Payday Loans in Brashear, Missouri

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

Company nameAddressZip codePhone number
World Finance 206 S Bishop Ave Unit D, Rolla, MO 65401 +1 (573) 364 - 0162
LendNation 920 S Springfield Ave Ste A, Bolivar, MO 65613 +1 (417) 771 - 3541
Cash City 514 S Main St, Sikeston, MO 63801 +1 (573) 471 - 0202
LendNation 490 S 7 Highway, Blue Springs, MO 64014 +1 (816) 229 - 7000
Quick Cash 4637 McMasters Ave, Hannibal, MO 63401
Bank of Ash Grove 206 E Wells St, Ash Grove, MO 65604 +1 (417) 672 - 2572
First Bank 340 S Main St, Gerald, MO 63037 +1 (573) 764 - 3324
Bank of Advance 1428 West Business US Highway 60, Dexter, MO 63841 +1 (573) 624 - 1500
Great Western Bank 2 W 4th St, Grant City, MO 64456 +1 (660) 564 - 4000
Lukes Auto Repair 600 Fellows St , Utica, MO 64686 +1 (660) 973 - 7459

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brashear, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Columbia, MO, Payday Loans in Florissant, MO, Quick Loan in Independence, MO, 24-Hour Loan in Jefferson City, MO, Payday Loans in Joplin, MO, Payday Loans in Kansas City, MO, Emergency Loan in Lee's Summit, MO and Same Day Loans in Liberty, 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 Brashear, MO.

Payday Loans Available in Brashear, MO By The Following ZIP Codes:

63533

Are Payday Loans Legal In Brashear, 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

Brashear, MO payday loan calculator

The Ins and Outs of Payday Loans in Brashear, Missouri

Payday loans can be a useful financial tool for those who need immediate access to cash. These short-term loans are a popular option for consumers in need of emergency funds. However, if not used correctly, they can become a financial burden. This article highlights everything you need to know about payday loans in Brashear, Missouri.

Payday Loans in Brashear, Missouri

Payday loans are legal in the state of Missouri. Missouri Revised Statutes Section 408.500 et seq. governs payday lending in the state. The law permits both online and brick and mortar lenders to offer payday loans at a maximum rate of 75% APR.

Payday loans in Brashear, MO, are a short-term financial tool designed to help consumers bridge the gap between paychecks. The loans are typically due on the borrower’s next payday, which is usually within two to four weeks. The loans are easy to access and require minimal paperwork, making them a popular financial option. They’re often used to cover unexpected expenses like medical bills or car repairs.

How Do Payday Loans Work?

Payday loans are simple to understand. When a consumer applies for a payday loan, they can borrow up to $500. The lender holds a postdated check or electronic authorization to debit the borrower’s bank account for the loan amount plus fees and interest. In Missouri, the maximum loan term is 31 days, and lenders can charge up to 75% APR. If the borrower cannot repay the loan on time, they may be able to roll it over, but that could lead to additional fees and interest.

Payday lenders in Brashear, Missouri require borrowers to provide proof of income, such as a pay stub or bank statement, and a government-issued ID. Some lenders may also require a postdated check or bank account access.

The Pros and Cons of Payday Loans

Like any financial tool, payday loans have their advantages and disadvantages. Here are a few pitfalls and benefits:

Pros of Payday Loans:

  • Fast access to cash
  • No credit check required
  • Easy to qualify for
  • Can be used for any reason

Cons of Payday Loans:

  • High fees and interest rates
  • Short repayment terms
  • Can lead to a cycle of debt
  • May damage credit if not repaid on time

Interesting Facts and Statistics about Payday Loans in Brashear, Missouri

  • Missouri had 1,275 licensed payday lenders as of 2018.
  • The average payday loan in Missouri is $307.
  • Payday lenders in Missouri collected $227 million in fees as of 2018.
  • Approximately 13% of Missourians have taken out a payday loan in the past five years.

Apply Now for Payday Loans in Brashear, Missouri

If you’re in need of quick cash, TheGuaranteedLoans can help you connect with potential lenders in Brashear, Missouri. We’re not a direct lender, but we offer a reliable, user-friendly online application platform. Our lender-matching service is secure, fast, and free, and we work with a network of licensed lenders in Missouri.

To apply for a payday loan in Brashear, MO, fill out our application form, which takes just a few minutes. We’ll review your application and connect you with potential lenders in Brashear, MO, who are willing to lend to you. Once you’re connected with a lender, the funds can be deposited into your account as soon as the next business day.

It’s important to note that payday loans should be used responsibly and as a short-term tool. If you find yourself relying on them regularly, seek financial counseling to get your finances back on track.

The Bottom Line

When used responsibly, payday loans in Brashear, Missouri, can help you get through difficult financial times. However, if not used carefully, they can become a burden, leading to a cycle of debt. Before you apply for a payday loan, make sure you understand the terms and conditions, including fees and interest rates.

At TheGuaranteedLoans, we strive to provide consumers with safe, reliable access to payday loans on our platform. We encourage borrowers to use our service as a last resort, and to find a financial plan that works for them in the long run.

F.A.Q.

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

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

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

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