Payday Loans in Clinton, Mississippi

Events happen, and we often find ourselves in a situation where we must pay for some surprise expenses. Consider applying for a cash advance loan in Clinton, MS, to see if you are eligible.

The loan request process is quick and painless. To be qualified, borrowers must satisfy a few simple criteria.

What is a Cash Advance Loan? What Can It Be Used For?

A paycheck advance loan is where the borrower will receive a small sum of cash on a short-term basis. This is deemed to be an unsecured personal loan due to the fact that no collateral is needed.

When unforeseen expenses present themselves, such as past due rent or utility bills, vehicle fixes, medical or vet expenditures, and so on, people usually turn to paycheck advance loans.

Payday Advance Loan Requirements In Clinton, MS

In Clinton, MS, payday loan borrowers must satisfy several requirements to be eligible for a loan.

The borrower has to:

• Show proof that they are a resident of Clinton, Mississippi
• Must be 18 years old
• Have a steady income that they can provide proof of being at least $1,000/month
• Provide current contact information such as cell phone number and email address
• Provide their SSN

If a borrower does not abide by the above rules, they will automatically be denied a payday advance loan. Ensure that you can provide the documents needed when applying for a loan.

Laws and Regulations Regarding Cash Advance Loans in Clinton, Mississippi

The State of Mississippi has deemed payday lending legal. Although, they have enacted the below rules and laws for the cash advance lending market:

• A single money lender cannot offer a loan greater than $600. Borrowers may not possess greater than two unpaid loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In Mississippi, borrowers cannot rollover their loans.
• The fees and charges are different for each lender. The service costs enacted by lenders on a loan are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
• An interest rate is required to be mutually decided upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Clinton, MS, Perform Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we have a relationship with will complete a credit check on you, but, even if you have no credit or dismal credit, you might still be approved for a loan provided you can prove that you can repay the loan. Lenders are commonly unbothered by your credit if you offer proof of income and a plan to repay the loan.

Lenders will use a soft credit pull, which will have no impact on your credit score. This is simply to get a look at your credit history and basic information.

A hard credit inquiry, on the other hand, requires your permission. These credit inquiries are done for a variety of purposes, including mortgages, credit cards, and more.

You might still be approved for a cash advance loan with bad credit in Clinton, Mississippi, provided that you have proof of repayment.

So, when you apply, whether it is in person or online, make sure that you have your income information available and any other documents showing that you can repay the loan. The more evidence you provide, the better chance you are to be approved.

When Will I See My Loan in Clinton, Mississippi?

When you get your loan actually relies on your lender as some lenders advertise same-day payday advance loans, which means you will receive your payday loan on the same day you apply, as long as you get an approval.

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not receive your loan until Monday.

If you're searching for a same-day cash advance loan in Clinton, Mississippi, you will need to ensure you're applying by 10:30 am. All same-day funds going out that day will be approved by that time. However, you should submit an application earlier than that if able, as it will increase the likelihood that you get your cash on the same day that you submit your application.

One additional consideration that you should understand is despite if the lender approves your application and posts the credit to your bank, sometimes the bank won't release that loan at that time. It's paramount that you let your bank know that you plan to receive a paycheck advance loan, so they might make an exception in releasing the loan earlier.

Overall, it's wise to prepare ahead of time to get your funds on the next business day. That way, you're not surprised if you cannot receive it on the same day.

Consider Working With Us

If you possess less than great credit or no credit and are looking to secure a paycheck advance loan, think about applying with us, as you probably have a better chance of approval.

We work with over one hundred different lenders who offer their services online. Often you will see your loan on the following business day so make sure that you plan appropriately.

However, you can always locate the nearest payday loan store to you and apply in person to boost the chances of getting your loan on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may ask for proof of address, so take along a utility bill to the store too.

To find the nearest payday advance loan store, please navigate to the list below and find your city.

Payday Loan Direct Lender Companies in Clinton, MS

Below you will find a list of payday loan companies offering their services in Clinton, Mississippi. If you can't find a lender near your location in Clinton, consider applying in a nearby city in Mississippi. Alternatively, you can apply online on our website and get a decision almost instantly.