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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.

Monthly Example

Advance Amount:
(amount financed):
$500
Example Loan Start Date: 1/1/2016
Finance Charge:
(cost of loan)
*Assuming all payments
are made as scheduled
$518.72
Number of Payments: 6
Payment Amount: 5 monthly payments of $169.79, final payment of $169.77
Total Repayment Amount: $1,018.72
Loan Term: 6 months
APR**: 301.17%

**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.

Monthly 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
$1,335.05
Number of Payments: 12
Payment Amount: 11 monthly payments of $161.25, final payment of $161.30
Total Repayment Amount: $1,935.05
Loan Term: 12 months
APR**: 300.41%

**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.

Monthly 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
$2,224.94
Number of Payments: 12
Payment Amount: 11 monthly payments of $268.75, final payment of $268.69
Total Repayment Amount: $3,224.94
Loan Term: 12 months
APR**: 300.41%

**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.

Monthly 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
$3,337.33
Number of Payments: 12
Payment Amount: 11 monthly payments of $403.13, final payment of $402.90
Total Repayment Amount: $4,837.33
Loan Term: 12 months
APR**: 300.41%

**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.

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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 Finance
P.O. Box 12129
Jackson, MS 39236-2129
Phone: 1-601-321-6901
Fax: 601-321-6933
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Product types and maximum loan amounts vary by market. Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Some applications may require additional verification, which can delay the lending decision.

Short term loans should be used for short-term financial needs and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

The credit decision on your application may be based in whole or in part on information obtained from a national database including, but not limited to, TransUnion, Equifax, LexisNexis or FactorTrust, Inc.

Instant funding is not applicable for all debit cards and is not available in New Mexico, Ohio, Oklahoma, Oregon, or South Carolina. Subject to system limitations. Some restrictions may apply.

Cash advances only available up to approved credit limit; some restrictions may apply.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

Alabama: Minimum age to apply in Alabama is 19.

California: Deferred deposit loans are provided in accordance with the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law, Cal. Fin. Code §23000 et seq.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Texas: Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. under Chapter 151 of the Texas Finance Code. If you have a complaint, first contact MoneyGram Payment Systems, Inc. at 1-800-MONEYGRAM. If you still have an unresolved complaint regarding the company’s money transmission or currency exchange activity, please direct your complaint to the Texas Department of Banking: 2601 North Lamar Boulevard, Austin, TX 78705-4294, 1-877-276-5554 (toll free), www.dob.texas.gov.

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