Mississippi Payday Loans
- Borrow up to $500 fast
- From a trusted direct lender
- Online & in-store application
- Instant approval
- Same-day funding
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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Need extra funds for your urgent financial situation? 1F Cash Advance is proud to offer a convenient way to meet your emergency needs. From Jackson to Meridian, our payday loans in Mississippi feature a simple online application, secure processing, and instant approval decisions. You can get the money you need the same day, hassle-free. Apply online or visit one of our Mississippi stores to get cash in minutes.
How Payday Loans Work in Mississippi
Payday loans come in the form of a lump sum that you need to repay in full once you receive your next paycheck. In Mississippi, the maximum payday loan amount is $500, including fees. The repayment period can be up to 30 days.
Rates and Terms
Mississippi law caps a maximum lender’s fee at $20 per $100 for loans of up to $250 and $21.95 for each $100 of loans with face check amounts of $251 to $500. A one-time fee of $30 may be charged for a returned check or insufficient funds. No rollovers or renewals are allowed in the state.
Here are example costs for a 14-day payday loan:
| Loan Amount | Finance Charge | Total Cost | APR |
|---|---|---|---|
| $100 | $20 | $120 | 521.43% |
| $200 | $40 | $240 | 521.43% |
| $300 | $65.85 | $365.85 | 572.27% |
| $410 | $90 | $500 | 572.30% |
How Our Loan Process Works
1F Cash Advance helps you get the money in 3 simple steps:
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Request a loan. Fill out an online form on the website, visit our store, or call (601) 756-2355 to get started.
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Get an approval decision. Your application data will be quickly verified for eligibility, and you may receive an instant response.
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Receive the money. If approved, sign the loan agreement and receive the funds on the same* or the next business day.
*Not all applicants are eligible for same-day deposits. Loans originated after 10:30 am CT or on weekends will be funded on the next banking day.
What Do I Need to Apply?
We only ask for your basic information:
- Valid government-issued ID
- Social Security number
- Active bank account and routing numbers
- Proof of income
- Proof of Mississippi address
- Valid email and phone number
Can I Get a Payday Loan with Bad Credit?
1F Cash Advance has no minimum credit score requirements you need to meet to qualify. We offer bad credit loans in Mississippi based on a borrower’s income, employment status, debts, and payment history.
Find 1F Cash Advance in Mississippi
If you find yourself in a difficult financial spot and need personalized support, visit one of our stores for a quick fix.
Not in Mississippi? Visit our location page and find a 1F Cash Advance store near you.
Alternatives to Payday Loans
Whether you’re looking for a longer-term solution or need a more budget-friendly product, there are a few payday loan alternatives to consider.
Installment Loans
Installment loans from 1F Cash Advance offer a fast way to borrow up to $5,000 for a maximum period of 24 months. This flexibility makes them suitable for large expenses, high bills, debt consolidation, and ongoing needs. Our online installment loans in Mississippi require no credit check via major credit bureaus, making it easier for borrowers with poor credit to qualify.
Personal Loans
A personal loan may be a smart option for people with good to fair credit looking for a long-term solution or significant financing. With their help, you can borrow up to $50,000 for a maximum period of 84 months. Interest rates are fixed and start at 5.99%. The approval process involves a hard credit check, and good credit is needed to get favorable loan terms.
Credit Union Loans
Credit unions sometimes offer payday alternative loans of up to $1,000 with interest rates capped at 28%. Longer repayment terms of up to 6 months make them easier to manage. To qualify, you need to be a CU member. Bad credit applicants can qualify, but a hard credit check is required.
Credit Card Cash Advances
Cash advances are small loans you withdraw from your available credit card balance within a set limit. They don’t require you to apply and undergo verification as long as you already have a card. While this is convenient and fast, note that a cash advance APR accrues immediately and is higher than that on regular purchases.
Why Choose 1F Cash Advance
1F Cash Advance is here for your community. See what makes us different.
Simple & Secure Process
We offer easy approval for our payday and installment loans in Mississippi. Just fill out a quick form in 5 minutes, and let us do the rest. Our encryption protocols keep your data safe.
Quick Approval & Funding
We don’t perform hard credit checks, so you will receive a loan decision in minutes and get the approved amount as soon as the same or the next business day.
Professional Customer Support
Our knowledgeable team is always here to help you with any questions. Just call (601) 756-2355 and let our representatives guide you through each step of the process.
FAQ
Are payday loans legal in Mississippi?
Yes, payday loans in Mississippi are legal. However, state laws limit the maximum amount you can borrow and cap the fee lenders can charge.
How much can I borrow?
The maximum amount of a check you can write in Mississippi, including fees, is $500. This means that you can have up to $410 on hand.
What is the minimum age to apply for a loan?
Under Mississippi Code Title 1, S1-3-27, you must be at least 21 to qualify for a loan in the state.
How fast will I receive my loan?
Most borrowers receive their loans within 24 business hours of approval. Funding times depend on when you apply and your bank’s operating hours. Applicants who finalize their loans before 10:30 a.m. on weekdays are usually eligible for same-day funding.
Can I get a payday loan with no credit check?
Both our in-store and online payday loans in Mississippi require no credit check via major bureaus, making it easier for bad credit borrowers to qualify. However, we assess your income and overall financial profile via alternative means as part of the approval process. Such a soft credit inquiry doesn’t affect your FICO rating.
What if I can’t repay my loan?
Late payments result in a one-time NSF fee of $30. If you face problems with your loan repayment, you may ask to be placed on a payment plan. Contact the number specified in your loan agreement to negotiate the terms.
Where can I find 1F Cash Advance near me?
We operate across the US. Head to our location page to find a store in your state, or apply online via the website 24/7. If you have any questions, please call our representatives at (720) 428-2247 to speak with a knowledgeable team that can help you navigate the process.