Fast Online Payday Loan [ SPRINGFIELD ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Springfield Missouri USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – Springfield, MO installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Springfield, MO, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
Cash Advance Near Me :: Springfield Missouri Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| Regional Finance | 2039 E Independence St, Springfield, MO 65804 | +1 417-823-9636 |
| Advance America | 3548 S Campbell Ave, Springfield, MO 65807 | +1 417-890-7624 |
| Speedy Cash | 2949 S National Ave, Springfield, MO 65804 | +1 417-881-1710 |
| Check Into Cash | 3530 W Sunshine St Ste C, Springfield, MO 65807 | +1 417-881-2898 |
| LendNation | 1102 S Glenstone Ave, Springfield, MO 65804 | +1 417-831-0025 |
| Check n Go | 1448 E Kearney St, Springfield, MO 65803 | +1 417-864-0819 |
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About Payday Loans in Springfield Missouri
Payday loans in Springfield, Missouri, are short-term, high-interest loans designed to provide quick cash to borrowers until their next payday. Here’s what you need to know:
Key Features of Payday Loans in Springfield, MO:
- Loan Amounts: Typically range from $50 to $500.
- Terms: Usually due on the borrower’s next payday (within 2-4 weeks).
- Fees & Interest Rates:
- Missouri law allows payday lenders to charge up to 75% of the loan amount in fees.
- For a 14-day $100 loan, the maximum fee is $75, resulting in an extremely high APR (Annual Percentage Rate)—often over 1,900%.
- Rollovers & Extensions:
- Missouri permits six renewals (rollovers) if the borrower pays at least 5% of the principal each time.
- This can lead to a debt trap, where fees accumulate faster than the borrower can repay.
Regulations in Missouri:
- Maximum Loan Amount: $500
- Loan Term: Minimum 14 days, maximum 31 days
- Finance Charges: Up to $75 per $100 borrowed (for loans ≤ $250)
- Database Tracking: Missouri requires lenders to check a statewide database to prevent borrowers from having more than $500 in payday loans at once.
Alternatives to Payday Loans in Springfield:
- Credit Union Loans: Some local credit unions offer small-dollar loans with lower interest rates.
- Installment Loans: More flexible repayment terms than payday loans.
- Nonprofit Assistance: Organizations like Consumer Credit Counseling Service (CCCS) can help with budgeting and debt management.
- Emergency Assistance Programs: Local charities or churches may offer financial help.
Risks of Payday Loans:
Bank Fees: If the loan isn’t repaid, lenders may try to withdraw from your bank account, leading to overdraft fees.
High Costs: Fees can make repayment difficult.
Debt Cycle: Many borrowers end up renewing loans multiple times, paying more in fees than the original loan amount.
