Payday Loans in Racine, Missouri

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
World Finance 126 Corum Rd, Excelsior Springs, MO 64024 +1 (816) 637 - 2324
Heights Finance Corporation 1735 W Sunshine St, Springfield, MO 65807 +1 (417) 882 - 8400
Thrivent Financial for Lutherans 303 Ward Ave, Caruthersville, MO 63830 +1 (573) 880 - 5460
Prudential Dennis Schubert Life Insurance & Annuities 909 Missouri Blvd suite c, Jefferson City, MO 65109 +1 (573) 635 - 9542
American Bank of Missouri 101 N Cherry St, Middletown, MO 63359 +1 (573) 549 - 2814
Check `n Go 1448 E Kearney St, Springfield, MO 65803 +1 (417) 864 - 0819
First State Community Bank 4767 State Rd B, Hillsboro, MO 63050 +1 (636) 789 - 4499
Cash Country 920 S Neosho Blvd, Neosho, MO 64850 +1 (417) 451 - 7670
Cash-Today 911 N Truman Blvd, Crystal City, MO 63019 +1 (636) 937 - 7171
Quick Cash 5441 Osage Beach Pkwy, Osage Beach, MO 65065 +1 (573) 302 - 7618

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Racine, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Ballwin, MO, Payday Loans in Blue Springs, MO, Online Loans in Cape Girardeau, MO, Guaranteed Loans in Chesterfield, MO, Payday Loans in Columbia, MO, Payday Loans in Florissant, MO, Same Day Loans in Independence, MO and Payday Loans in Jefferson 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 Racine, MO.

Are Payday Loans Legal In Racine, 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

Racine, MO payday loan calculator

Payday Loans: Understanding the Ins and Outs in Racine, Missouri

Payday loans are legal in the state of Missouri, and many residents of Racine turn to payday lending to cover unexpected expenses or make ends meet between paychecks. If you’re considering a payday loan in Racine, it’s important to understand the pros and cons of these financial products, as well as the rules and regulations that govern them.

What are Payday Loans?

A payday loan is a short-term loan typically used to cover unexpected expenses or bills that arise before your next paycheck. These loans are often considered a form of emergency funding, as they target individuals who need a small amount of cash quickly and who may not have access to other forms of credit.

Payday loans are typically secured against the borrower’s upcoming paycheck, meaning that they are expected to be repaid in full within a few weeks. In Racine, Missouri, the maximum amount that can be borrowed through a payday loan is $500, with a maximum term of 31 days.

The Pros and Cons of Payday Loans

Pros

  • Quick access to cash: If you’re facing an unexpected expense or bill and don’t have the cash on hand to cover it, a payday loan can provide you with the funds you need within hours.
  • No credit check: Unlike traditional forms of credit, payday loans typically don’t require a credit check, making them accessible to individuals with a poor credit history or no credit history at all.
  • No collateral required: Payday loans are typically unsecured, meaning that borrowers don’t have to put up any collateral to secure the loan.

Cons

  • High interest rates: Payday loans often come with high interest rates, sometimes as high as 400% or more. This can make it difficult to repay the loan in full within the term, leading to a cycle of debt where borrowers take out additional loans to cover the original loan.
  • Potential for late fees and penalties: If you’re unable to repay your payday loan on time, you may face additional fees and penalties from the lender.
  • No ability to build credit: Unlike traditional forms of credit, payday loans aren’t reported to credit bureaus, meaning they don’t offer an opportunity to build your credit score.

Rules and Regulations in Racine, Missouri

In Missouri, payday loans are legal and regulated by state law. Lenders must be licensed by the Missouri Division of Finance, and there are limits on the amount and term of payday loans that can be issued.

In Racine, Missouri, the maximum loan amount that can be issued through a payday loan is $500, with a maximum term of 31 days. Lenders are also required to disclose the APR associated with the loan, as well as any fees or charges that may apply.

Interesting Facts and Statistics about Payday Loans in Racine, Missouri

  • In Missouri, payday loans have an average APR of 462.78%, making them one of the most expensive forms of credit available.
  • Approximately 1 in 10 adults in Missouri have taken out a payday loan in the past year.
  • The average payday loan in Missouri is for $310, with an average term of 17 days.

Apply Now

At TheGuaranteedLoans, we specialize in connecting individuals in Racine and throughout Missouri with potential lenders offering payday loans. We understand that unexpected expenses can arise at any time, and we’re committed to helping our clients access the funding they need to cover these expenses.

If you’re considering a payday loan, we encourage you to fill out our online application to get started. Our application process is fast, secure, and confidential, and we’ll work tirelessly to connect you with potential lenders who can meet your financial needs.

Please note that while we are a connector service, we are not a direct lender, and we don’t make lending decisions. Instead, we aim to facilitate connections between borrowers and potential lenders, helping our clients access the funding they need to cover their unexpected expenses.

F.A.Q.

Are there any limits on the amount that can be borrowed?

Yes, in Racine, Missouri the maximum amount that can be borrowed is $500.

How long do I have to repay the loan?

Payday loans in Racine, Missouri must be repaid within 14-31 days.