Payday Loans in West Point, Mississippi

Events happen, and we often end up in a situation where we must pay for some unexpected costs. Consider applying for a cash advance loan in West Point, Mississippi, to see if you qualify.

The loan process is swift and straightforward. To qualify, borrowers must satisfy a few simple requirements.

What is a Cash Advance Loan? What Can It Be Put Towards?

A payday loan is where the borrower will be extended a petite amount of cash on a short-term contract. This is thought of as an unsecured personal loan due to the fact that no collateral is expected.

When unexpected expenses come up, for example missed rent or utility payments, auto costs, health or vet fees, and so forth, individuals usually rely upon payday loans.

Payday Loan Criteria In West Point, MS

In West Point, Mississippi, cash advance loan borrowers need to satisfy a few requirements to qualify for a loan.

The borrower is required to:

• Show proof that they live in West Point, Mississippi
• Must be at least 18
• Receive an income that they can provide proof of being at least $1,000 per month
• Provide current contact details such as cell phone number and email address
• Provide their SSN

If a borrower does not satisfy the above requirements, they will immediately be denied a paycheck advance loan. Make sure you have the documents required when submitting your application.

Laws and Rules Concerning Payday Advance Loans in West Point, Mississippi

The State of Mississippi has deemed cash advance lending legal. However, they have enacted the below rules and laws for the paycheck advance lending industry:

• A single money lender cannot offer a loan in excess of $600. Borrowers cannot have more than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In Mississippi, borrowers may not rollover their loans.
• The fees and charges are different for each lender. The service costs charged by the lender on each loan or transaction are not considered interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate must be mutually settled upon. APR can be as much as 369%.

Will Paycheck Advance Lenders in West Point, MS, Run Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we have a relationship with will run a credit check on you, still, even if you have no credit or bad credit, you might still be eligible for a loan as long as you can show that you can pay back the loan. Lenders are generally unconcerned about your credit if you provide proof of income and a strategy to repay the loan.

Lenders will perform a soft credit pull, which will not impact your credit score. This is simply to get a look at your credit history and basic information.

A hard credit pull, alternatively, requires your explicit consent. These credit inquiries are used for a plethora of purposes, such as mortgages, credit cards, and more.

You can still qualify for a payday loan with poor credit in West Point, MS, provided that you can prove you will repay the loan.

So, when you apply for a loan, albeit in person or online, make sure that you have your income information easily accessible and any other documents proving that you can pay back the loan. The more evidence you show, the more likely your loan request will be granted.

When Will I Get My Money in West Point, Mississippi?

When you receive your cash truly relies on your lender as some lenders provide same-day cash advance loans, which means you will receive your payday loan on the same day you request a loan, as long as you're approved.

Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. So, if you apply on a Friday, you may not get your deposit until Monday.

If you're searching for a same-day payday loan in West Point, Mississippi, you will need to ensure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will increase the likelihood that you receive your loan on the day that you submit your application.

One additional factor that you should understand is despite if the money lender approves your application and posts the credit to your checking account, sometimes the bank won't release that deposit immediately. It's vital 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.

On the whole, it's wise to prepare ahead of time to get your deposit on the following business day. That way, you're not left in the lurch if you cannot get it on the same day.

Think About Working With PaydayLoanRadar

If you have underwhelming credit or no credit and are looking to get a cash advance loan, consider applying with us, as you probably have a better chance of approval.

We work with over one hundred different lenders who provide their services online. Much of the time you will receive your deposit on the next business day so ensure that you plan appropriately.

However, you can always find the nearest paycheck advance loan store to you and apply in person to boost the chances of receiving your cash on the same business day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport is sufficient. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.

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

Payday Loan Direct Lender Companies in West Point, MS

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