Things To Consider When Getting Payday Loans In Mississippi

March 2, 2021 | Daniel Dewitt

payday loans in Mississippi

 

Short-term fast loans, particularly payday loans, are an easy way to get cash when you’re in a pinch and urgently need money – as they’re one of the most accessible and fast loans, with few requirements, and a swift approval process.

But the accessibility often tempts people to apply even when they shouldn’t. So before you do, make sure to weigh all the pros and cons of the loan. To make it easier for you, we’ve come up with a short list.

Here are four things to consider before applying for payday loans in Mississippi:

Remember These Things Before You Get Payday Loans In Mississippi

How Fast Do You Need The Money?

Just how pressed are you for cash? A major advantage point of applying for payday loans in Mississippi is that you’ll be getting your money the same day you apply for it if approved.

The entire application-approval process usually lasts under an hour – on average 30 minutes, and you get the cash you qualified for not long after the process is finished.

So if you’re dealing with a time-sensitive problem, payday loans are a good option.

 

Is This An Emergency?

What do you need the money for? If you are hit with an emergency that you absolutely cannot handle or put off until you have the money, then that is when you should look into payday loans in Mississippi. If your emergency can wait or you really can handle it on your own, you might be abusing the loan if you decide to take one out.

While payday loans are typically hard to abuse since the maximum amount you could acquire is lower than with other short-term fast loans like, say, title loans, even an additional $50 could be considered abusing the loan if you’re taking it just to waste it.

Remember that you’ll need to pay off every single cent – and that additional $50 will be coming out from your next paycheck, leaving you with less.

 

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How Do You Plan To Pay Off The Loan?

Do you have a plan on how you’re going to pay off your payday loan? Most payday loans are usually paid off with the borrower’s next paycheck.

While our loan representatives at Mississippi Title Loans, inc. will do their best to accommodate your circumstances and come up with a payoff schedule you’re comfortable with, you shouldn’t be a passive participant in the process.

When Should I Apply For Payday Loans In Mississippi?

There are two reasons you should get payday loans in Mississippi. Either you’re hit by an emergency that could escalate and cost you more down the line if not handled immediately, or you have a financial obligation you have to cover because your life quality will worsen otherwise.

Examples of the first category would be a car breakdown, clogged sink, unexpected house repairs, unexpected vet bills, and so on.

Examples of the second category would be a planned doctor’s appointment you can’t cover from your paycheck, rent, utility bills, and everyday bills you cannot cover due to your paycheck coming in late or shrinking due to unforeseen circumstances.

These – and other emergencies that fall into these categories – are all valid reasons to apply for payday loans in Mississippi.

Here’s How To Apply For Payday Loans In Mississippi

Applying for payday loans in Mississippi is an easy and straightforward process. So easy, in fact, that you can start the application process online by going to the Mississippi Title Loans Inc. website and filling out the quick online form.

Your form will be sent to the nearest Mississippi payday loan location, where it will be processed by one of the loan representatives who’ll give you a call. They will provide you with detailed instructions and set up a face-to-face meeting with you.

You will need to bring the following items to the meeting:

  1. Your government-issued ID;
  2. Your most recent pay stub;
  3. A blank check in your name from an active checking account.

The loan representative will go over your documents and determine if you qualify for the loan. If approved, you’ll get the cash the same day you applied for it. The next time you consider getting a payday loan, take a minute to consider these four important questions. These questions will help you decide if payday loans in Mississippi are the right choice for you.