Fair to Bad Credit Loans in MSWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Mississippi Last updated April 11th 2021 Commentary is for informational purposes only. See legal disclaimers here.Money Trouble in Mississippi?It's hard when your credit is bad right? We can help, and in about 10 seconds you're going to see how. Enter your zip and credit score to get started! MS Usury and RegulationsSummary of Mississippi Usury Law(s) / Quote: "Legal: 8% / Contract: 11%; 15% on organizational loans over $2,000 / Judgment: 8% / Corporate: 15% over $2,500" (WeFindLenders.com endeavors to include the most up to date legal data for Mississippi, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Mississippi, and/or contact the Mississippi State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Mississippi Usury Law Information: Legal Maximum Interest Rates: Quote: "8%, Mississippi Code 75-17-1[1]; contract rate not to exceed greater of 10% or 5% above discount rate as per Mississippi Code §75-17-1[2]" Usury Penalties:
Quote: "Lender forfeits all interest and finance charges;
if rate exceeds maximum by 100%, any amount paid (principal or interest)
may be recovered; person willfully charging usurious rates guilty
of misdemeanor and fine up to $1000 as per Mississippi Code 75-67-119" Mississippi Lender Pool Coverage AreasJackson MS / Gulfport MS / Southaven MS / Hattiesburg MS / Biloxi MS / Meridian MS / Tupelo MS Complaints to: Physical Address: Department of Banking and Consumer Finance / PO Box 12129, Jackson, MS 39236-2129 / Phone: 601.321.6901 / Fax: 601.321.6933 / Toll free: 800.844.2499 Mississippi Lender Service Areas MapClick
or tap map image above for interactive version. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Jackson Area Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Mississippi Public Employee CU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Eagle Express FCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Brightview Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - FAA Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Mississippi Employees Fed CU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Hope Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Delta Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Muna Federal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Meridian Mutual FCU - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Postal Credit Union - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bad Credit Loan Form for MississippiBad Credit Loan Example In MSSantosh ended up in court over a dispute he had with one of his neighbors. The long and the short of it is that he lost the court case and now owes almost $10,000 for what he owes his neighbor, court fees and his lawyer as well as his neighbor’s lawyer. He is incredibly frustrated however if he does not
pay what he owes, he will be in contempt of court and probably will
owe even more money. He has a good income and other than this dispute
which somehow got registered against his credit score he has a good
credit rating. Even though Santosh thought he as in the right, the judge did not agree and it ended up costing Santosh a lot of money and a potential black mark on his credit score. Santosh is not sure which he is more frustrated with
– losing, paying all of these legal costs or the threat to his
credit score. Santosh was able to provide direction to his investment expert to direct him to repay this loan and then send the remaining proceeds from the sale to him. This is a pretty good guarantee for the lender and
made it much easier to approve this loan. He would have avoided the court costs and legal fees. He would have been much further ahead and may have not even needed this loan, which would have reduced his cost even more. i.e. no interest to pay. If you live in the State of Mississippi and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way. Sincerely, Chris Somerset Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron. Consolidation Loans in MississippiLast 5 debt service approved in the State of Mississippi. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $65000 $8000 $70000 $14000 $55000 14.09% 13.54% 6.91% 6.74% 14.19% Consolidation Providers for MississippiClick
or tap map image above for interactive version. A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Hero Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - AAA Debt Hotline - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Relief - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Mitchell Cunningham & Fava - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - First Heritage Credit - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - T A of T & A FCU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Tupelo Commons - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Mississippi Employees Fed Cu - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Tecumseh Products Employee Fed - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - OneMain Financial - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Hope Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - For the State of Mississippi we have a
starter list above you can consider if you have a fair to good credit
rating. But if you have a bad credit score you're going to want to use
the application above. When you submit your pre-app you will have your
loan application viewed by local Mississippi lender as well as nation
wide lenders. Make sure you're upfront about ALL of
your debt(s). Very important because lenders will just write you off if
they catch you flat footed making false statement - and that's if you
KNOWINGLY make a false statement or unknowingly make a false statement.
So make sure you thoroughly understand your financial situation and have
all your credit debts written down for a fast recall. Britt needs a debt consolidation loan
to help her deal with swimming pool repairs, credit card debt and to purchase
a new lawn mower. Everything seems to occur at the same
time for Britt. First her credit card statement arrived and she realized
that she did not have enough cash to pay the entire amount prior to the
due date. This will trigger 21% interest rate charges
on her overdue balance. The existing lawnmower is beyond repair. The liner has a leak and it is going to
need a new liner since it is already 15 years old and the vinyl has become
brittle. The pump and sand filter should be upgraded as well to change
from a chorine treated pool to a salt water pool. All of these items are going to cost
at least ten thousand if not more. She would like to apply for an eleven
thousand dollar loan and repay it over a period of four years. They really did not need this expense
just now, but there is really nothing that can be done other than to make
the repairs and pay off the debt as quickly as they can. They could charge the lawnmower to their
credit card but then they would just end up paying more interest at a
really high rate. The pool must be repaired. If it is not repaired it will deteriorate
quickly and the costs to repair it will escalate even further. In addition, their cash flow is such that
they are under the 35% ratio that lenders look for when confirming that
a client has sufficient income to meet the terms of the loan payments.
If you live in the State of Mississippi
and you're trying to get approved for a debt consolidation loan, we hope
our website helps you find a good lender regardless of your credit rating. Andy Somerset Andy
Somerset is the son of Lance Somerset who founded the We
Find Lenders Pool. He writes for WeFindLenders.com whenever he's not
working hard on his degree in finance. Click
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