Payday Loans in Westboro, Missouri

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

Company nameAddressZip codePhone number
Moberly Quick Cash 1625 N Morley St # A, Moberly, MO 65270 +1 (660) 263 - 0208
Community National Bank & Trust 1625 Hedges Plaza, Nevada, MO 64772 +1 (417) 667 - 7297
Community Bank of Memphis 112 E Madison St, Memphis, MO 63555 +1 (660) 465 - 8501
Sterling Bank 702 Main St, Van Buren, MO 63965 +1 (573) 323 - 4888
American Bank of Missouri 690 N Service Rd, Wright City, MO 63390 +1 (636) 745 - 2888
Citizens Bank & Trust 322 S Main St, Brookfield, MO 64628 +1 (660) 258 - 3336
Ardmore Finance Corp. 1348 NW Hwy 7, Blue Springs, MO 64014 +1 (816) 221 - 1393
A & A Loans of Gainesville Gainesville, MO 65655 +1 (417) 679 - 0004
Quick Loans 300 W Mt Vernon St F, Nixa, MO 65714 +1 (417) 725 - 5010
First Community Bank 21196 US-71, Pineville, MO 64856 +1 (417) 226 - 6299

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Westboro, MO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Springfield, MO, Payday Loans in Wentzville, MO, Payday Loans in Ballwin, MO, Short-term Loans in Blue Springs, MO, Payday Loans in Cape Girardeau, MO, Online Loans in Chesterfield, MO, 24-Hour Loan 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 Westboro, MO.

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

64498

Are Payday Loans Legal In Westboro, 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

Westboro, MO payday loan calculator

Payday Loans in Westboro, Missouri: Everything You Need to Know

Payday loans are one option for those in need of quick cash. They are short-term loans that must be repaid within a few weeks or months, typically when the borrower’s next paycheck arrives. These loans are legal in Missouri, including in the town of Westboro, where residents can take advantage of these loans.

How Do Payday Loans Work?

Payday loans are designed to help individuals who need to borrow a small amount of money quickly. To apply for a payday loan, the borrower must provide proof of income and a valid checking account. Once the application is approved, the borrower receives the funds in their account within a few hours or the following day.

The amount a borrower can obtain through a payday loan varies. Missouri law states that payday loans cannot exceed $500. Interest rates and fees associated with payday loans in Missouri are also regulated, making it easier for borrowers to understand their financial obligations when taking out these loans.

The Pros and Cons of Payday Loans

Payday loans can be a helpful tool for those in financial need. However, they also have their drawbacks and may not be the best option for everyone.

  • Pros: Payday loans are quick and accessible, making them a viable option for those in urgent financial need. In addition, they do not require a credit check, which can be a benefit for those with poor credit.
  • Cons: Payday loans can have high-interest rates and fees, making them more expensive than traditional loans. Additionally, failure to repay a payday loan can lead to additional fees and higher interest rates.

Facts and Statistics About Payday Loans in Westboro, Missouri

Did you know?

  • In Missouri, borrowers can take out up to six rollovers or renewals on a payday loan, which can lead to additional fees and interest rates.
  • In 2019, Missouri payday lenders extended more than 1.6 million loans totaling $1.1 billion.
  • More than 95% of payday loans in Missouri are for less than $500.

Apply Now

If you live in Westboro, Missouri, and are considering a payday loan, TheGuaranteedLoans can help. We are a connector service that partners with lenders across the country to help you find the right loan for your needs. Fill out our online application today to get started.

Note: TheGuaranteedLoans is not a direct lender. We do not approve or deny loans but rather facilitate your connection with potential lenders.

F.A.Q.

What are payday loans and how do they work in Westboro, Missouri?

Payday loans are short-term, high-interest loans that are designed to be paid back on the borrower's next payday. in Westboro, Missouri, borrowers are allowed to borrow up to $500, with a maximum term of 31 days.

Are there any restrictions on payday loan interest rates in Westboro, Missouri?

Yes, payday lenders are required to follow the state's usury laws, which limit the maximum interest rate to 75% per year. However, additional fees may be charged on top of the interest rate.