Payday Loans in Hattiesburg, Mississippi

Life happens, and we often find ourselves in a spot where we have to cover some unexpected expenses. Think about applying for a payday advance loan in Hattiesburg, Mississippi, to see if you meet the requirements.

The loan process is swift and simple. To be qualified, borrowers have to satisfy a few straightforward requirements.

What is a Payday Loan? What Can It Cover?

A cash advance loan is where the borrower will get a petite sum of money on a short-term contract. This is considered an unsecured personal loan as no collateral is required.

When surprise financial needs arise, such as missed rent or utility fees, car costs, health or vet expenditures, and so forth, people often rely upon payday loans.

Payday Loan Stipulations In Hattiesburg, MS

In Hattiesburg, MS, cash advance loan borrowers must satisfy several requirements to qualify for a loan.

The borrower is required to:

• Show proof that they reside in Hattiesburg, Mississippi
• Must be 18 years of age
• Have a steady stream of income that they can provide proof of being at least $1,000/month
• Provide up-to-date contact details such as cell phone number and email address
• Provide their social security number

If a borrower does not abide by the above requirements, they will automatically be denied a payday loan. Make sure you possess the documentation needed when requesting a loan.

Laws and Rules Concerning Payday Loans in Hattiesburg, MS

Mississippi has ruled payday lending legal. Still, they have set the below rules and laws for the payday advance lending industry:

• An individual money lender can't offer a loan for more than $600. Borrowers may not take out 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 are unable to rollover their loans.
• The fees and charges change for each loan lender. The service costs charged by lenders on a loan are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate is required to be mutually decided upon. APR can be as high as 369%.

Will Payday Advance Lenders in Hattiesburg, MS, Run Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we partner with will run a credit check on you, but, even if you possess no credit or bad credit, you may still be approved for a loan provided you can prove that you can pay back the loan. Lenders are generally unconcerned about your credit history if you possess proof of income and a strategy to repay the loan.

Lenders will perform a soft credit check, which will not impact your credit score. This is solely to get a look at your credit history and general information.

A hard credit check, alternatively, needs your explicit consent. These credit inquiries are utilized for a plethora of purposes, including mortgages, credit card applications, and more.

You can still qualify for a payday loan with bad credit in Hattiesburg, Mississippi, if you have proof of repayment.

So, when you request a loan, whether it is in person or online, double check that you have your income information available and any other documents verifying that you can repay the loan. The more proof you provide, the more likely you are to be approved.

When Will I See My Funds in Hattiesburg, MS?

When you see your money really depends on the lender as some lenders provide same-day payday advance loans, which means you will receive your paycheck advance loan on the same day you submit your application, as long as you receive an approval.

Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you apply on a Friday, you might not see your funds until Monday.

If you're wanting a same-day paycheck advance loan in Hattiesburg, Mississippi, you will need to be sure that you're applying by 10:30 am. All same-day loans going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will increase the likelihood that you receive your funds on the same day that you apply.

One more consideration that you should be aware of is despite if the money lender grants your loan request and posts the loan to your checking account, sometimes the bank won't release that credit right away. It's important to let your bank know that you plan to get a cash advance loan, so they could possibly make an exception in releasing the loan earlier.

On the whole, it's best to prepare in advance to get money on the following business day. That way, you're not out of luck if you cannot get it on the same day.

Consider Borrowing From Us

If you possess underwhelming credit or no credit and are wanting to get a paycheck advance loan, think about applying through us, as you frequently have a higher chance of approval.

We partner with hundreds of different lenders who provide their services online. Frequently you will see your money on the following business day so ensure that you plan appropriately.

Although, you can always locate the nearest payday advance loan store to you and apply in person to strengthen the chances of receiving your money on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store too.

To locate the nearest paycheck advance loan storefront, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Hattiesburg, MS

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