Mississippi · Carthage
Personal loans in Carthage, MS
A personal loan is not the only option for a borrower in Carthage, Mississippi, and it is worth pricing the alternatives first. A balance transfer, a line of credit or a payment plan with the original creditor can each be cheaper for the right situation. Mississippi sets the rate caps and licensing rules the lenders must follow, so every option has to comply. Compare the annual percentage rate and the total cost of each alternative, and take the personal loan only when it wins on both.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
What lenders look for in Carthage
Recent credit activity carries weight for a Carthage applicant. Several new accounts or a cluster of hard inquiries in a short period can look like financial stress, even when the applications were routine. Rate-shopping for a loan is normally grouped into one inquiry, but unrelated credit applications are not. Space out new credit where you can.
Mississippi lending rules that apply in Carthage
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: the maximum finance charge for licensed small-loan lenders is set by Miss. Code § 75-17-21, which § 75-67-119 references as the limit; no retrievable official page published the current figure for direct verification. | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Payday lending status | Legal and licensed — check cashers (delayed-deposit/payday transactions) are licensed consumer-finance industries regulated by DBCF (Miss. Code § 75-67-501 et seq.) Source says: "These industries include Money Transmitter, Small Loan, Check Cashers, Pawnbroker, Title Pledge, Consumer Loan Broker" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Small-loan / installment lender licensing | Small loan license required (Small Loan Regulatory Law; Miss. Code § 75-67-105) Source says: "No person shall engage in the business of lending money ... without being the holder of a valid and subsisting license" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| State lending regulator | Mississippi Department of Banking and Consumer Finance (DBCF) Source says: "The Mississippi Department of Banking and Consumer Finance's (DBCF) mission is to regulate, supervise and safeguard financial institutions chartered and licensed in Mississippi" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Delayed-deposit (payday) fee caps | $20 per $100 advanced on checks ≤$250; $21.95 per $100 on checks over $250 (DBCF rule) Source says: "Delayed deposit transaction: $20.00 per $100.00 advanced for checks $250.00 and under" | Mississippi Secretary of State (DBCF administrative regulations) as of 2026-09-16 |
Before you apply in Carthage
- Collect at least three pre-qualified offers before you decide.
- Line them up on annual percentage rate, term and total of payments.
- Use our loan comparison calculator to compare them side by side.
- Check each lender's licence with the state regulator.
- Read the Truth in Lending disclosure before you sign anything.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.