Payday Loans in East Lynne, Missouri

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

Company nameAddressZip codePhone number
Community State Bank 300 E Hazel St, Clarence, MO 63437 +1 (660) 699 - 3666
Central Bank 500 S Broadway, Oak Grove, MO 64075 +1 (816) 690 - 8484
Tower Loan 808 W Broadway St, West Plains, MO 65775 +1 (417) 256 - 3801
Community Bank of Memphis 112 E Madison St, Memphis, MO 63555 +1 (660) 465 - 8501
World Finance Corporation 1126 W Pearce Blvd #112, Wentzville, MO 63385 +1 (636) 327 - 5574
LendNation 1720 N Walnut St Suite A, Cameron, MO 64429 +1 (816) 632 - 6600
Cash-N-Go 123 W Main St, Richmond, MO 64085 +1 (816) 470 - 8230
Simmons Bank 21159 Main St, Reeds Spring, MO 65737 +1 (417) 272 - 1288
Sun Loan Company 400 Johnson Dr Ste B, Nevada, MO 64772 +1 (417) 667 - 6500
Mid-American Title Loans 1424 E Kearney St, Springfield, MO 65803 +1 (417) 831 - 3100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in East Lynne, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Independence, MO, Payday Loans in Jefferson City, MO, Online Loans in Joplin, MO, Payday Loans in Kansas City, MO, Online Loans in Lee's Summit, MO, Payday Loans in Liberty, MO, Guaranteed Loans in Saint Charles, MO and Payday Loans in Saint Joseph, 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 East Lynne, MO.

Beautiful sights of East Lynne, MO

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

64743

Are Payday Loans Legal In East Lynne, 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

East Lynne, MO payday loan calculator

Payday Loans in East Lynne, Missouri

Payday loans are a type of short-term loan that has become increasingly popular in recent years. These loans are typically used to cover unexpected expenses or to bridge the gap between paychecks, and they usually have to be repaid within a few weeks. In Missouri, payday loans are legal, but there are strict guidelines that lenders must follow in order to operate within the law.

How do Payday Loans Work?

When you apply for a payday loan, you’ll typically be asked to provide proof of income and a checking account. The lender will then use this information to determine how much you’re eligible to borrow, and they’ll typically deposit the money directly into your checking account.

Since payday loans are short-term loans, they usually come with high interest rates and fees. This is why they’re often referred to as “predatory loans” – they can be easy to get, but they can also be very expensive to repay.

What are the Rules and Regulations for Payday Loans in Missouri?

If you’re considering getting a payday loan in Missouri, it’s important to be aware of the state’s regulations. According to Missouri law, lenders can charge up to 75% of the loan amount in interest and fees. However, they are also required to follow a number of other guidelines, including:

  • Lenders cannot charge more than $75 in fees for a $100 loan
  • Borrowers can only have one outstanding payday loan at a time
  • Lenders must provide borrowers with a written agreement that includes all of the loan terms and conditions
  • Lenders cannot threaten to use criminal action against borrowers

Pros and Cons of Payday Loans

While payday loans can be a convenient way to get quick cash when you need it, there are also some potential downsides to be aware of. Here are some of the pros and cons:

Pros:

  • Easy to get, even with bad credit or no credit history
  • Quick access to cash when you have an unexpected expense
  • Fewer qualification requirements than traditional loans

Cons:

  • High interest rates and fees
  • Short repayment terms can make it difficult to pay off the loan on time
  • Can become a cycle of debt if the borrower has to continually take out new loans to repay old ones
  • Some lenders may use predatory tactics to take advantage of financially vulnerable borrowers

Interesting Facts and Statistics About Payday Loans in East Lynne, Missouri

  • According to the Consumer Financial Protection Bureau, the average payday loan in Missouri is $314, and the average APR is 455%.
  • In 2019, a bill was introduced in the Missouri House of Representatives that would have capped payday loan interest rates at 36%. However, the bill did not advance out of committee.
  • In 2018, there were approximately 1,200 licensed payday lenders operating in Missouri.

Apply Now

If you’re considering a payday loan in East Lynne, Missouri, TheGuaranteedLoans can help you find potential lenders. Simply fill out our online application form to get started. It’s important to remember that we are a connector service, not a direct lender – we simply facilitate your connection with potential lenders.

When filling out the application, be sure to provide accurate information about your income and employment status. This will help lenders determine whether or not you’re eligible for a loan, and how much you can borrow.

Remember, while payday loans can be a convenient way to get quick cash, they can also be very expensive and can lead to a cycle of debt if not repaid on time. Be sure to carefully consider the pros and cons before deciding whether or not to take out a payday loan.

F.A.Q.

Are there any protections for borrowers in East Lynne, Missouri when it comes to payday loans?

Yes, the state of Missouri has several laws in place to protect borrowers from predatory lending practices. These laws include limits on interest rates, fees, and loan terms, as well as requirements for lenders to provide borrowers with clear information about the terms of their loans.

What are the eligibility requirements for payday loans in East Lynne, Missouri?

To be eligible for a payday loan in East Lynne, Missouri, you must be 18 years or older and have a regular source of income.