Payday Loans in Nelson, Missouri

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

Company nameAddressZip codePhone number
Check On the Spot 16 S Jackson St, Farmington, MO 63640 +1 (573) 760 - 1770
United States Postal Service 101 W First St, Schell City, MO 64783 +1 (800) 275 - 8777
Express Cash 219 E Springfield Rd, Sullivan, MO 63080 +1 (573) 468 - 9292
Ozark Federal Credit Union 241 E Hwy St, Doniphan, MO 63935 +1 (573) 351 - 2401
Flexicash 1551 Denmark Rd, Union, MO 63084 +1 (636) 583 - 9555
Heights Finance Corporation 201 S Bishop Ave, Rolla, MO 65401 +1 (573) 368 - 0000
Banner Finance 803 W Pine St, Poplar Bluff, MO 63901 +1 (573) 778 - 0900
Peoples Savings Bank 514 Picnic St, New Florence, MO 63363 +1 (573) 835 - 4414
Title Cash of Missouri Inc 1047 Kingshighway, Rolla, MO 65401 +1 (573) 341 - 3667
The Loan Spot 3861 W Outer Rd, Arnold, MO 63010 +1 (636) 282 - 5626

Payday Loan Companies in Nearby Cities

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

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

65347

Are Payday Loans Legal In Nelson, 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

Nelson, MO payday loan calculator

Payday Loans in Nelson, Missouri: A Comprehensive Guide

In Missouri, payday loans are a legal option for individuals who find themselves in need of short-term financial assistance. If you live in Nelson, Missouri, and are considering a payday loan, it’s important to arm yourself with the facts before making a decision.

What are Payday Loans?

A payday loan is a short-term loan that is typically due on your next payday. These loans are designed to provide quick cash to those who don’t have access to traditional lending options.

Payday loans often have high interest rates and fees, making them a costly option. However, for those who need money quickly and don’t have other options, payday loans can be a lifeline.

How do Payday Loans Work?

When you take out a payday loan, you provide the lender with a post-dated check or authorization to withdraw funds from your bank account on your next payday. The amount you can borrow varies from lender to lender but typically ranges from $100 to $500.

Payday loans are designed to be repaid quickly, usually within two weeks. If you can’t repay the loan on time, you may be able to roll it over for an additional fee. However, rolling over a payday loan can lead to a cycle of debt, making it difficult to get back on your feet.

Are Payday Loans Legal in Missouri?

Yes, payday loans are legal in Missouri. However, there are laws in place to protect consumers from predatory lending practices.

Missouri law limits payday loans to $500 or less and restricts the interest rate to 75% of the loan amount. Lenders are also required to provide borrowers with a written agreement that outlines the terms of the loan.

What Should You Consider Before Taking Out a Payday Loan?

Before taking out a payday loan, it’s important to understand the risks and benefits. Here are a few things to consider:

  • Payday loans can be expensive. The interest rates and fees on these loans can add up quickly, making it difficult to repay the loan on time.
  • Payday loans can lead to a cycle of debt. Rolling over a payday loan can lead to additional fees and interest, making it difficult to get out of debt.
  • There may be other options available. Consider alternatives like a personal loan from a bank or credit union, a credit card cash advance, or borrowing money from friends or family.

Interesting Facts About Payday Loans in Nelson, Missouri

  • In Nelson, Missouri, the average payday loan is for $375.
  • Missouri law limits the amount of interest that lenders can charge on payday loans to 75% of the loan amount.
  • According to a report by the Missouri Department of Insurance, Financial Institutions, and Professional Registration, the average APR for a payday loan in Missouri is 462.78%.

Apply Now

If you’ve decided that a payday loan is the right option for you, TheGuaranteedLoans can help connect you with potential lenders. Apply now for quick and easy access to the funds you need.

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We facilitate your connection with potential lenders, but we don’t make lending decisions or determine loan terms.

Don’t let unexpected expenses derail your finances. Apply for a payday loan today and get the help you need to make ends meet.

F.A.Q.

Are payday loans in Nelson, Missouri regulated by the state government?

Yes, payday lending in Nelson, Missouri is regulated by the state's Division of Finance.

What are the fees and interest rates for payday loans in Nelson, Missouri?

The maximum interest rate for payday loans in Nelson, Missouri is 75%, and there may be additional fees for late payments or non-sufficient funds.