Payday Loans in Mercer, Missouri

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

Company nameAddressZip codePhone number
Hawthorn Bank 335 Chestnut St, Osceola, MO 64776 +1 (417) 646 - 8192
First State Community Bank 1015 MO-84, Hayti, MO 63851 +1 (573) 359 - 0359
Alltru Credit Union 1232 Wentzville Pkwy, Wentzville, MO 63385 +1 (636) 916 - 8300
Bank of Downing 101 W Prime St, Downing, MO 63536 +1 (660) 379 - 2373
Walmart Money Center 937 Park Cir Dr, Brookfield, MO 64628 +1 (660) 258 - 7416
Progressive Farm Credit Services 501 MO-162, Portageville, MO 63873 +1 (573) 379 - 3461
BTC Bank 2302 Main St, Boonville, MO 65233 +1 (660) 882 - 3132
Commercial Credit Management 111 N Orchard Blvd, Fair Grove, MO 65648 +1 (417) 759 - 7976
Bank Midwest 402 N Main St, Maryville, MO 64468 +1 (660) 582 - 2131
Payday Today 301 S Kyler, Monett, MO 65708 +1 (417) 235 - 1515

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mercer, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Columbia, MO, Payday Loans in Florissant, MO, Payday Loan for Independence, MO, Payday Loans in Jefferson City, MO, 24-Hour Loan in Joplin, MO, Payday Loan Companies in Kansas City, MO, Guaranteed Loans in Lee's Summit, MO and Payday Loans in Liberty, 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 Mercer, MO.

Beautiful sights of Mercer, MO

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

64661

Are Payday Loans Legal In Mercer, 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

Mercer, MO payday loan calculator

Are you in need of emergency funds in Mercer, Missouri? If so, you may be considering a payday loan. In Missouri, payday loans are legal, but it is important to understand the risks and benefits before taking out a loan. Here at TheGuaranteedLoans, we aim to provide you with the information you need to make an informed decision.

What is a payday loan?

A payday loan is a type of short-term loan that is typically repaid in full on the borrower’s next payday. These loans are often used by individuals who are experiencing financial emergencies or who have poor credit and cannot access other forms of credit. Payday loans typically have high interest rates, and borrowers may be required to pay additional fees and charges.

How do payday loans work in Mercer, Missouri?

In Mercer, Missouri, payday loans are legal and regulated by state law. According to Missouri law, borrowers can take out a payday loan for up to $500, and lenders can charge up to 75% interest on the loan. Additionally, lenders can charge additional fees and charges, including a finance charge of 10% of the loan amount. The loan term must be at least 14 days, and borrowers can renew the loan up to six times.

What are the risks of payday loans?

While payday loans can provide quick access to cash, they also come with significant risks. The high interest rates and fees associated with payday loans can trap borrowers in a cycle of debt, making it difficult to repay the loan and leading to additional fees and charges. Additionally, if a borrower defaults on a payday loan, it can damage their credit score and result in legal action from the lender.

What are the benefits of payday loans?

Despite the risks, there are some benefits to payday loans. For one, they can provide quick access to emergency funds for individuals who have no other options. Additionally, payday loans can be easier to obtain than other forms of credit, as lenders typically do not require a credit check or collateral.

Apply now

If you have decided that a payday loan is the right option for you, we can help. At TheGuaranteedLoans, we are a connector service that can help you find a lender that meets your needs. Our online application is easy to use and takes just minutes to complete. Keep in mind, however, that we are not a direct lender and cannot guarantee that you will be approved for a loan.

Interesting facts and statistics about payday loans in Mercer, Missouri

  • According to a report from the State of Missouri Division of Finance, there were over 1.3 million payday loans made in Missouri in 2019.
  • The same report found that borrowers paid over $176 million in fees and charges on payday loans in 2019.
  • In Mercer specifically, there are several payday lenders operating in the area, including Advance America and Check Into Cash.

Conclusion

Payday loans can be a useful tool for individuals in need of emergency funds, but they also come with significant risks. It is important to understand the terms and fees associated with a payday loan before taking one out, and to consider alternatives if possible. At TheGuaranteedLoans, we are here to help connect you with a lender that meets your needs and offer guidance throughout the process.

F.A.Q.

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

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

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

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