Payday Loans in Devils Elbow, Missouri

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

Company nameAddressZip codePhone number
Regional Missouri Bank 601 1st St, Glasgow, MO 65254 +1 (660) 338 - 2236
Empire Finance 822 S Main St, Sikeston, MO 63801 +1 (573) 481 - 1154
Tiger Title Loans 1206 Business Loop 70 E, Columbia, MO 65201 +1 (573) 442 - 8447
Closed - Equity Bank 1601 Commercial St, Warsaw, MO 65355 +1 (660) 438 - 4040
TitleMax Title Loans 923 US-40, Blue Springs, MO 64014 +1 (816) 874 - 8280
LibertyX Bitcoin ATM 1400 Rebel Rd, Union, MO 63084 +1 (800) 511 - 8940
Accel Loans 1412 N Kingshighway, Cape Girardeau, MO 63701 +1 (573) 334 - 3256
Advance America 7114 NW Prairie View Rd, Kansas City, MO 64151 +1 (816) 505 - 2136
Cash America Pawn 11501 US-24, Independence, MO 64054 +1 (816) 836 - 9994
Empire Finance 600 Dairy St e, Monett, MO 65708 +1 (417) 236 - 9614

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Devils Elbow, MO, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Cape Girardeau, MO, Payday Loans in Chesterfield, MO, Payday Loans in Columbia, MO, Payday Loan for Florissant, MO, Guaranteed Loans in Independence, MO, Payday Loans in Jefferson City, MO, Payday Loans in Joplin, MO and Same Day Loans in Kansas 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 Devils Elbow, MO.

Beautiful sights of Devils Elbow, MO

Are Payday Loans Legal In Devils Elbow, 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

Devils Elbow, MO payday loan calculator

Payday Loans in Devils Elbow, Missouri – A Comprehensive Guide

Payday loans are a type of short-term loan that can be an attractive option for those in need of quick cash. These loans can be a saving grace in a financial emergency, but they also have higher interest rates and fees than traditional loans. If you’re considering taking out a payday loan in Devils Elbow, Missouri, this guide will provide you with everything you need to know.

How Do Payday Loans Work?

Payday loans are typically small loans (usually $500 or less) that are due in full on your next payday. These loans function as a cash advance on your upcoming paycheck. If you’re approved for a payday loan, the loan amount plus fees will be deducted from your account on your next payday.

Payday loans also have higher interest rates and fees than traditional loans. The annual percentage rate (APR) of a payday loan in Missouri can be as high as 462%. This can make it difficult to pay back the loan on time, leading to a cycle of debt.

Are Payday Loans Legal in Missouri?

Payday loans are legal in Missouri. However, the state has regulations in place to protect borrowers. According to Missouri law, payday loans cannot exceed $500 and must have a minimum repayment term of 14 days. Lenders are also required to follow specific guidelines when it comes to interest rates and fees.

How to Apply for a Payday Loan in Devils Elbow, Missouri

Applying for a payday loan in Devils Elbow, Missouri, is a straightforward process. Most lenders will allow you to apply online, in-person, or over the phone. To apply, you’ll need to provide basic information, including your name, address, income, and employment status.

After you’ve submitted your application, the lender will conduct a credit check and evaluate your finances to determine if you’re eligible for a loan. If you’re approved, you’ll receive the loan amount, usually within 24 hours.

Payday Loan Criteria in Devils Elbow, Missouri

Before you apply for a payday loan in Devils Elbow, Missouri, you should understand the criteria used to determine your eligibility. Here are some of the requirements that lenders typically look for:

  • You must be at least 18 years old
  • You must have a steady source of income
  • You must have an active checking account
  • You must be a U.S. citizen or permanent resident

Benefits and Risks of Payday Loans

Payday loans can be an attractive option for those in need of quick cash. However, they also come with risks and should only be used in emergencies. Here are some of the benefits and risks of payday loans:

Benefits:

  • Quick cash when you need it
  • Easy application process
  • No credit check required

Risks:

  • High interest rates and fees
  • Short repayment term
  • Potential for a cycle of debt
  • Can lead to financial instability

Interesting Facts and Statistics about Payday Loans in Devils Elbow, Missouri

  • Missouri has one of the highest payday loan usage rates in the country, with nearly 1.2 million loans taken out in 2019.
  • The average payday loan in Missouri is $326, and the average APR is 462%.
  • In 2018, Missouri passed a law that placed restrictions on the number of rollovers a borrower can have on a single payday loan.
  • Studies have shown that payday loans can lead to financial distress and can be a contributing factor in bankruptcy filings.

Apply Now for a Payday Loan in Devils Elbow, Missouri

Are you in need of quick cash? Apply now for a payday loan in Devils Elbow, Missouri, through TheGuaranteedLoans. We are not a direct lender, but we work with a network of potential lenders to connect you with the best loan option for your needs. Remember, payday loans should only be used in emergencies and should be paid back in full on your next payday. Contact us today to get started.

F.A.Q.

Can I take out multiple payday loans in Devils Elbow, Missouri?

Yes, there is no limit on the number of payday loans you can take out in Devils Elbow, 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 Devils Elbow, 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.