Payday Loans in Grayridge, Missouri

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

Company nameAddressZip codePhone number
TitleMax Title Loans 342 S 291 Hwy, Suite A, Liberty, MO 64068 +1 (816) 883 - 2654
Cash Biz 1551 Denmark Rd, Union, MO 63084 +1 (636) 583 - 9555
U.S. Bank Branch 17896 Highway 67 S, Neelyville, MO 63954 +1 (573) 989 - 3253
Citizens Bank & Trust 816 Main St, Trenton, MO 64683 +1 (660) 359 - 2232
Title Cash 405 W Karsch Blvd, Farmington, MO 63640 +1 (573) 747 - 1903
Mercantile Bank 123 W Lafayette St, Palmyra, MO 63461 +1 (573) 769 - 2134
Schaefer Stephen CPA 116 E 1st St 1, Mountain Grove, MO 65711 +1 (417) 926 - 3205
Supreme Lending 1200 NW S Outer Rd Suite 101, Blue Springs, MO 64015 +1 (816) 373 - 3232
Check Into Cash 774 Market St, Farmington, MO 63640 +1 (877) 244 - 8254
A1 Premium Acceptance 271 US-60, Republic, MO 65738 +1 (417) 732 - 7748

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Grayridge, MO, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Independence, MO, Bad Credit Loans in Jefferson City, MO, Payday Loan for Joplin, MO, Payday Loans in Kansas City, MO, Short-term Loans in Lee's Summit, MO, Payday Loans in Liberty, MO, Payday 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 Grayridge, MO.

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

63850

Are Payday Loans Legal In Grayridge, 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

Grayridge, MO payday loan calculator

Payday Loans in Grayridge, Missouri

Payday loans, also known as cash advances, are a popular form of short-term lending. While they can be helpful in certain situations, payday loans come with high-interest rates and fees that can trap borrowers in a cycle of debt. If you’re considering a payday loan in Grayridge, Missouri, it’s important to understand the risks and alternatives.

Legality of Payday Loans in Missouri

Payday loans are legal in Missouri, but the state has put in place regulations to protect consumers. Under Missouri law, payday lenders can charge up to 75% of the loan amount in fees and interest. For example, on a $500 loan, a lender can charge up to $375 in fees. Payday loans in Missouri can have terms up to 31 days, and borrowers can take out up to $500 at a time.

Risks of Payday Loans

While payday loans can be helpful in emergency situations, they come with significant risks. The high fees and interest rates associated with payday loans make it difficult for borrowers to repay the debt on time. The Consumer Financial Protection Bureau found that nearly 20% of payday loan borrowers default on their loan, putting them in a worse financial situation than before they took out the loan.

In addition to the high costs, payday loans can also negatively impact your credit score. Payday lenders do not typically report to the major credit bureaus, but if a borrower defaults on the loan and it goes to collections, it will appear on their credit report and lower their score.

Alternatives to Payday Loans

If you need cash quickly and can’t borrow from friends or family, there are alternatives to payday loans. For example, you could consider a personal loan from a bank or credit union. Personal loans have lower interest rates and longer repayment terms than payday loans, making them a more affordable option.

You could also look into community assistance programs or local charities that can provide emergency financial assistance. These programs may offer grants, interest-free loans, or other forms of assistance that can help you get through a financial crisis without resorting to payday loans.

Interesting Facts and Statistics about Payday Loans in Grayridge, Missouri

  • Grayridge, Missouri is a small unincorporated community located in Stoddard County.
  • The median household income in Grayridge is $30,583, compared to the Missouri state median of $53,578.
  • In Missouri, the average payday loan borrower takes out eight loans per year.
  • Payday lenders in Missouri made $1.3 billion in loans in 2019

Apply Now

If you have weighed your options and decide that a payday loan is the right choice for you, TheGuaranteedLoans can help connect you with potential lenders. Keep in mind that TheGuaranteedLoans is not a direct lender and does not make credit decisions. We are a connector service that facilitates the connection between borrowers and lenders. To get started, fill out our online application and we will match you with lenders who may be able to provide you with the loan you need.

Note: Payday loans should be a last resort and used only in emergency situations. Make sure to read the terms and conditions carefully before accepting a loan and ensure that you will be able to repay the debt on time to avoid additional fees and negative impacts to your credit score.

F.A.Q.

Is it possible to extend the due date for a payday loan in Grayridge, Missouri?

No, Missouri law does not allow for the extension of payday loan due dates. Borrowers must repay the loan in full on the agreed upon date.

Can I take out a payday loan if I have bad credit or a bankruptcy on my record?

Yes, payday lenders do not typically perform credit checks, so your credit history will not impact your eligibility for a payday loan.