Payday Loans in Koeltztown, Missouri

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

Company nameAddressZip codePhone number
Sullivan Bank 13932 N, MO-5, Sunrise Beach, MO 65079 +1 (573) 374 - 5245
AAA Check Advance 1005 N Kingshighway St, Cape Girardeau, MO 63701 +1 (573) 339 - 1565
Security Finance 125 S Broadview St 4, Cape Girardeau, MO 63703 +1 (573) 651 - 3833
Empire Finance of Dexter #EMS 15 E Stoddard St, Dexter, MO 63841 +1 (573) 614 - 4813
HOMEBANK 400 S Main St, Palmyra, MO 63461 +1 (573) 769 - 2001
Regional Finance 113 N Westwood Blvd, Poplar Bluff, MO 63901 +1 (573) 300 - 4092
Show-Me Check Cashers MO-86, Cassville, MO 65625 +1 (417) 271 - 4701
Check `n Go 1961 Wentzville Pkwy, Wentzville, MO 63385 +1 (636) 327 - 7712
Empire Finance 5 Northport Plaza, Hannibal, MO 63401 +1 (573) 231 - 0115
Security Finance 113 N Main Ave, Bolivar, MO 65613 +1 (417) 326 - 2478

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Koeltztown, MO, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Cape Girardeau, MO, Payday Loans in Chesterfield, MO, Payday Loans in Columbia, MO, 24-Hour Loan in Florissant, MO, Payday Loans in Independence, MO, Online Loans in Jefferson City, MO, Payday Loan Without a Credit Check in Joplin, MO and Payday 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 Koeltztown, MO.

Are Payday Loans Legal In Koeltztown, 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

Koeltztown, MO payday loan calculator

Payday Loans in Koeltztown, Missouri: A Comprehensive Guide

If you’re in need of some fast cash in Koeltztown, Missouri, and don’t have the credit to secure a traditional loan, you may be considering a payday loan. In Missouri, payday loans are legal and regulated, making them a viable option for many who need quick access to funds to cover unexpected expenses.

What is a Payday Loan?

A payday loan is a short-term, high-interest loan designed to help borrowers cover unforeseen expenses until their next paycheck arrives. These loans typically have a term of two to four weeks, and the amount borrowers can request ranges from $50 to $500 or more.

  • Interest rates for payday loans can be as high as 455%, making them an expensive form of credit.
  • Payday loans don’t require collateral, and lenders typically don’t run a credit check.
  • Borrowers must provide proof of income, such as a pay stub, to qualify for a payday loan.
  • Payday loans are legal and regulated in Missouri, but borrowers need to be aware of the risks and costs associated with these loans.

How Do Payday Loans Work?

When a borrower takes out a payday loan, they agree to repay the loan with interest on their next payday. The lender may require the borrower to provide a post-dated check or electronic access to their bank account as collateral for the loan. If the borrower can’t repay the loan on their next payday, they may be charged additional fees and interest, leading to a cycle of debt.

Missouri law requires payday lenders to give borrowers a written agreement that outlines the terms and conditions of the loan, including the interest rate, fees, and repayment schedule. Borrowers should read this agreement carefully before signing to ensure they understand the costs and risks associated with the loan.

Benefits of Payday Loans

Payday loans can be a valuable resource for those who need quick cash to cover unexpected expenses. Some benefits of payday loans include:

  • Fast access to funds, often within 24 hours
  • No credit check required, making them accessible to borrowers with poor credit
  • Can be used for any purpose, including medical bills, car repairs, and rent

Risks of Payday Loans

While payday loans can be helpful in an emergency, their high interest rates and short repayment terms can lead to a cycle of debt and financial instability. Some risks associated with payday loans include:

  • High interest rates and fees, making them an expensive form of credit
  • Short repayment terms can lead to a cycle of debt
  • No protection from predatory lending practices
  • Can negatively impact credit scores if not repaid on time

Interesting Facts and Statistics about Payday Loans in Koeltztown, Missouri

According to a recent study, the average payday loan amount in Missouri is $307, and the average length of a loan is 18 days. The study also found that payday loan borrowers in Missouri are typically low-income individuals who use these loans to cover basic living expenses, such as rent, utilities, and groceries. Additionally, Missouri has the highest number of payday loan storefronts per capita in the United States, with one storefront for every 4,582 residents.

Apply Now

Need cash fast? Apply for a payday loan today through TheGuaranteedLoans. As a connector service, we will pair you with potential lenders who can provide the funds you need. Note: TheGuaranteedLoans is not a direct lender and does not make credit decisions. We are a connector service that facilitates your connection with potential lenders. Apply now to get started.

In conclusion, payday loans can be a useful tool for those in need of fast cash, but they come with risks and should be used with caution. Be sure to read and understand the terms and conditions of your loan agreement, and only borrow what you can reasonably afford to repay.

F.A.Q.

Can I get a payday loan from more than one lender at a time in Koeltztown, Missouri?

No, it is illegal to have multiple payday loans from different lenders at the same time in Koeltztown, Missouri.

How do I repay my payday loan in Koeltztown, Missouri?

Most payday lenders in Koeltztown, Missouri will automatically withdraw the loan amount plus fees and interest from your checking account on the due date.