Payday Loans Mississippi Online No Credit Check (MS) | PaydayNV
Are you facing an unfortunate event? Or some unexpected expenses? No problem.
Payday loans are here for you. These loans are best fit for emergencies, unexpected expenses and any type of short-term problems you may face. They provide you with the amount of money you need in a short time, after a simple application procedure.
Of course, they do come with high interest rates, and higher fees than your usual loan, but having money, and having it fast comes with some risks. However, you should be aware of the dangers that may result from these risks.
Furthermore, if you are living in Mississippi, there are some things that are different from other US states when it comes to payday loans.
So, for you to be well informed and prepared for a payday loan, we will present you the most important details you have to take into account before applying to payday loans in Mississippi.
In terms of numbers, the maximum amount you can borrow in Mississippi is of $500, a sum that includes all of the charges and fees you have to pay. The loan term, when borrowing $250 or less, is 30 days. Instead, when borrowing between $250 and $500, the loan term is 28 to 30 days.
The annual percentage rate (APR) on Mississippi payday loans is of 520% for a 14-day loan of $100.
Now, let’s move on to the financing fees you will have to pay in order to successfully borrow your money. If you get a sum of under $250, you will be charged $20 per $100. For sums between $250 and $500, you will be charged $21.95 per $100.
In the case of NSF (non-sufficient funds), you will be charged $30 – this happens when the lender will try to withdraw the amount you owe from your bank account, but there won’t be any balance available.
Also, in the state of Mississippi, payday lenders are able to provide you with check cashing services.
When cashing a check via a payday lender, you will also have to pay a fee. For example, for checks that are issued by the federal state or government, the payday lender will be entitled to either $5 or 3% of the check value. For personal checks, the lender will have a fee of $5 or 10% of the check value. For money orders, $5 or 5% of the check value. In all of these cases, the greater amount is chosen.
With this being said, now you know the basics about online payday loans in Mississippi. As always, you have to remember that these types of loans have a high interest rate, so you should calculate the risks and be ready for the total cost of the loan.
Payday loans online are a great solution to short-term problems – better, they are probably the solution you should consider only when facing short-term problems. Meanithis means that you have to be sure you can pay off the loan entirely by its due date and avoid getting yourself into debt.