Payday Loans in Steedman, Missouri

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

Company nameAddressZip codePhone number
Tower Loan 600 Dairy St b, Monett, MO 65708 +1 (417) 236 - 0900
Advance America 165 S. Town Blvd, Ste D, Hollister, MO 65672 +1 (417) 336 - 1495
Check Into Cash 1011 N Morley St, Moberly, MO 65270 +1 (660) 263 - 5504
Check Into Cash 1020 E Main St b, Union, MO 63084 +1 (636) 584 - 8826
Banterra Bank 99 Prairie Dr, East Prairie, MO 63845 +1 (573) 649 - 5146
Show-Me Check Cashers MO-86, Cassville, MO 65625 +1 (417) 271 - 4701
Advance America 890 S. 291 Hwy., Liberty, MO 64068 +1 (816) 415 - 1685
Premium Home Loans 300 Corporate Pl c, Branson, MO 65616 +1 (417) 337 - 5600
Walmart Money Center 94 Cecil St, Camdenton, MO 65020
First State Community Bank 100 S 4th St, Moberly, MO 65270 +1 (660) 263 - 6649

Payday Loan Companies in Nearby Cities

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

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

65077

Are Payday Loans Legal In Steedman, 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

Steedman, MO payday loan calculator

Payday Loans in Steedman, Missouri: A Comprehensive Guide

When financial emergencies strike, it can be challenging to make ends meet. Payday loans are one of the quickest ways to secure cash during such times, but many individuals aren’t knowledgeable about the services they offer or their implications. In this article, we’ll guide you through the payday loans landscape in Steedman, Missouri, ensuring that you make informed decisions.

What are Payday Loans?

Payday loans, also known as cash advances, are short-term loans designed to help individuals bridge the financial gap between paychecks. Borrowers write a post-dated check to their lenders for the amount they’re borrowing plus lender fees and interest before receiving the cash. At the loan’s endpoint, the borrower must repay the amount borrowed, additional fees, and interest.

Payday loans appeal to individuals with low credit scores or who have difficulty obtaining loans through traditional financial institutions. They usually do not perform thorough credit checks or hard inquiries, making them accessible to nearly everyone. The application process is simple, with most lenders providing instant approval.

Payday Loans in Steedman, Missouri: Legal Status

Payday loans are legal in Missouri and widely available. Missouri has regulations that limit the amount of interest that payday lenders can charge borrowers. In Steedman, Missouri, the maximum interest rate is determined by the loan principal:

  • On the first $100 of your loan – 10% interest rate
  • On any amount between $100 and $200 – 3% interest rate
  • On any amount above $200 – 2.5% interest rate

Although payday loans are legal, borrowers should exercise caution and take responsible steps in determining their ability to repay before applying. Late or missed payments may cause additional fees and interest to accrue, leading to financial distress.

Important Things to Know About Payday Loans in Steedman

Before applying for a payday loan in Steedman, Missouri, here are some important points to consider:

Loan Amounts and Fees

The maximum amount a borrower may receive is $500, with a repayment period of up to 31 days. Missouri has put a limit on the lender fees, which cannot exceed 75% of the loan principal.

Rollovers and Renewals

Missouri does not allow loan rollovers or renewals. A borrower must pay off the current loan amount entirely and wait a minimum of 24 hours before applying for a new one.

Credit Score and Repayment Ability

Lenders require borrowers to provide identification and proof of income to qualify for a loan. Unlike traditional lenders, they typically do not conduct thorough credit checks or require extensive paperwork.

Interesting Facts and Statistics about Payday Loans in Steedman, Missouri

  • Missouri has over 1,000 payday lenders, making it one of the highest concentrations in the United States.
  • Payday loans’ average APR in Missouri is 455%, higher than the national average of 391%.
  • The average payday loan in Missouri is $307, and the average borrower takes out eight loans per year.

Apply Now for a Payday Loan with TheGuaranteedLoans

TheGuaranteedLoans is a connector service that connects borrowers with potential lenders. We’re here to help you find the best option for your financial needs. We suggest that you take the necessary precautions, including verifying potential lenders’ credentials, before obtaining a loan. You can apply now through our website and receive cash in your account as soon as possible.

Don’t let financial difficulties hold you back. Apply for a payday loan today and get the cash you need to get your life back on track.

F.A.Q.

Can I renew or extend my payday loan?

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

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

Yes, payday lenders in Steedman, 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.