Payday Loans in Blackwell, Missouri

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

Company nameAddressZip codePhone number
Southern Bank 502 Main St, Van Buren, MO 63965 +1 (573) 323 - 4292
Security Finance 474 S Jefferson Ave, Lebanon, MO 65536 +1 (417) 533 - 3462
Linn Co Payday Loan 301 N Main St, Brookfield, MO 64628 +1 (660) 258 - 4556
Senath State Bank - Senath Branch 117 E Commercial St, Senath, MO 63876 +1 (573) 738 - 2646
Loan Servicing Center 700A Southwest Blvd, Jefferson City, MO 65101 +1 (573) 634 - 0880
Commerce Bank 1889 N State Hwy CC, Nixa, MO 65714 +1 (417) 869 - 5411
Citizens Bank & Trust 105 Main St, Craig, MO 64437 +1 (660) 683 - 5333
Table Rock Community Bank 1 Wildwood Ln, Kimberling City, MO 65686 +1 (417) 739 - 9300
LendNation 490 S 7 Highway, Blue Springs, MO 64014 +1 (816) 229 - 7000
Riverways Federal Credit Union 600 S Main St, Salem, MO 65560 +1 (573) 739 - 3113

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Blackwell, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Joplin, MO, Payday Loan Without a Credit Check in Kansas City, MO, Payday Loans in Lee's Summit, MO, Payday Loans in Liberty, MO, No Credit Check Loans in Saint Charles, MO, Payday Loan for Saint Joseph, MO, Payday Loans in Saint Louis, MO and Payday Loan Companies 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 Blackwell, MO.

Beautiful sights of Blackwell, MO

Are Payday Loans Legal In Blackwell, 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

Blackwell, MO payday loan calculator

Introduction

Payday loans have become a popular option for many individuals in Blackwell, Missouri. With the ability to access quick cash, these loans can help individuals in times of financial need. While payday loans can be helpful, they also come with significant risks that borrowers should be aware of. In this article, we’ll explore the ins and outs of payday loans in Blackwell, Missouri, including what they are, how they work, and important considerations for borrowers.

What are payday loans?

Payday loans are short-term loans that typically have high interest rates and fees. These loans are meant to be repaid within a few weeks, or when the borrower receives their next paycheck. In Missouri, payday loans are legal, which means borrowers have access to this financial product if they need it.

How do payday loans work in Blackwell, Missouri?

To obtain a payday loan in Blackwell, Missouri, borrowers typically must provide proof of income and a valid form of identification. The borrower then writes a post-dated check for the loan amount plus fees, which the lender will cash on the borrower’s next payday.

Payday loans in Blackwell, Missouri are subject to certain regulations, which include:

– Loan amount cannot exceed $500
– Maximum finance charge is $75 for every $100 borrowed
– Loan duration cannot exceed 31 days
– Borrowers can only have one outstanding payday loan at a time

Risks associated with payday loans

While payday loans can be helpful for individuals who need quick cash, there are significant risks associated with these types of loans. The high interest rates and fees associated with payday loans can make it difficult for borrowers to pay back the loan on time, leading to a cycle of debt and financial instability.

In addition, payday lenders often target individuals who are in desperate financial situations, which can lead to a predatory lending environment. Borrowers should be aware of these risks before considering a payday loan as a solution for their financial needs.

Important considerations for payday loan borrowers in Blackwell, Missouri

Before taking out a payday loan in Blackwell, Missouri, borrowers should carefully consider their financial situation and ability to repay the loan. Some important things to consider include:

– Determine if there are any alternative options for obtaining funds, such as borrowing from friends or family, or applying for a personal loan from a bank or credit union.
– Calculate the total cost of the loan, including fees and interest.
– Make a plan for repaying the loan on time and in full, which may mean cutting back on expenses or finding additional sources of income.
– Understand the consequences of defaulting on a loan, including potential damage to credit score, additional fees and interest, and legal action.

Interesting facts and statistics about payday loans in Blackwell, Missouri

– According to the Missouri Division of Finance, there were over 1.2 million payday loans issued in Missouri in 2020, totaling over $1.5 billion in loan volume.
– The average payday loan borrower in Missouri takes out eight loans per year.
– A 2018 survey found that approximately 50% of Missouri adults reported using payday loans in the past five years.

Apply now with TheGuaranteedLoans

If you’re considering a payday loan in Blackwell, Missouri, TheGuaranteedLoans can help. As a connector service, we work with a network of lenders to help you find the best loan option for your needs. Our online application process is fast and secure, and you’ll receive a decision in minutes. Remember, payday loans should only be considered as a last resort, and borrowers should carefully consider their ability to repay the loan before applying.

F.A.Q.

Can I be arrested for not paying back a payday loan in Blackwell, Missouri?

No, it is not legal for a lender to threaten or pursue criminal action for non-payment of a payday loan in Blackwell, Missouri.

How do I apply for a payday loan in Blackwell, Missouri?

You can apply for a payday loan in Blackwell, Missouri by visiting a lender's storefront or website and filling out an application form.