Payday Loans in Hopkins, Missouri

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

Company nameAddressZip codePhone number
The Loan Machine 3635 N Lindbergh Blvd, Hazelwood, MO 63044 +1 (314) 291 - 7456
Simmons Bank 1599 Porter Wagoner Blvd, West Plains, MO 65775 +1 (417) 255 - 2626
St. Louis Community Credit Union 280 S Service Rd W, Sullivan, MO 63080 +1 (314) 534 - 7610
Heights Finance Corporation 2640 E 32nd St, Joplin, MO 64804 +1 (417) 782 - 3800
Courtesy Loans 5 N Lafayette Ave, Marshall, MO 65340 +1 (660) 886 - 9922
King of Kash - Warrenton 603 E Veterans Memorial Pkwy, Warrenton, MO 63383 +1 (636) 456 - 0606
Sun Loan Company 2015 Jefferson St Ste 10, Perryville, MO 63775 +1 (573) 605 - 7020
Royal Alliance Associates Inc 3556 S Culpepper Cir 4B, Springfield, MO 65804 +1 (417) 887 - 2613
Citizen's Bank 105 S Old Highway 71, Adrian, MO 64720 +1 (816) 297 - 4470
Missouri Federal Savings Bank 515 Platte-Clay Way, Cameron, MO 64429 +1 (816) 632 - 7506

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hopkins, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Saint Louis, MO, Payday Loans in Saint Peters, MO, 24-Hour Loan in Springfield, MO, Payday Loans in Wentzville, MO, Payday Loans in Ballwin, MO, Payday Loans in Blue Springs, MO, Payday Loans in Cape Girardeau, MO and Same Day Loans in Chesterfield, 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 Hopkins, MO.

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

64461

Are Payday Loans Legal In Hopkins, 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

Hopkins, MO payday loan calculator

Understanding Payday Loans in Hopkins, Missouri

Payday loans are a popular type of short-term loan option for individuals who need quick cash to cover unexpected expenses. In Hopkins, Missouri, payday loans are legal and regulated by state law. If you are considering taking out a payday loan in Hopkins, Missouri, it is important to understand how they work and the potential risks and benefits associated with them.

How Payday Loans Work

Payday loans typically range from $100 to $1,000 and are meant to be repaid within two to four weeks. The borrower writes a post-dated check for the loan amount, plus a fee, to the lender. On the due date, the lender cashes the check, and the loan is repaid. If the borrower is unable to repay the loan on the due date, they may extend the loan for an additional fee.

Payday loans are often marketed as a convenient and fast way to get cash when you need it. However, they also come with high fees and interest rates. In Missouri, lenders are allowed to charge up to 75% of the loan amount in fees and interest. This means that if you borrow $500, you may have to pay up to $375 in fees and interest on top of the original loan amount.

The Risks and Benefits of Payday Loans

Payday loans can be helpful for individuals who need quick cash for unexpected expenses, such as medical bills or car repairs. However, they also come with significant risks, particularly for individuals who are unable to repay the loan on the due date.

If you are unable to repay the loan on the due date, you may be subject to additional fees and interest rates, which can quickly add up and result in a cycle of debt. Additionally, if you bounce a check or fail to repay the loan, it could harm your credit score and make it more difficult to obtain credit in the future.

It is important to carefully consider the risks and benefits of payday loans before taking one out. If possible, explore other options, such as borrowing from friends or family, negotiating with creditors, or applying for a traditional bank loan.

Interesting Facts and Statistics about Payday Loans in Hopkins, Missouri

  • The average payday loan amount in Missouri is $307.
  • In Missouri, lenders are required to display their fees and interest rates prominently and provide borrowers with a written agreement outlining the terms of the loan.
  • In 2019, Missouri legislators attempted to cap the interest rates that payday lenders could charge at 36%. However, the bill failed to pass.

Apply Now

If you need a payday loan in Hopkins, Missouri, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application today, and we will work to match you with a lender who fits your needs. Remember, we are a connector service and not a direct lender, so we cannot guarantee approval or loan terms.

At TheGuaranteedLoans, we are committed to providing our customers with accurate information and reliable loan options. Contact us today to learn more about payday loans and other loan options available to you.

F.A.Q.

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

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

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

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