Payday Loans in Newtonia, Missouri

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

Company nameAddressZip codePhone number
Central Bank 3848 Osage Beach Pkwy, Osage Beach, MO 65065 +1 (573) 348 - 2761
Title Cash 1125 W Pearce Blvd, Wentzville, MO 63385 +1 (636) 639 - 5812
Western Union 200 Grand Summer Fresh, Greenfield, MO 65661 +1 (417) 637 - 2160
Quick Cash 237 S Broadview St, Cape Girardeau, MO 63703 +1 (573) 332 - 0680
Sun Loan Company 1418 Missouri Blvd c, Jefferson City, MO 65101 +1 (573) 636 - 8708
Sun Loan Company 760 S Westwood Blvd, Poplar Bluff, MO 63901 +1 (573) 785 - 5400
Check n Go 6892 Parker Rd, Florissant, MO 63033 +1 (314) 355 - 9393
Gemini Funding 120 W 4th St, Carthage, MO 64836 +1 (417) 359 - 9391
Check Into Cash 503 E Nifong Blvd # H, Columbia, MO 65201 +1 (877) 244 - 8254
New Era Bank 11 E Liberty St, Farmington, MO 63640 +1 (573) 756 - 6728

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Newtonia, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Lee's Summit, MO, Bad Credit Loans in Liberty, MO, Payday Loan Companies in Saint Charles, MO, Payday Loans in Saint Joseph, MO, Emergency Loan in Saint Louis, MO, Payday Loans in Saint Peters, MO, Short-term Loans in Springfield, MO and Bad Credit Loans in Wentzville, 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 Newtonia, MO.

Beautiful sights of Newtonia, MO

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

64853

Are Payday Loans Legal In Newtonia, 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

Newtonia, MO payday loan calculator

Payday Loans in Newtonia, Missouri: Everything You Need to Know

Payday loans, or cash advance loans, are a type of short-term loan that can help individuals bridge the gap between paychecks. These loans are especially helpful for those experiencing unexpected financial emergencies or for those who are unable to access traditional loans due to poor credit or financial history.

If you live in Newtonia, Missouri, you should be aware of the laws and regulations surrounding payday loans. In this article, we’ll provide you with everything you need to know about payday loans in Newtonia, Missouri, including how they work, the benefits and risks, and the laws and regulations governing these loans.

How Do Payday Loans Work?

Payday loans are typically small loans that borrowers repay on their next payday. These loans are often advertised as a quick and easy way to access cash when you need it most, as they typically require minimal documentation and credit checks. Borrowers can apply for payday loans online or in-person at a payday lender.

If you are approved for a payday loan, you will typically need to provide the lender with a post-dated check or authorize an electronic debit to repay the loan on your next payday. The lender will also charge a fee, which can range from $15 to $30 for every $100 borrowed.

The Benefits and Risks of Payday Loans

Payday loans can provide individuals with a needed financial cushion in times of emergency. However, they also come with significant risks that must be taken into consideration. On the plus side,

  • They provide quick access to cash that can help cover unexpected expenses.
  • They typically require minimal documentation and credit checks, making them accessible to individuals with poor credit or financial history.
  • They can help prevent late fees and other penalties from missed payments that can harm your credit score.

On the downside,

  • They have high-interest rates and fees that can make them extremely expensive for borrowers.
  • They can lead to a cycle of debt as borrowers may struggle to repay the loan on time, leading to additional fees and interest rates.
  • They can damage your credit score if you are unable to repay the loan on time.

Payday Loan Regulations in Newtonia, Missouri

Payday loans are legal in Missouri, but there are several laws and regulations in place to protect consumers from predatory lending practices. Here are the most important regulations that apply to payday loans in Newtonia, Missouri:

  • The maximum loan amount is $500.
  • The maximum loan term is 31 days.
  • The maximum finance charge is 75% of the loan amount.
  • Lenders must provide borrowers with a written agreement outlining the loan terms and conditions.
  • Lenders must comply with the Missouri Division of Finance’s regulations and licensing requirements.

Interesting Facts and Statistics About Payday Loans in Newtonia, Missouri

Here are some interesting facts and statistics about payday loans in Newtonia, Missouri:

  • As of 2021, there are over 1,000 payday lenders operating in Missouri.
  • In 2020, over 1 million payday loans were made in Missouri.
  • Missouri ranks fifth in the country for the number of payday lenders per capita.

Apply Now with TheGuaranteedLoans

If you are considering a payday loan in Newtonia, Missouri, TheGuaranteedLoans can help connect you with potential lenders who may be able to meet your borrowing needs. As a connector service, we are not a direct lender and do not make credit decisions. Instead, we work with a network of trusted lenders to help find financing options that work for you. To apply, simply fill out our online application and we will connect you with a lender shortly.

Remember, payday loans can be a risky financial decision, so it’s important to carefully consider the benefits and risks before applying. Make sure to read the loan agreement carefully and understand the costs and fees associated with the loan. With responsible borrowing and repayment, payday loans can help provide a much-needed financial cushion in times of emergency.

F.A.Q.

Can I apply for a payday loan if I have bad credit?

Yes, payday loans in Newtonia, Missouri do not require a credit check, so having bad credit will not disqualify you from applying.

Can a payday loan help improve my credit score in Newtonia, Missouri?

No, payday loans do not typically report to credit bureaus and therefore will not have an impact on your credit score. It is recommended to explore other options for improving your credit.