Mississippi Payday Loan
If you live in Mississippi, you will be glad to hear that payday loans are legal and that with such a bustling industry in our state, you can find a payday store pretty easily. Just look in the closest mini-mall and you will be sure to discover a lender willing to do business with you. Although for the sake of convenience, it’s a lot easier for you to shop online for your payday loan.
The state motto of Mississippi, also known as the “The Magnolia State”, is: “By Valor and Arms.” If only valor and arms were enough when it comes to meeting an emergency financial situation. With so many lenders to choose from, the decision of which one will best suit your personal situation may seem overwhelming. That’s how SameDayPayday can help. Browse lender profiles of leading cash advance companies, read/write reviews, and more. Use our city links below to find a list of payday stores.
When faced with a need for quick cash between paychecks, Mississippi residents need only to click on SameDayPayday from the comfort and convenience of their home computer and apply for a loan. It’s fast, easy, and confidential. Simply fill out the application and within minutes you can be approved. Direct deposit transfer typically takes about one business day.
Payday Loan Lending Laws in Mississippi
In Mississippi, payday loans are legal. Lenders cannot charge fees more than 22% APR, or $22 for each $100 borrowed. Per state law, rollovers are not permitted and the maximum loan amount is $500 which includes fees and/or finance charges.
As of 2011, there were 938 payday loan operations in Mississippi. Factor industry growth and that number is higher today. The internet has increased the number of providers incredibly. In an internet search early 2017, “payday loans Mississippi” turned up 506,000 hits!
Mississippi Payday Loan - Cities