When you receive a check advance in Mississippi from a loan company, it is important to remember that your loan must be paid back in full on the maturity date specified in your loan agreement. Besides the initial loan amount, you will also need to pay any loan rates and fees associated with your advance. These amounts will depend on your moneylender, but, according to state law, cannot exceed $20 per each $100 borrowed if you apply for less than $250 loan, and 21.95 per each $100 borrowed for the amount from $250 to $500.
Additionally, according to Mississippi lending law, your check advance loan term cannot exceed 30 days. Typically, a customer must pay off their short-term loan by the next payday. There are no additional actions you should take to make it happen as your moneylender will typically have access to your bank account and will be able to automatically withdraw a loan cost on the due date. That means all you have to do is make sure there is enough money in your account on that date to pay off the whole loan cost.
Check Advance Mississippi
If you find that it is becoming a challenge for you to make your payment on time, you can contact the lender and discuss starting a rollover. In case of a rollover, your loan conditions may differ from the initial ones. That means it is always a smart idea to only apply for a check advance if you know you are able to pay it off in the agreed-upon timeframe.
Many people struggling with debt might find themselves desperately looking for quick cash solutions to help them out of their challenging financial situation. Some might consider a check advance in Mississippi as a solution. But what if you already took out one payday loan and found yourself needing another one?
Well, it is important to know that you can usually get another payday loan if you need one. However, it will likely be from a different lender, and there is a good chance that the terms will not be as good as your original loan. It is also essential to understand that while the law might allow you to take out a second payday loan, lenders can still choose not to approve you if they do not think you are going to be able to pay it back successfully.
The more payday loans you have, the less likely you are to be approved for the next one. That means if you have two loans, you are likely not to be able to get a third. Been approved for four loans? That fifth one might be much harder to get. While this might be a bit frustrating if you are in need of a quick cash advance, it is crucial to understand that in many situations, this is to help prevent you from getting into deeper financial trouble. Payday loans have high-interest rates, and other cash advance alternatives might fit your unique situation better if you find yourself needing to borrow more money.
Christmas shopping can’t always wait until you’ve got a healthy nest egg set aside before its time to start making those holiday purchases. With Christmas just ten weeks away, it’s a smart idea to start planning now, especially if you’re currently living paycheck to paycheck. Get the extra money you need and make the holidays less stressful on your budget with short-term financial solutions from Speedee Cash.
We’ll work together to ensure that the holidays are special for everyone on your shopping list. When you need money, fast and easy, we are here to provide you with a check advance in Mississippi or an installment loan.
Getting an installment loan for your holiday shopping has many benefits. With an installment loan, you’ll receive a monthly payment plan that is affordable. Without all the stress and worry if you’ll be able to provide a wonderful Christmas for your family, you can borrow the money now and make minimal payments each month until your loan is paid off.
Installment loans are also safer than using a credit card, which makes it easy to overspend. You’ll know exactly how much you have to spend and you can never spend more than you received. Also, you’ll be able to shop with confidence knowing that you can afford the monthly payments afterward. Consider your financial situation leading up to the holidays and stop into a Speedee Cash location to learn more