The state of Mississippi is right in the middle when it comes to payday loans. The laws and regulations aren’t terribly strict but do provide some protection for consumers. The maximum amount you can borrow in Mississippi is $400 and you have between your next payday and one month to pay it back in full. This state doesn’t allow extensions such as rollovers so you’ll need to make sure you pay back your loan on time or at least contact the lender immediately if you think you might not be able to.
Mississippi Pay Day Loan Laws
Maximum Loan Amount: $400
Maximum Finance Rate: 18% of total loan amount
Annual Percentage Rate For 14 Day $100 Loan: 572%
Minimum Payoff Time: 1-30 days
Extensions Allowed: None
Top 5 Mississippi Payday Loan Companies
214 North 16th Avenue
Laurel, MS
(601) 428-4540
speedycash.com
Speedy Cash has quite a few offices in Mississippi so if you live in a medium to large city you can probably find an office near you. If you’re unsure where one is, you can always visit their website and use their store locator to find one. This company offers short-term loans of up to $400 including their own fees and will typically allow you to repay it within 30 days. You may not qualify for a loan with them if you have recently switched employers or have had a history of bad checks.
2425 Highway 80 W
Jackson, MS
(601) 353-5412
Thrifty Check Advance is a check-cashing and payday loan office with locations throughout Mississippi. This company doesn’t have a functional website at this time so you’ll have to visit them in person or call them to learn more about their services, rates and fees. They follow all the laws put into place for the state of Mississippi and have good third-party reviews around the Internet which is a good sign.
4511 Terry Rd # B
Jackson, MS
(601) 373-8500
a1checkcashing.com
A1 Check Cashing is a small, locally owned company based in Jackson, Mississippi. This company works with people on an individual basis to provide them with the funds they need immediately. You will need to leave a check with them that’s post-dated for two weeks on average. This company only offers payday loans to those they know can repay them on time and once you do that more than once, you may be able to borrow more.
4239 N State St Suite D
Jackson, MS
(601) 987-9985
moneymancc.com
Money Man Check Cashing offers all your standard personal finance services in a one-stop shop experience. You can cash checks, send and receive money via Western Union, make electronic bill payments and get short-term payday loans. The official website has a lot of information regarding how they work and the various other services they offer and also allows you to download and print out their payday loan application. This lets you save time by filling it out at home.
910 Sawmill Rd # 224
Laurel, MS
(601) 428-8984
moneynow.net
Money Now is a very specialized company that focuses on just three areas. These are cash advances, title loans and check cashing. This is a relatively new company with offices in Mississippi, Alabama, Kentucky and Tennessee. You will need to visit a local office to take advantage of their services and the official website features a store locator to find the one nearest you. This company encourages you to call them if you have any questions or concerns.