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Mississippi Rates & Terms
Mississippi Speedy Cash loan agreements are governed by the State of Mississippi.
View example finance charges.
Bi-Weekly Example
| Advance Amount: (amount financed): |
$600 |
| Example Loan Start Date: | 1/1/2016 |
| Finance Charge: (cost of loan) *Assuming all payments are made as scheduled |
$1,187.73 |
| Number of Payments: | 24 |
| Payment Amount: | 23 bi-weekly payments of $74.50, final payment of $74.23 |
| Total Repayment Amount: | $1,787.73 |
| Loan Term: | 12 months |
| APR**: | 299.17% |
**Annual Percentage Rate: The APR is the cost of your loan expressed as a yearly rate. The APR will increase if the actual loan term is shorter than this example, and will decrease if your loan term is longer.
Bi-Weekly Example
| Advance Amount: (amount financed): |
$1,000 |
| Example Loan Start Date: | 1/1/2016 |
| Finance Charge: (cost of loan) *Assuming all payments are made as scheduled |
$1,980.28 |
| Number of Payments: | 24 |
| Payment Amount: | 23 bi-weekly payments of $124.16, final payment of $124.60 |
| Total Repayment Amount: | $2,980.28 |
| Loan Term: | 12 months |
| APR**: | 299.18% |
**Annual Percentage Rate: The APR is the cost of your loan expressed as a yearly rate. The APR will increase if the actual loan term is shorter than this example, and will decrease if your loan term is longer.
Bi-Weekly Example
| Advance Amount: (amount financed): |
$1,500 |
| Example Loan Start Date: | 1/1/2016 |
| Finance Charge: (cost of loan) *Assuming all payments are made as scheduled |
$2,970.06 |
| Number of Payments: | 24 |
| Payment Amount: | 23 bi-weekly payments of $186.24, final payment of $186.54 |
| Total Repayment Amount: | $4,470.06 |
| Loan Term: | 12 months |
| APR**: | 299.18% |
**Annual Percentage Rate: The APR is the cost of your loan expressed as a yearly rate. The APR will increase if the actual loan term is shorter than this example, and will decrease if your loan term is longer.
Online Installment Loan Questions
How much money can I borrow?
Mississippi residents may be eligible to receive up to $1,500 with online installment loans from Speedy Cash.
How much will my loan cost?
We use daily interest to calculate the cost of your installment loan. Since fees for an installment loan are calculated daily, the sooner you pay off your loan the less you will pay in fees. There is no charge for paying off your loan early. Your loan APR and fees will vary depending on the amount of money you borrow, and the length of your loan term.
When will my loan be due?
Your payments will typically be scheduled around your pay days; either bi-weekly, bi-monthly, or monthly.
Mississippi Department of Banking and Consumer Finance Disclosure
The following is a list of maximum fees allowable for services that may be offered at this check cashing business:
- 1. Government Checks: 3% of the face amount of the check or five dollars ($5.00), whichever is greater.
- 2. Personal Checks: 10% of the face amount of the check or five dollars ($5.00), whichever is greater
- 3. All other checks or money orders: 5% of the face amount of the check or five dollars ($5.00), whichever is greater.
- 4. Delayed deposit transaction:
• $20.00 per $100.00 advanced for checks $250.00 and under
• $21.95 per $100.00 advanced for checks over $250.00
Mississippi law prohibits this check cashing business from accepting a fee to renew or extend any delayed deposit transaction. Therefore, a delayed deposit check must be deposited or the check face value paid in full prior to entering into another delayed deposit transaction.
This check cashing business is licensed and regulated by the Mississippi Department of Banking and Consumer Finance. If you have any unresolved problem with a transaction at this location, you are entitled to assistance.
Please call or write:
Mississippi Department of Banking and Consumer FinanceP.O. Box 12129
Jackson, MS 39236-2129
Phone: 1-601-321-6901
Fax: 601-321-6933
