Payday Loans in Louisburg, Missouri

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

Company nameAddressZip codePhone number
World Acceptance 709 S Broadway, Oak Grove, MO 64075 +1 (816) 625 - 3017
Community Bank & Trust 1102 Cherokee Ave, Seneca, MO 64865 +1 (417) 776 - 2221
Empire Finance of Kennett 1011 Independence Ave, Kennett, MO 63857 +1 (573) 888 - 9599
Bank of Advance 1428 West Business US Highway 60, Dexter, MO 63841 +1 (573) 624 - 1500
Missouri Title Loans, Inc. 12104 Blue Ridge Blvd, Grandview, MO 64030 +1 (816) 763 - 0373
World Finance 128 N Cedar St, Nevada, MO 64772 +1 (417) 549 - 6255
B & T Payday Loans 200 US-54, El Dorado Springs, MO 64744 +1 (417) 876 - 6010
Security Finance 3611 Main St Ste 107, Kansas City, MO 64111 +1 (816) 561 - 4774
Unico Bank 1001 Cedar St, Bismarck, MO 63624 +1 (573) 734 - 2511
Security Finance 1025 1st St, Kennett, MO 63857 +1 (573) 888 - 6363

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Louisburg, 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, Bad Credit Loans in Joplin, MO, 24-Hour Loan in Kansas City, MO, Payday Loans in Lee's Summit, MO, 24-Hour Loan 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 Louisburg, MO.

Beautiful sights of Louisburg, MO

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

65685

Are Payday Loans Legal In Louisburg, 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

Louisburg, MO payday loan calculator

Understanding Payday Loans in Louisburg, Missouri

Missouri is among the 32 states in America where payday loans are legal. These loans are small-dollar, short-term loans that are repayable on your next payday, hence the name ‘payday loans.’ They are a quick-fix solution for people who face sudden financial emergencies or are unable to access traditional loans due to a lack of credit history or poor credit scores.

In this article, we are going to focus on payday loans in Louisburg, Missouri. We’ll cover everything you need to know about these loans, including where to get them, how to qualify, the interest rates, and more.

The Laws on Payday Loans in Louisburg, Missouri

As previously mentioned, payday loans are legal in Missouri. The state’s laws stipulate that lenders are allowed to loan up to $500 to borrowers. The loans are expected to be repaid within 31 days, and borrowers can only have one outstanding payday loan at a time.

That said, it’s crucial to be cautious when taking out a payday loan. While they are legal, some unsavory lenders can take advantage of borrowers by charging exorbitant fees and interest rates. In Missouri, lenders can charge 75% of the principal amount in interest and fees. This rate can add up quickly if you’re unable to pay the loan back on time.

Where to Apply for Payday Loans in Louisburg, Missouri

If you’re considering taking out a payday loan in Louisburg, Missouri, there are several lenders to choose from. It’s essential to do your research and find a reputable lender with reasonable fees and interest rates. Some of the top payday loan lenders in Missouri include:

  • CashNetUSA
  • Check Into Cash
  • MoneyKey

Keep in mind that TheGuaranteedLoans is a connector service that connects borrowers with potential lenders. If you’re interested in applying for a payday loan in Louisburg, Missouri, you can fill out an online application on our website. We’ll help facilitate the connection between you and the most suitable lenders based on your loan needs.

How to Qualify for a Payday Loan in Louisburg, Missouri

Qualifying for a payday loan in Louisburg, Missouri, is relatively easy. Most lenders will require you to meet the following criteria:

  • Be at least 18 years of age.
  • Have a valid government-issued ID.
  • Have a regular source of income.
  • Have an active bank account.

It’s essential to note that while payday loans do not require a credit check, they can still affect your credit scores. If you’re unable to repay the loan on time, the lender may report your delinquency to the credit bureaus, which can harm your credit score.

The Risks of Payday Loans in Louisburg, Missouri

While payday loans can be tempting in times of financial emergencies, they do come with some inherent risks. Here are some of the downsides you should be aware of:

  • High fees and interest rates: As previously mentioned, Missouri’s laws allow payday lenders to charge as much as 75% in fees and interest rates.
  • Roll-over fees: If you’re unable to repay the loan on time, the lender may allow you to ‘roll-over’ the loan. However, this comes at an additional fee.
  • Debt trap: Since the loans are due on your next payday, you may find yourself in a cycle of borrowing. This can cause a significant financial strain, especially if you’re unable to afford the fees and interest rates.

Interesting Facts and Statistics About Payday Loans in Louisburg, Missouri

  • According to data from the Missouri Division of Finance, payday lenders in Missouri issued over 1.8 million loans in 2019.
  • The average payday loan amount in Missouri is $315.
  • Payday lenders in Missouri charge an average interest rate of 452.31%.

Conclusion

Payday loans can be a lifesaver in times of financial emergencies. However, they come with some inherent risks that you should be aware of. If you’re considering taking out a payday loan in Louisburg, Missouri, ensure that you do your research and find a reputable lender with reasonable fees and interest rates.

At TheGuaranteedLoans, we’re here to help connect you with potential lenders without the hassle of going from lender to lender. You can fill out an online application on our website and let us help you find the best lender based on your loan needs.

Remember to only borrow what you can afford to repay and always read the loan agreement carefully before signing on the dotted line.

Apply Now

If you’re interested in taking out a payday loan in Louisburg, Missouri, fill out our online application today. Please note that TheGuaranteedLoans is a connector service that connects borrowers with potential lenders. We do not loan money directly to borrowers, and we do not decide loan terms or interest rates.

F.A.Q.

Are there any protections for borrowers in Louisburg, 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 Louisburg, Missouri?

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