Articles Posted in Delayed Deposit Loan

Under the Mississippi Check Cashers Act, the maximum amount you can borrow is $400.  For example, a borrower writes a check for $400, pays the $72 fee, and receives $328 in cash.  You may have more than one payday loan with a lender; however, the total amount may not exceed…

Payday loans are also referred to as cash advance loans, delayed deposit loans and deferred presentment loans.  In a payday loan, a borrower writes a check to a lender in exchange for a short-term cash loan.  The lender does not cash the check until the borrower’s next payday, up to…