Our handy chart will help you figure out the fees on your loan
NOTICE: FEES FOR DEFERRED PRESENTMENT TRANSACTIONS MAY BE SIGNIFICANTLY HIGHER THAN FOR OTHER TYPES OF LOANS.
The APR calculation is based on a transaction with a 14-day term. Your APR may be different if your transaction term is not 14 days. The APR of your transaction will be disclosed in the federal Truth-In-Lending Statement contained in your contract. Money Zone USA charges 20% for these transactions. The Total of Payments represents the amount of the check you will write to us.
| Loan Amount | Fee Amount | Total of Payments (1 pmt) | APR for 14-Day Term |
|---|---|---|---|
| $50.00 | $10.00 | $60.00 | 521.43% |
| $100.00 | $20.00 | $120.00 | 521.43% |
| $125.00 | $25.00 | $150.00 | 521.43% |
| $150.00 | $30.00 | $180.00 | 521.43% |
| $175.00 | $35.00 | $210.00 | 521.43% |
| $200.00 | $40.00 | $240.00 | 521.43% |
The APR calculation is based on a transaction with a 30-day term. Your APR may be different if your transaction term is not 28 days. Note, however, that state law permits us to defer deposit or collection of more than $250 and not more than $500 for a period of only 28 days, 29 days, or 30 days. The APR of your transaction will be disclosed in the federal Truth-In-Lending Statement contained in your contract. Money Zone USA charges 21.95% for these transactions The Total of Payments represents the amount of the check you will write to us.
| Loan Amount | Fee Amount | Total of Payments (1 pmt) | APR for 14-Day Term |
|---|---|---|---|
| $210.00 | $46.10 | $256.10 | 267.09% |
| $225.00 | $49.39 | $274.39 | 267.07% |
| $250.00 | $54.88 | $304.88 | 267.08% |
| $275.00 | $60.36 | $335.36 | 267.05% |
| $300.00 | $65.85 | $365.85 | 267.09% |
| $325.00 | $71.34 | $396.34 | 267.08% |
| $350.00 | $76.83 | $426.83 | 267.08% |
| $375.00 | $82.31 | $457.31 | 267.05% |
| $400.00 | $87.80 | $487.80 | 267.06% |
No other fees may be charged for these transactions, except if a check “bounces” once it is deposited at a bank, then the provider may charge a one-time NSF fee of $30.00. You cannot be arrested or sent to jail for passing a “worthless” check unless the check was returned due to an account closed prior to the day of the loan.
Maximum Loan Amount: The law limits the maximum loan amount that any one borrower may have, either singularly or combined, to $410.
Term: Deferred Presentment transactions with a face value not exceeding $250 can have a maximum repayment term of 30 days. Deferred Presentment transactions with a face value exceeding $250 can have a minimum repayment term of 28 days and a maximum repayment term of 30 days.
Renewal: Your transaction is due on the maturity date. You may obtain another transaction once this one is paid-in-full.
Customer Agreement: You will be given a copy of the Deferred Presentment Services Agreement. You have the right to read the Agreement before you sign it. You have the right to ask questions of the provider’s staff until you thoroughly understand everything in the Agreement. You also have the right to walk away from the Agreement before you sign it.
Complaints: Money Zone USA is a licensed Check Casher (Deferred Presentment provider) in Mississippi. To report any unresolved problems with Money Zone USA, contact the Mississippi Department of Banking and Consumer Finance, P.O. Box 12129, Jackson, Mississippi 39236-2129. Telephone: (601) 321-6901. Website: www.dbcf.ms.gov.
