Payday Loans in Corinth, Mississippi

Things happen, and we often find ourselves in a situation where we must cover some surprise bills. Think about applying for a payday loan in Corinth, MS, to see if you are eligible.

The loan process is fast and effortless. To be qualified, you have to satisfy a couple of general requirements.

What is a Paycheck 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 considered an unsecured personal loan as no collateral is expected.

When unforeseen bills present themselves, for example late rent or utility payments, vehicle fixes, health or vet costs, and so on, people commonly turn to payday loans.

Payday Loan Requirements In Corinth, Mississippi

In Corinth, MS, cash advance loan borrowers need to meet a few requirements to qualify for a loan.

The borrower must:

• Provide proof that they live in Corinth, MS
• Must be 18 years old
• Have an income that they can prove that's at least $1,000 per month
• Give active contact information including phone number and email address
• Give their social security number

If a borrower does not meet the above rules, they will automatically be denied a payday loan. Make sure you can provide the documents needed when applying for a loan.

Laws and Regulations Concerning Paycheck Advance Loans in Corinth, Mississippi

The State of Mississippi has ruled cash advance lending legal. Still, they have put forth the following rules and regulations for the cash advance lending market:

• An individual lender can't extend a loan for more than $600. Borrowers may not take out greater than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In the State of Mississippi, borrowers are unable to rollover their loans.
• The fees and charges vary for each lender. The service fees charged by the lender on each loan or transaction do not fall under interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
• An interest rate is required to be mutually agreed upon. APR can range up to 369%.

Will Cash Advance Lenders in Corinth, Mississippi, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we have a relationship with will complete a credit check on you, still, even if you possess no credit or bad credit, you may still be approved for a loan as long as you can show that you are able to pay back the loan. Lenders are generally unbothered by your credit if you have proof of income and a strategy to repay the loan.

Lenders will use a soft credit pull, which will have no impact on your credit score. This is only to get an idea of your credit history and general information.

A hard credit inquiry, on the other hand, requires your explicit consent. These credit inquiries are utilized for a variety of purposes, such as mortgages, credit card applications, and more.

You can still qualify for a payday loan with poor credit in Corinth, Mississippi, as long as you can prove you will repay the loan.

Therefore, when you apply, whether it is in person or online, ensure that you have your income information ready and any other documents verifying that you can repay the loan. The more proof you possess, the better chance your loan application will be approved.

When Will I Get My Cash in Corinth, MS?

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

Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Therefore, if you apply on a Friday, you might not receive your cash until Monday.

If you're wanting a same-day paycheck advance loan in Corinth, Mississippi, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will boost the likelihood that you receive your loan on the same day that you submit your application.

One other consideration that you should understand is even if the money lender approves your application and posts the loan to your bank account, sometimes the bank won't release that deposit at that time. It's paramount that you let your bank know that you plan to get a payday loan, so they might make an exception in releasing the money earlier.

On the whole, it's best to prepare ahead of time to get cash on the following business day. That way, you're not surprised if you cannot get it on the same day.

Think About Borrowing From Us

If you possess poor credit or no credit and are searching to secure a payday loan, think about applying through us, as you usually have a better chance of approval.

We work with more than one hundred different lenders who provide their services online. Much of the time you will see your money on the next business day so make sure that you plan appropriately.

Although, you can always locate the closest payday advance loan storefront to you and apply in person to increase the chances of receiving your funds on the same business day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may ask for proof of address, so take along a utility bill to the store as well.

To locate the nearest payday loan storefront, please refer to the list below and search for your city.

Payday Loan Direct Lender Companies in Corinth, MS

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