Payday Loans in Pomona, Missouri

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

Company nameAddressZip codePhone number
Commerce Bank 1102 Bradley St, Festus, MO 63028 +1 (314) 746 - 3002
Check Into Cash 1020 E Main St b, Union, MO 63084 +1 (636) 584 - 8826
World Finance Corporation 2308 W Osage St, Pacific, MO 63069 +1 (636) 257 - 9033
Bluff Fast Cash 2201 N Westwood Blvd, Poplar Bluff, MO 63901 +1 (573) 776 - 1999
ABC Payday Loans 131 Main St, Troy, MO 63379 +1 (636) 462 - 8828
Check `n Go 805 E Nifong Blvd e, Columbia, MO 65201 +1 (573) 449 - 5250
BTC Bank 1505 S Ash St, Buffalo, MO 65622 +1 (417) 345 - 2113
Delta Finance 109 E 10th St, Kansas City, MO 64106
Kirksville Quick Cash 2118 N Baltimore St, Kirksville, MO 63501 +1 (660) 627 - 2274
Farmers State Bank MO-64, Pittsburg, MO 65724 +1 (417) 852 - 4330

Payday Loan Companies in Nearby Cities

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

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

65789

Are Payday Loans Legal In Pomona, 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

Pomona, MO payday loan calculator

Understanding Payday Loans in Pomona, Missouri

Payday loans are a type of short-term loan that is typically due on the borrower’s next payday. These loans are designed to help individuals cover unexpected expenses or bridge a gap between paychecks. In Pomona, Missouri, payday loans are legal and regulated by state law.

How Payday Loans Work in Pomona

Payday loans in Pomona, Missouri can be obtained from both online and in-store lenders. The process of getting a payday loan is usually straightforward and can be completed in just a few steps.

  • The borrower fills out an application form, including personal and financial information.
  • The lender will assess the borrower’s eligibility and financial capacity to repay the loan, including a credit check in most cases.
  • If approved, the borrower will receive the funds in their checking account, on a prepaid debit card, or as cash (depending on the lender and option chosen).
  • On the borrower’s next payday (usually within two weeks), the loan and fees are due. The lender may cash the check or withdraw funds directly from the borrower’s account.

It’s essential to read and understand the loan agreement carefully and ask any questions before signing. Be aware of the fees and interest rates, which can be high for payday loans.

Regulations for Payday Loans in Missouri

Like many other states, Missouri has specific regulations for payday loans to protect borrowers from predatory lending practices. The following regulations apply to payday loans in Pomona, Missouri:

  • The maximum loan amount is $500, with a minimum repayment term of 14 days.
  • The maximum interest rate is 75% per year and a maximum APR of 1,950% for a 14-day loan.
  • Borrowers cannot have more than one payday loan at a time, and there is a cooling-off period of at least one day between loans.
  • Lenders must show all loan fees and charges in writing before signing a loan agreement.

It’s crucial to work with a licensed lender and ask about any additional fees before agreeing to a loan. If you think a lender has violated state regulations, you can file a complaint with the Missouri Division of Finance.

Interesting Facts about Payday Loans in Pomona, Missouri

  • According to recent data, about 2.43 million Missouri residents live below the poverty line. Payday lending may be more common in areas with a high poverty rate where people may struggle to make ends meet.
  • The average payday loan in Missouri is $313, and borrowers pay an average interest rate of 444%.
  • Missouri payday lenders made more than 1.3 million loans in 2019, totaling more than $1.1 billion in loan volume.

Apply Now

If you need a payday loan in Pomona, Missouri, TheGuaranteedLoans can help connect you with potential lenders that can meet your financial needs. To start the process, fill out an application on our website, providing accurate personal and financial information.

Keep in mind that TheGuaranteedLoans is a connector service, not a direct lender. We work with a vast network of reputable lenders to find a loan that suits you best. We understand that time is of the essence when it comes to payday loans, so we strive to make the process as fast and straightforward as possible.

In conclusion

Payday loans can be a helpful financial tool for individuals facing unexpected expenses or cash flow shortages. However, it’s essential to understand the costs and regulations before applying for a payday loan in Pomona, Missouri. By knowing your rights and working with licensed lenders, you can avoid falling into a cycle of debt and maintain financial stability.

F.A.Q.

Can I renew or extend my payday loan?

No, payday loans in Pomona, Missouri cannot be renewed or extended.

Are there any fees associated with payday loans in Pomona, Missouri?

Yes, payday lenders in Pomona, Missouri are allowed to charge a maximum interest rate of 75% per year on the loan amount. There may also be additional fees for late or non-payment.