Need an Installment Loan in Missouri? Here’s what’s required to get the financing you need!
If you do a search online for installment loans in Missouri you’ll be besieged with thousands of websites claiming to offer payday loans and installment loans to Missouri residents. Most people don’t even know where to start if they’re in need of cash within a day or two. Our goal is to be your one-stop site when it comes to finding the best companies that offer payday and installment loans. It’s that simple. Now, if you live in a big city it’s easy to find a local lender. It’s not as easy if you’re looking for many options or if you live in a small town. That’s when it’s good to have online options available.
The most helpful aspect of our site is our directory of Missouri lenders. With this state-focused directory, we attempt to document and detail all the large loan providers in our state. This list of lenders is updated at least once a week, and we just added installment and personal loan lenders. Please check back often if you’re facing a financial emergency and thinking of taking out a short term loan. Also, let us know if we’re missing a reputable company or financing service. We fully plan on increasing our focus to better include firms that have a large presence in large cities like Saint Louis and Kansas City.
Installment loans are regulated by the Missouri Division of Finance
We developed this site after hearing how difficult it was to find installment loans and cash advance financing. Many consumers stumble across our site after spending hours and hours trying to find a local finance company in Kansas City or St Louis. These sites may connect someone with a direct lender. But more often than not you’re just going to waste your time and have your personal information sold to the highest bid. Trust us, there’s an easier way to find a comprehensive online lender! Missouri is a friendly state when it comes to short term financing. Unfortunately, there are only a handful of organizations that offer payday loans or installment loans. We’d like to think we’ve made it easier for you to find these sites. Another concern some people have is if they can get an unsecured loan in Missouri if they have bad credit or no credit at all. If you have bad credit you may want to read our latest blog post about getting a submitting a loan application for someone with bad credit. In the same article, we also detail the latest information about interest rates and qualification requirements for installment loans as well.
Be sure to check the Missouri Division of Finance website before applying. Missouri regulates all laws that apply to short term loans under $500. There are some city-specific regulations in Kansas City, so be sure to check on these before you look into another option for cash! At this time, the Show-Me State has put in place consumer safeguards. Many are to protect consumers who are shopping for a payday loan online or at a retail location within the state. For example, a licensed firm can charge no more than 75% on interest and fees for the original loan amount. This applies to loans that are issued both online and offline. Most financial obligations can be renewed no more than 6 times and no loan(installment or cash advance) can last longer than 31 days. As always, the regulations about installment loans in Missouri are always changing. Another thing to consider is if you even need a payday loan. Take a few minutes and read up on your different options to see if it even makes sense to apply with a local company. Be sure to routinely check our site as well as the Missouri Division of Finance website for additional updates.