Payday Loans in Union, Missouri

Incidents happen, and we often end up in a spot where we must cover some surprise expenses. Consider applying for a cash advance loan in Union, MO, to see if you meet the requirements.

The loan process is quick and painless. To be qualified, you have to meet a couple of general criteria.

What is a Payday Loan? What Can It Be Put Towards?

A payday loan is where the borrower will be extended a petite amount of money on a short-term agreement. This is thought of as an unsecured personal loan because no collateral is needed.

When surprise costs present themselves, such as missed rent or utility bills, auto fees, medical or vet bills, and so on, people often seek out paycheck advance loans.

Payday Loan Requirements In Union, MO

In Union, MO, paycheck advance loan borrowers must satisfy a few criteria to qualify for a loan.

The borrower has to:

• Show proof that they live in Union, MO
• Must be 18 years of age
• Receive a steady stream of income that they can prove that's at least $1,000 per month
• Give active contact information such as cell phone number and email address
• Provide their SSN

If a borrower does not satisfy the above requirements, they will immediately be denied a payday loan. Make sure you can provide the documents required when applying for a loan.

Laws and Rules Concerning Payday Loans in Union, Missouri

The State of Missouri has ruled cash advance lending legal. However, they have created the following rules and laws for the payday advance lending market:

• An individual lender cannot extend a loan greater than $600. Borrowers are not allowed to take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Missouri, borrowers may not rollover their loans.
• The fees and charges are different for each loan lender. The service fees enacted by lenders on a loan do not fall under interest. The service fees apply to each $100 borrowed and can vary between 11-15%.
• An interest rate must be mutually agreed upon. APR can be as much as 369%.

Will Payday Advance Lenders in Union, MO, Complete Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we partner with will do a credit check on you, still, even if you possess no credit or dismal credit, you might still be eligible for a loan provided you can show that you are able to pay back the loan. Lenders are usually unconcerned about your credit history if you offer proof of income and a plan to repay the loan.

Lenders will use a soft credit check, which will have no impact on your credit score. This is simply to get an idea of your credit history and basic information.

A hard credit inquiry, dissimilarly, needs your explicit consent. These credit checks are used for a variety of purposes, including mortgages, credit card applications, and more.

You may still qualify for a cash advance loan with imperfect credit in Union, MO, as long as you have proof of repayment.

Therefore, when you apply, albeit in person or online, double check that you have your income information at hand and any other documents proving that you can pay back the loan. The more evidence you have, the more likely your loan application will be approved.

When Will I Get My Deposit in Union, Missouri?

When you get your funds actually relies on the lender as some lenders advertise same-day payday advance loans, which means you will get your cash advance loan on the same day you request a loan, as long as you get an approval.

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not receive your deposit until Monday.

If you're needing a same-day payday loan in Union, Missouri, you will need to make sure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that deadline. However, you should apply earlier than that if possible, as it will increase the likelihood that you receive your funds on the day that you apply.

One additional consideration that you should know is despite if the money lender approves your application and posts the funds to your bank, occasionally the bank won't release that funds right away. It's paramount that you let your bank know that you plan to receive a cash advance loan, so they might make an exception in releasing the loan earlier.

Overall, it's wise to prepare in advance to get your funds on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.

Consider Borrowing From Us

If you possess less than great credit or no credit and are looking to get a payday advance loan, think about applying with us, as you probably have a better chance of approval.

We partner with hundreds of different lenders who offer their services online. Frequently you will receive your loan on the next business day so make sure that you plan appropriately.

Although, you can always find the nearest payday loan storefront to you and apply in person to strengthen the chances of receiving your cash on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may ask for proof of address, so take along a utility bill to the store as well.

To locate the nearest payday advance loan store, please navigate to the list below and find your city.

Payday Loan Direct Lender Companies in Union, MO

Below you will find a list of payday loan companies offering their services in Union, Missouri. If you can't find a lender near your location in Union, consider applying in a nearby city in Missouri. Alternatively, you can apply online on our website and get a decision almost instantly.