- Payday loans in Walls 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 Horn Lake, about 7 miles away.
Walls at a glance
| Walls | |
|---|---|
| Population (2024 Census estimate) | 1,412 |
| Change since 2020 | +4.7% (growing) |
| County | DeSoto County |
| Size rank among 256 Mississippi places we cover | 127th |
| Nearest larger city | Horn Lake (about 7 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 7 (about 160,593 residents) |
| Typical payday APR statewide (CRL 2023) | 572% |
Payday lending in Walls follows Mississippi state law. Lenders that serve Walls, in a store or online, must be licensed by the Mississippi Department of Banking and Consumer Finance.
Credit unions near Walls
NCUA data (June 2026) shows no credit union headquartered in Walls or DeSoto 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 Walls
The main Mississippi rules for a payday loan in Walls: 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 Walls
At Mississippi’s maximum fee, borrowing $300 costs $65.85 ($21.95 per $100). Statewide, the typical APR on a $400 payday loan was 572% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in DeSoto County before you borrow
- Call or text 211 for help with rent, utilities and food in DeSoto County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Walls
- Horn Lake · 7 mi
- Southaven · 11 mi
- Hernando · 11 mi
- Olive Branch · 19 mi
- Coldwater · 20 mi
- Tunica · 20 mi
The nearest larger city is Horn Lake, about 7 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 Walls?
Yes. Payday loans are legal in Walls 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 Walls?
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 Walls?
NCUA data shows no credit union headquartered in Walls 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