Wondering... “Where can I find a personal loan if I have bad credit, near me in Mississippi?"


Likely, right here! 266 locations to see. Tower Loan of Brookhaven - Brookhaven, MS, First Heritage Credit - Starkville, MS, Bancorp South - Vicksburg, MS, Advantage Financial Services - Tupelo, MS, CB&S Bank - Greenwood, MS, First Heritage Credit - Hattiesburg, MS, and many more are located near you. Locations, contact information, hours and more here in Mississippi. Detailed bad credit personal loan information below.

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Related Mississippi Loan Programs

Personal Loans in MS
$1,000 to $40,000 - Credit Score 650+
 
Payday Loans in MS
Up to $1,000 – Credit Score NA

The following classes of lending organizations may be exempt from some, all, or none of the laws set by the state of Mississippi. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nation (for example) a Native American Tribe or the country of Antigua.
 

Mississippi Personal Loan for Bad Credit Lending Regulator (MS)

Regulating Authority
Mississippi Department of Banking and Consumer Finance
901 Woolfolk Building
501 North West Street Suite A
Jackson, MS 39201
(800) 844-2499, (601)359-1031
https://www.dbcf.ms.gov/

Agency for Handling Complaints
Mississippi Department of Banking and Consumer Finance
901 Woolfolk Building
501 North West Street Suite A
Jackson , MS 39201
(800) 844-2499, (601)359-1031
https://s3.amazonaws.com/dbcf-state-ms-us-content/media/Asset/form.pdf

 

Personal Loan for Bad Credit Lenders (MS) by City

Flag of the State of Mississippi Everybody likes to park in the shade, including the lousy drivers- like the one that backed into your car. The damage isn’t severe enough to meet your deductible, but it’s bad enough that it needs to be fixed, putting a dent in your wallet. Then, on a scorching summer day, the air conditioning at home bites the dust. Unexpected repairs can be very frustrating and have a way of creeping up on us when we can least afford them. A little bit of extra cash is what you need to get you through to your next personal.

We Give Loans offers unique access to more than 1,120 personal loan sources that can give you the financial peace of mind that you need. Our no cost, no obligation, consumer-to-lender pairing process allows you to find the right personal loan lending source or sources for your circumstances. Whether you have perfect credit, average credit, bad credit, or even no credit at all, we can help. Apply online now. In just moments, you can find the right personal loan lending source for your borrowing needs. Simply fill out our short, secure, online form to get started!

Mississippi Debt Relief, Financial Counseling, and Consumer Credit Information


If you would like to look into the possible benefits of these services, National Debt Relief - Whom Offers a Free Savings Estimate is a leader in financial counseling services in Mississippi.

Mississippi Personal Loan for Bad Credit Laws and Regulations in (MS)


(last updated 11/17/2019)
Mississippi governs the rate of interest in the state through Mississippi Code Title 75 (Regulation of Trade, Commerce and Investments) under the provisions of Chapter 17 (Interest, Finance Charges, and Other Charges). Section 75-17-1 of this Chapter prescribes the legal rate of interest as eight percent (8%) per annum. A borrower or debtor may contract for a rate not exceeding the greater of ten percent (10%) per annum or five percent (5%) per annum above the discount rate. The rate of interest on any judgment or decree based on a contract action will be the same rate prescribed in the contract. In all other judgments or decrees, the interest rate is set by the judge at a per annum rate. These rates on judgments and decrees are prescribed in Section 75-17-7.

By the authority of Section 75-67-119, usurious interests and finance charges will be forfeited and can be recovered. If any such rates or charges exceed the maximum authorized by law by more than one hundred percent (100%), then the principal and the interest/charges will be forfeited and the amount already paid can be recovered. Persons who violate the usury law will be guilty of a misdemeanor and, upon conviction be punished by a fine not exceeding One Thousand Dollars ($ 1,000.00) and not less than One Hundred Dollars ($ 100.00), in the discretion of the court. The court is also empowered to revoke the license of such persons.

Residential real property loans and any contract, loan, extension of credit or other obligation by any partnership, joint venture, religious society, unincorporated association, or domestic or foreign corporation, whether organized for profit or nonprofit may charge rates that exceed the legal limit set for interest rates. Section 75-17-1 prescribes the limitations for this exception. Section 75-17-23 provides that the rate of interest in connection with the sales of factory manufactured moveable homes may be greater than the legal limit. However, this rule is subject to the prescribed rates in this Section.

Miss. Code Ann. § 75-17-1

Legal rates of interest and finance charges (1) The legal rate of interest on all notes, accounts and contracts shall be eight percent (8%) per annum, calculated according to the actuarial method, but contracts may be made, in writing, for payment of a finance charge as otherwise provided by this section or as otherwise authorized by law. (2) Any borrower or debtor may contract for and agree to pay a finance charge for any loan or other extension of credit made directly or indirectly to a borrower or debtor which will result in a yield not to exceed the greater of ten percent (10%) per annum or five percent (5%) per annum above the discount rate, excluding any surcharge thereon, on ninety-day commercial paper in effect at the Federal Reserve bank in the Federal Reserve district where the lender is located, each calculated according to the actuarial method. The rate of finance charge authorized under this subsection (2) shall be known as the “contract rate.”

(3) Notwithstanding the foregoing and any other provision of law to the contrary, any partnership, joint venture, religious society, unincorporated association, or domestic or foreign corporation, whether organized for profit or nonprofit, may contract for and agree to pay a finance charge which will result in a yield not to exceed the greater of fifteen percent (15%) per annum or five percent (5%) per annum above the discount rate, excluding any surcharge thereon, on ninety-day commercial paper in effect at the Federal Reserve bank in the Federal Reserve district where the lender is located, each calculated according to the actuarial method, on any contract, loan, extension of credit or other obligation under which the principal balance to be repaid shall originally exceed Two Thousand Five Hundred Dollars ($ 2,500.00), or on any series of advances of money pursuant to a contract if the aggregate of sums advanced or originally proposed to be advanced shall exceed Two Thousand Five Hundred Dollars ($ 2,500.00); and as to any such agreement, the claim or defense of usury by such partnership, joint venture, religious society, unincorporated association, or corporation, or their successors, guarantors, assigns or anyone on their behalf is prohibited. This information is for informational purposes only. Although care has been taken to accurately describe the laws and regulations in Mississippi, no guarantees are implied or expressed about its accuracy. This is not legal advice. If you need legal advice, please consult an attorney or the Mississippi Department of Banking and Consumer Finance.