Payday Loans in Ashburn, Missouri

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No payday loan companies in Ashburn, MO. Consider companies in other cities:

Company nameAddressZip codePhone number
Great Western Bank 224 W Wood St, Albany, MO 64402 +1 (660) 726 - 4000
La Monte Community Bank 201 Front St, La Monte, MO 65337 +1 (660) 347 - 5656
Security Bank of Southwest MO 108 Front St, Exeter, MO 65647 +1 (417) 835 - 8111
Check Into Cash 518 Cottonwood Plaza, Kennett, MO 63857 +1 (573) 888 - 1333
U.S. Bank Branch 202 E McPherson St, Kirksville, MO 63501 +1 (660) 665 - 8374
Refinance Loans Branson Missouri 400 S US-65 BUS, Branson, MO 65615 +1 (417) 527 - 2452
First State Community Bank 11728 Bluff Rd, Marthasville, MO 63357 +1 (636) 433 - 2231
LendNation 920 S Springfield Ave Ste A, Bolivar, MO 65613 +1 (417) 771 - 3541
Cash-Today 911 N Truman Blvd, Crystal City, MO 63019 +1 (636) 937 - 7171
EZ Loan Services 1020 E Green Meadows Rd #108, Columbia, MO 65201 +1 (573) 443 - 2618

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ashburn, MO, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Joplin, MO, Payday Loans in Kansas City, MO, Emergency Loan in Lee's Summit, MO, Payday Loans in Liberty, MO, No Credit Check Loans in Saint Charles, MO, 24-Hour Loan in Saint Joseph, MO, Payday Loans in Saint Louis, MO and Payday Loans in Saint Peters, MO. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Ashburn, MO.

Are Payday Loans Legal In Ashburn, Missouri?

Loan Rates and Fees, Laws and Regulations in Missouri.

Missouri Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)443
Maximum Loan Amount$500 or less
Minimum Loan Term14 days
Maximum Loan Term31 days
Number of Rollovers Allowed6
Finance ChargesNo interest and fees in excess of 75% of the initial loan amount on any single loan

Ashburn, MO payday loan calculator

Understanding Payday Loans in Ashburn, Missouri

Payday loans, also known as cash advances or payday advances, are short-term loans that are typically due on the borrower’s next payday. These loans can be convenient for those who need quick cash for unexpected expenses or emergencies. However, payday loans come with high costs and fees, and can trap borrowers in a cycle of debt if not used responsibly.

If you are considering a payday loan in Ashburn, Missouri, it is important to understand the state’s laws and regulations surrounding these loans.

Payday Loan Regulations in Missouri

In Missouri, payday loans are legal and regulated under the Missouri Division of Finance. Lenders must be licensed and follow certain regulations to protect consumers.

According to Missouri law, payday lenders can charge up to 75% of the loan amount in fees, which can make the APR (annual percentage rate) as high as 1950%. For example, if you borrow $500, you could pay up to $375 in fees. The loan must be repaid within 14-31 days, depending on the lender’s terms.

Missouri law also requires lenders to disclose all fees and costs associated with the loan, including the APR, before the borrower signs the loan agreement. This transparency is important to ensure the borrower understands the total cost of the loan and can make an informed decision.

Pros and Cons of Payday Loans in Ashburn, Missouri

Payday loans can be a quick and convenient way to get cash when you need it. However, they also come with high fees and can lead to a cycle of debt if not used responsibly. Here are some pros and cons to consider:

Pros:

  • Quick access to cash
  • No credit check required
  • Can help in emergencies

Cons:

  • High fees and interest rates
  • Short repayment terms
  • Can lead to a cycle of debt

If you do decide to take out a payday loan in Ashburn, Missouri, be sure to shop around and compare lenders to find the best rates and terms. And always make sure you can repay the loan on time to avoid additional fees and potential damage to your credit score.

Interesting Facts and Statistics about Payday Loans in Ashburn, Missouri

  • Missouri has the highest average payday loan interest rate in the country at 462%.
  • More than 80% of borrowers in Missouri take out a new payday loan within 14 days of repaying their previous loan.
  • In Ashburn, Missouri, there are currently 6 payday lenders within a 10-mile radius.
  • The average payday loan amount in Missouri is $315.
  • 20% of Missouri payday loan borrowers have taken out 10 or more loans in the past year.

Apply Now

If you are in need of a payday loan in Ashburn, Missouri, TheGuaranteedLoans can connect you with potential lenders who may be able to meet your needs. Simply fill out our online application, and we will match you with lenders who may be able to offer you a loan based on your individual circumstances. Please note that TheGuaranteedLoans is a connecting service and not a direct lender.

It is important to carefully consider your options and ensure you can repay the loan on time before committing to a payday loan. By working with reputable lenders and practicing responsible borrowing habits, you can make the most of this option and avoid additional debt and fees.

F.A.Q.

What are payday loans and how do they work in Ashburn, Missouri?

Payday loans are short-term, high-interest loans that are designed to be paid back on the borrower's next payday. in Ashburn, Missouri, borrowers are allowed to borrow up to $500, with a maximum term of 31 days.

Are there any restrictions on payday loan interest rates in Ashburn, Missouri?

Yes, payday lenders are required to follow the state's usury laws, which limit the maximum interest rate to 75% per year. However, additional fees may be charged on top of the interest rate.