Payday Loans in Cairo, Missouri

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

Company nameAddressZip codePhone number
Walmart Money Center Supercenter 815, 4252 US-54, Osage Beach, MO 65065 +1 (573) 348 - 6445
Old Missouri Bank 218 N Webster Ave, Ash Grove, MO 65604 +1 (417) 672 - 2572
Tri-State Payday Loan Co 8536 US-24, Taylor, MO 63471 +1 (573) 393 - 1020
Quick Loans 300 W Mt Vernon St F, Nixa, MO 65714 +1 (417) 725 - 5010
Saints Avenue Bank 115 S Public St, Center, MO 63436 +1 (573) 267 - 3324
World Finance 1320 US-24 Ste B, Moberly, MO 65270 +1 (660) 263 - 6605
Tower Loan 1090-J S.Neosho Blvd, Neosho, MO 64850 +1 (417) 451 - 5265
LendNation 1601 Rte 291 Ste B, Harrisonville, MO 64701 +1 (816) 380 - 6372
First State Community Bank 1214 N Douglass St, Malden, MO 63863 +1 (573) 276 - 4584
MoneyGram 807 Cherokee Dr 2, Marshall, MO 65340 +1 (660) 886 - 3962

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cairo, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Ballwin, MO, Payday Loans in Blue Springs, MO, Payday Loan Companies in Cape Girardeau, MO, Quick Loan in Chesterfield, MO, Payday Loan for Columbia, MO, Payday Loans in Florissant, MO, Payday Loans in Independence, MO and 24-Hour Loan in Jefferson City, 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 Cairo, MO.

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

65239

Are Payday Loans Legal In Cairo, 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

Cairo, MO payday loan calculator

Payday loans are a type of short-term loan that can provide financial help when you find yourself in a tight spot financially. Such loans are legal in the state of Missouri. If you live in Cairo, Missouri, and are considering taking out a payday loan, it is important to understand the laws and regulations in place. This article will provide a comprehensive guide to payday loans in Cairo, with all the information you need to make an informed decision.

What Are Payday Loans?

A payday loan is a small, short-term loan with a high interest rate. These loans are typically used to cover unexpected expenses until your next payday. The loans are popular because they have fewer requirements than other loan types and the approval time is fast.

Payday loans are usually requested in small amounts, and you are expected to pay the loan back from your next paycheck. Usually, the repayment term is between two to four weeks, depending on the lender’s policy. Borrowers will need to provide their personal information, including their income, employment status, and bank account details.

How Do Payday Loans Work in Cairo, Missouri?

Payday loans are legal in the state of Missouri, and the laws regulating payday lending in Cairo are the same as those throughout the state. Lenders are allowed to charge an interest rate of up to 75% and a maximum loan amount of $500. Repayment terms must not exceed 31 days, and a borrower is allowed to roll over a loan for up to six times. Such rules are meant to protect borrowers and prevent them from falling deeper into debt.

What Are The Benefits of Payday Loans?

  • Fast and easy approval process, even for those with poor credit history
  • Accessible to individuals who otherwise might not have access to traditional loans
  • Flexible repayment terms, which can help borrowers manage their finances responsibly
  • Short-term nature of loans means that borrowers have to pay off their debts quickly

What Are The Pitfalls Of Payday Loans?

  • High interest rates that can make it difficult to pay off the loan on time
  • Frequent rollovers may lead to a debt cycle that is hard to get out of
  • Payday loans can be addictive and may result in long-term financial problems if not used responsibly
  • Lack of regulation may lead to some lenders offering predatory loans with exorbitant fees and interest rates

Interesting Facts About Payday Loans in Cairo, Missouri

  • Missouri has the highest concentration of payday lenders per capita in the United States.
  • Approximately 2 million payday loans are issued in Missouri every year.
  • The average payday loan issued in Missouri is $315.
  • In 2020, Missouri voters approved Proposition D, which capped the interest and fees that lenders could charge on payday loans. The proposition passed with over 75% of the votes.
  • Payday loans are a multibillion-dollar industry, with millions of customers every year.

Applying for a Payday Loan with TheGuaranteedLoans

TheGuaranteedLoans is a connector service that connects borrowers with lenders who may be able to offer payday loans. We are not direct lenders and do not make loan decisions or credit inquiries. Once you fill out our online application form, we will forward your information to our network of lenders, who will then contact you if they are able to offer you a loan.

To apply for a payday loan with TheGuaranteedLoans, you must:

  • Be at least 18 years old
  • Be a US citizen or permanent resident
  • Have a steady source of income, such as employment or government aid
  • Have an active checking account in good standing
  • Be willing to provide personal information, including your social security number and banking details

If you are approved for a payday loan, you will need to agree to the lender’s terms and conditions before receiving your funds. You will also be given a repayment schedule, including the loan amount and interest rate, and the due date for repayment. It is important to read these terms carefully and ensure that you can repay the loan on time, to avoid additional fees and interest charges.

Conclusion

Payday loans can be a great solution to unexpected expenses or financial emergencies, but they should be used responsibly. If you live in Cairo, Missouri, and are considering applying for a payday loan, it is important to understand the legal and regulatory landscape in place. TheGuaranteedLoans can help connect you with potential lenders, but it is important to make an informed decision before signing any loan agreements. Remember to read the terms and conditions carefully, and ensure that you can repay the loan on time to avoid additional fees and interest.

F.A.Q.

Can I take out multiple payday loans in Cairo, Missouri?

Yes, there is no limit on the number of payday loans you can take out in Cairo, Missouri. However, it is important to consider your ability to repay the loans before taking out multiple loans.

What should I do if I am unable to pay back my payday loan in Cairo, Missouri?

If you are unable to pay back your payday loan on the agreed-upon date, you should contact your lender as soon as possible to discuss your options. Your lender may be able to work with you to come up with a repayment plan that is manageable for you.