Payday Loans in Silva, Missouri

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

Company nameAddressZip codePhone number
Hart Abstract & Title 2308 Main St, Unionville, MO 63565 +1 (660) 947 - 3959
LendNation 813 Missouri Blvd, Jefferson City, MO 65109 +1 (573) 761 - 0607
Farmers & Merchants Bank 3732 State Rte 30, Lonedell, MO 63060 +1 (800) 382 - 0049
World Finance 809 Thompson Blvd, Sedalia, MO 65301 +1 (660) 826 - 3135
J L Auto Sales 475 N Lincoln Dr 1, Troy, MO 63379 +1 (636) 528 - 3806
Southern Bank 400 W, US-160, Alton, MO 65606 +1 (417) 778 - 9000
Title Cash 524 Highway 50 West, Unit A, Union, MO 63084 +1 (636) 584 - 0894
Cash Country 1706 South 7 Highway, Blue Springs, MO 64014 +1 (816) 229 - 1667
Security Finance 12200 Blue Ridge Ext a, Grandview, MO 64030 +1 (816) 761 - 5500
Progressive Farm Credit Services 501 MO-162, Portageville, MO 63873 +1 (573) 379 - 3461

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Silva, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Independence, MO, Payday Loans in Jefferson City, MO, Payday Loans in Joplin, MO, Quick Loan in Kansas City, MO, Payday Loans in Lee's Summit, MO, Payday Loans in Liberty, MO, Payday Loans in Saint Charles, MO and 24-Hour Loan in Saint Joseph, 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 Silva, MO.

Are Payday Loans Legal In Silva, 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

Silva, MO payday loan calculator

Payday Loans in Silva, Missouri: A Comprehensive Guide

Payday loans are intended to act as a short-term financial solution for those experiencing a difficult financial situation. In Silva, Missouri, payday loans are perfectly legal, and they are regulated by the Missouri Division of Finance. In this article, we will explore all you need to know about payday loans in Silva, Missouri.

What is a Payday Loan?

In essence, a payday loan is a short-term, high-interest loan that is meant to be repaid on the borrower’s next payday. It is a type of unsecured loan, which means that no collateral is required.

Payday loans are designed for individuals who have an urgent cash need due to an unexpected bill or other financial emergency. The loan amount is usually small, ranging from $100 to $500, and the repayment period is typically shorter than a month.

The Pros and Cons of Payday Loans

Like most financial products, payday loans have their advantages and disadvantages. Here are some of the pros and cons of payday loans:

  • Pros:
    • Quick and easy application process
    • Fast cash disbursement
    • No credit check required
    • No collateral required
    • Use the money for whatever you need
  • Cons:
    • High interest rates and fees
    • Short repayment term
    • Potential for debt cycle
    • May lead to worse financial situation in the long run.

Facts and Statistics on Payday Lending in Silva, Missouri

As of 2021, there are 1,332 licensed payday lenders in Missouri. According to the Missouri Division of Finance, the average payday loan amount is $315, and the average fee is 462% APR. The average borrower takes out eight loans per year, with a total loan amount of $2,532.

In terms of loan rollovers, Missouri law allows up to six rollovers, after which the borrower must pay off the loan in full. Additionally, Missouri law prohibits lenders from charging more than $75 in fees and interest on a $100 loan, and borrowers have the right to rescind the loan before 5 PM the day following the loan transaction without any penalty.

How to Apply for a Payday Loan in Silva, Missouri

At TheGuaranteedLoans, we make applying for a payday loan in Silva, Missouri quick and easy. Here’s how:

  1. Visit our website and fill out the online application form. You will need to provide some basic personal information, including your name, address, income, and employment details.
  2. We will then connect you with potential lenders who may be able to offer you a loan.
  3. Review the loan offers and choose the one that best fits your needs.
  4. Sign the loan agreement and receive your money.
  5. Repay the loan on the due date.

It’s important to note that TheGuaranteedLoans is a connector service, not a direct lender. We do not make credit decisions or issue loans. Our role is to facilitate your connection with potential lenders and assist with the loan application process.

Conclusion

Payday loans can be a helpful tool for those facing unexpected financial emergencies, but they do come with high interest rates and fees. If you’re considering a payday loan in Silva, Missouri, it’s important to make sure you understand the terms and conditions of the loan and have a plan in place to repay it on time.

At TheGuaranteedLoans, we strive to provide valuable information and connect borrowers with potential lenders. If you’re in need of a payday loan in Silva, Missouri, visit our website and fill out the online application form today.

F.A.Q.

Is it possible to extend the due date for a payday loan in Silva, Missouri?

No, Missouri law does not allow for the extension of payday loan due dates. Borrowers must repay the loan in full on the agreed upon date.

Can I take out a payday loan if I have bad credit or a bankruptcy on my record?

Yes, payday lenders do not typically perform credit checks, so your credit history will not impact your eligibility for a payday loan.