Payday Loans in Walnut Shade, Missouri

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

Company nameAddressZip codePhone number
Check Into Cash 1011 N Morley St, Moberly, MO 65270 +1 (660) 263 - 5504
Security Finance 105 Dell Centre Way, Union, MO 63084 +1 (636) 583 - 8777
Advance America 11902 Blue Ridge Ext Ste. E, Grandview, MO 64030 +1 (816) 761 - 1463
Payday Today 301 S Kyler, Monett, MO 65708 +1 (417) 235 - 1515
United States Postal Service 233 Illinois Ave Ste 1, Fort Leonard Wood, MO 65473 +1 (800) 275 - 8777
First State Community Bank 1450 Parkway W, Festus, MO 63028 +1 (636) 937 - 2265
Western-Shamrock Finance 2914 E 32nd St # 112A, Joplin, MO 64804 +1 (417) 627 - 0949
Advance America 1136 US-40, Blue Springs, MO 64015 +1 (816) 535 - 9447
Missouri Loan Center 804 Porter Wagoner Blvd, West Plains, MO 65775 +1 (417) 257 - 2274
Banner Finance 803 W Pine St, Poplar Bluff, MO 63901 +1 (573) 778 - 0900

Payday Loan Companies in Nearby Cities

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

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

65771

Are Payday Loans Legal In Walnut Shade, 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

Walnut Shade, MO payday loan calculator

Payday loans have become a popular financing option for many people in need of quick cash. If you reside in Walnut Shade, Missouri, you would be pleased to know that payday loans are legal in your state. Here’s what you need to know about payday loans in Walnut Shade, Missouri.

What are Payday Loans?

A payday loan is a short-term, high-interest loan intended to help you bridge the gap between paychecks. Typically, these loans are available for amounts ranging from $100 to $1000, and the repayment period ranges from a few days to a few weeks.

Payday loans are often marketed as a quick and easy way to get cash in hand without the need for extensive credit checks. However, they come at a high cost. As per Missouri state law, the maximum interest rate on payday loans is 443%, which is significantly higher than other financing options.

How do Payday Loans Work in Walnut Shade, Missouri?

Payday lenders in Walnut Shade, Missouri, typically operate in storefronts or online. The application process is relatively straightforward, and lenders generally do not require extensive documentation or credit checks. Instead, they typically rely on your income and bank account information to determine your eligibility for a loan.

If you are approved for a loan, the lender will generally deposit the funds directly into your bank account or provide you with cash, and you must repay the loan, along with interest and fees, on your next payday. In Missouri, a payday loan can be rolled over up to six times, but each rollover comes with additional fees and interest charges.

The Pros and Cons of Payday Loans

While payday loans can offer a temporary solution to your cash flow problems, there are some significant disadvantages to be aware of before applying for one.

Pros:

  • Quick access to cash, often within 24 hours.
  • No credit check or extensive documentation requirements.
  • Short-term solution to unforeseen expenses.

Cons:

  • High interest rates and fees, which can trap borrowers in a cycle of debt.
  • Loan rollovers can lead to exponential growth of debt.
  • These loans do not help to address long-term financial issues.

Interesting Facts and Statistics about Payday Loans in Walnut Shade, Missouri

Missouri ranks seventh in the nation in the number of payday lenders, with more than 1,000 stores throughout the state according to Pew Charitable Trust. In 2012, Missouri payday loan borrowers took out an average of eight loans each and spent $290 a year in fees for a 14-day loan of $300 according to St. Louis Fed. The average APR (annual percentage rate) for a payday loan in Missouri is 451% according to the Missouri Small Loans Statute.

Apply Now

If you’re in need of quick cash, TheGuaranteedLoans can help. As a connector service, we put you in touch with potential lenders who can offer you payday loans. Our process is straightforward, and you can complete an online application in minutes. Remember, payday loans are a short-term financing option and should be used responsibly. Apply with us today and get connected with a lender that suits your financial needs.

F.A.Q.

Are there any protections for borrowers in Walnut Shade, Missouri when it comes to payday loans?

Yes, the state of Missouri has several laws in place to protect borrowers from predatory lending practices. These laws include limits on interest rates, fees, and loan terms, as well as requirements for lenders to provide borrowers with clear information about the terms of their loans.

What are the eligibility requirements for payday loans in Walnut Shade, Missouri?

To be eligible for a payday loan in Walnut Shade, Missouri, you must be 18 years or older and have a regular source of income.