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States Mississippi Payday Loans

Payday Loans in Mississippi

Page last reviewed: October 28, 2026 · Reviewed for accuracy by Peter Kizza

Yes, payday loans are legal in Mississippi. A licensed check casher can hold your check for up to $500, fee included, so the most cash you can get is $410, at no more than $21.95 per $100 advanced.

Check Your Options
Borrow Up to $410 in cash; all your payday checks together max out at $500
Fee cap $20 per $100 on checks to $250; $21.95 per $100 above
Example $300 for 28 days: $65.85 fee, $365.85 check (~286% APR)
Term Up to 30 days; checks over $250 run 28 to 30 days
You need ID, proof of income and a checking account for the check
Fee on Each Amount If You Can't Repay

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Mississippi Payday Fees From $100 to $410

Cash, termFee / checkAPR
$100, 14 days$20.00 / $120.00~521%
$200, 14 days$40.00 / $240.00~521%
$300, 28 days$65.85 / $365.85~286%
$410, 28 days$90.00 / $500.00~286%

Worked out from Mississippi law, not offers from lenders in our network; a lender can charge less. These caps bind lenders licensed under the Mississippi Check Cashers Act. The fee is set per $100 advanced, so the check is the cash plus the fee.

The first three rows match the sample sign DBCF has check cashers post, and DBCF's payday pamphlet gives the $410 figure. The $20 rate applies while the check stays at $250 or less; above that it rises to $21.95, and a $410 advance makes a $500 check, the legal ceiling.

Why Checks Over $250 Run 28 to 30 Days

Mississippi sets two kinds of term. A check of $250 or less can be held for any period up to 30 days. A check over $250 needs a written agreement for at least 28 and at most 30 days, and you choose the length.

That longer minimum is why bigger loans show lower APRs: $90 on $410 is about 286% over 28 days and 267% over 30, while $20 on $100 for 14 days is about 521%. The dollar cost is still higher on the bigger loan.

Need more than $410, or monthly payments? See Mississippi loan options for installment loans.

No Rollovers and One $30 Returned-Check Fee

  • A lender can't renew or extend your loan, or take a fee to roll it over. It must be paid in full.
  • A check can't be paid off with the proceeds of another check cashed by the same lender or an affiliate.
  • If your check bounces, the lender can charge one $30 processing fee, and only if the agreement says so. No late or collection fees.
  • Since September 2026, DBCF has told lenders not to add debit or credit card fees to payday payments.

Can't pay on the due date? Ask for a payment plan. The lender doesn't have to agree. If it does and you later miss plan payments, it can cash your check but can't collect more than the check plus the $30 fee. DBCF says a lender can't threaten or use criminal prosecution to collect; it can sue in civil court.

Requesting a Payday Loan Under the $500 Check Cap

  1. Add up any payday checks you already have out. With the new one, the total, fees included, can't pass $500.
  2. Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
  3. Read the agreement: the fee in dollars and as an APR, the date the check can be deposited, and any $30 returned-check fee.
Check Your Options

Find the Lender on DBCF's Check Casher List

Official lookup tool DBCF list of licensed check cashers
  1. Open DBCF's list, dated February 2026, and search for the company's legal name.
  2. Match the company name, street address and city to the lender named in your offer.
  3. Or look the company up in NMLS Consumer Access for an active Mississippi Check Casher license.

DBCF's February 2026 list names more than 450 licensed locations. Before any loan, the lender must hand you DBCF's consumer pamphlet, which lists the hotline: 1-800-844-2499.

Common Questions

Are payday loans legal in Mississippi?

Yes. The Mississippi Check Cashers Act lets licensed check cashers make delayed deposit transactions, the state's name for payday loans. Lawmakers removed the Act's repeal date in 2021.

How much can I borrow with a payday loan in Mississippi?

Up to $410 in cash. Your check can't exceed $500, fee included, and the most a lender can charge on $410 is $90.

How much does a $300 payday loan cost in Mississippi?

No more than $65.85, so you write a check for $365.85. The term must be 28 to 30 days, which works out to about 286% APR at 28 days.

Can I have two payday loans at once in Mississippi?

Yes, but every check you have out, fees included, must total $500 or less, and each needs its own agreement.

Can you go to jail for not paying a payday loan in Mississippi?

No. DBCF says the lender can't threaten or use criminal prosecution to collect. It can file a civil suit and, if it wins, recover court costs and fees the court awards.

What happens if I can't repay my payday loan on time?

You can ask for a payment plan, though the lender doesn't have to agree. If the check is returned, the lender can charge one $30 processing fee, and it can't roll the loan over.

Official Sources

General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.

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