The state of Missouri offers consumers the chance to borrow up to $500 from a traditional payday loan vendor with a payoff time of up to 31 days. Missouri is unique in that they don’t set any limits on extensions. This is left up to individual lenders and can lead to a lot of extra chances to pay back a loan should you be unable to when the initial loan becomes due. Many companies will allow you to set up an installment plan should you suffer a job loss or otherwise become unable to make a payment.
You should try to pay your loan off in time, especially if it could cause you unwanted fees from your bank. This could dramatically impact your ability to get payday loans later on.
Missouri Pay Day Loan Laws
Maximum Loan Amount: $500
Maximum Finance Rate: 75% of total loan amount
Annual Percentage Rate For 14 Day $100 Loan: Variable
Minimum Payoff Time: 1-31 days
Extensions Allowed: Variable
Top 5 Missouri Payday Loan Companies
456 W Battlefield St
Springfield, MO
(417) 889-5626
aaapaydaycash.com
AAA Payday Advance has a mission statement that focuses on staying within the confines of state law, building excellent relationships with their customers and offering outstanding customer service. This company realizes that emergency financial situations could arise at almost any time and want to be your “go to” company when you need cash fast. You can apply at any AAA Payday Advance location or use their official website to secure funds quickly.
5520 Northeast Antioch Road
Kansas City, MO
(816) 459-7070
americanpaydayloansinc.com
American Payday Loans is part of the Money Mart network that offers payday loans in many different states including Missouri. These stores let you cash checks without ID once you’re in the system, get payday loans, installment loans, do Western Union transfers and even offers tax prep services. To qualify for a loan here you’ll need valid ID, be employed, have proof of residency and a couple months worth of paycheck stubs. You can get up to the state maximum with a normal payday loan and more with an installment loan.
9515 Manchester Road
Webster Groves, Missouri
(314) 962-2800
mypaydayloan.com
Missouri Payday Loan has a few physical stores you can visit but has a very nice website that you can use to handle all of your needs easily. If you are a new customer, you’ll need to create an account with them that gets you in their system and able to use their services. They have relatively low requirements initially and they offer you more per payday loan the longer you use them. New customers with low income may only qualify for $100 or so but once you establish a good relationship, you’ll be able to borrow much more.
1408 N Kingshighway Blvd # 105
St. Louis, MO
(314) 361-7000
fastlendinghelp.com
Advance Loan offers people all across the US the ability to secure emergency funds as quickly as possible. This company has over 50 locally owned stores that not only provide competitive payday loan services but also participate actively in the communities they are located in. This company takes pride in its customers and their community and will work with borrowers even if they have a problem borrowing history.
2025 W. Sunshine #112
Springfield, MO
(417) 616-5626
pay-dayloan.com
This company, while having a fairly average name, offers better than average loan services. You can borrow up to $1000 if you qualify and this money will be sent directly to your bank account. You can do it in person but it’s just as easy to use their official website. To qualify you will need to have a bank account in good standing for at least 90 days, have direct deposit, have the same employer for 90 days and make at least 1K per month.