval. Loans are processed rapidly and are normally approved in less than 24 hours. The requested money is then deposited into your bank account, which is also supplied at the time of application. Repayment of the loan amount plus any interest and fees is made on the date you specified on your loan application. Some payday lenders require that you provide a post-dated personal check that they can use to cash upon the due date.
Guidelines for Mississippi Payday Cash Advances
You can obtain payday loans through an approved Mississippi state lender or from an online payday loan lender provided they also meet Mississippi legal guidelines. Online lenders offer a more convenient way of obtaining payday loans from your home without having to visit physical lender locations.
Mississippi allows payday advances up to a maximum of $500. The state also requires that any received short-term payday loan be repaid within 30 days from the time the loan is approved and distributed. Fees and finance charges are set at a maximum of $20 per every $100 borrowed up to $250, and an amount of $21.95 for every $100 borrowed from $250 and up to the maximum loan amount of $500. The finance charge on a 14-day $100 loan is $20, which equals an APR of 520%.
There are no specified numbers of payday advance Mississippi loans a resident can obtain under state law. However, no loan extensions, known as rollovers, are allowed. Therefore, any Mississippi payday advances you receive must be repaid by the 30-day limit. For accounts found to have non-sufficient funds, an NSF fee can be charged and any court-awarded fees can also be applied if disclosed.
Information and Complaints for Mississippi Payday Loans
If you require further information, or have a complaint, associated with payday loans in Mississippi, you should contact the following department.
Mississippi Department of Banking and Consumer Finance
501 North West Street
901 Woolfolk Building, Suite A
P.O. Box 23729
Jackson, MS 39225-3729