- Payday loans in Hickory Flat follow Mississippi law (Mississippi Check Cashers Act).
- Borrowing $300 at the state maximum costs $65.85 ($21.95 per $100).
- The nearest larger city is Oxford, about 27 miles away.
Hickory Flat at a glance
| Hickory Flat | |
|---|---|
| Population (2024 Census estimate) | 492 |
| Change since 2020 | -1.4% (shrinking) |
| County | Benton County |
| Size rank among 256 Mississippi places we cover | 197th |
| Nearest larger city | Oxford (about 27 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 15 (about 26,004 residents) |
| Typical payday APR statewide (CRL 2023) | 572% |
There is no separate Hickory Flat payday law: Mississippi rules apply here, and any lender serving Hickory Flat residents, online or in person, needs a license from the Mississippi Department of Banking and Consumer Finance.
Credit unions near Hickory Flat
NCUA data (June 2026) shows no credit union headquartered in Hickory Flat or Benton County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Hickory Flat
In short, Mississippi rules that cover Hickory Flat include: maximum check: $500, so the most you can receive is about $410; maximum fee: $20 per $100 on checks up to $250; $21.95 per $100 on checks of $251–$500; loan term: up to 30 days (28 to 30 days for checks over $250). See the full Mississippi payday loan rules.
What a $300 loan costs in Hickory Flat
The Center for Responsible Lending put the typical APR on a $400 payday loan in Mississippi at 572% (June 2023). For $300 at the state maximum, expect $65.85 ($21.95 per $100). Check any offer with our payday loan calculator.
Other help in Benton County before you borrow
Before a payday loan, Hickory Flat residents can usually find something cheaper:
- Local assistance through 211 covering Benton County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Hickory Flat
- Myrtle · 6 mi
- Potts Camp · 7 mi
- Blue Mountain · 10 mi
- New Albany · 13 mi
- Snow Lake Shores · 14 mi
- Ashland · 15 mi
The nearest larger city is Oxford, about 27 miles away. See all 256 Mississippi cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Hickory Flat?
Yes. Payday loans are legal in Hickory Flat under Mississippi state law, and lenders must be licensed by the Mississippi Department of Banking and Consumer Finance.
How much does a payday loan cost in Hickory Flat?
At Mississippi’s maximum fee, borrowing $300 costs $65.85 ($21.95 per $100). The typical statewide APR was 572% in 2023.
Where is the nearest credit union to Hickory Flat?
NCUA data shows no credit union headquartered in Hickory Flat or its county. Use the NCUA credit union locator to find branches and online credit unions.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Mississippi DBCF — Payday loans consumer pamphlet
- Mississippi Check Cashers Act
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary