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I’ve three payday loans totaling $1100. I want to pay them off ASAP. But recently I came to know that payday loans are illegal in MS. Is that true? Any helpful comment would be appreciated.

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Reach out the Mississippi Department of Banking and Consumer Finance to know if payday loan companies are licensed in your state. You can get their address & phone nos. here: http://www.dbcf.state.ms.us/
If the lenders are, however, not licensed, then just pay them the principal amount you owe and not any interest.


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Last Updated on: Fri, 8 Jun 2018