Payday Loans in Missouri

What Do I Need to Qualify?

ASAP Finance simplifies the loan process by setting basic requirements that almost anyone can meet. Here's what you need to qualify for a loan with us:

• Be at least 18 years old;
• Provide valid government-issued ID;
• Specify your bank account details;
• Provide proof of income and address;
• Specify your employer's contact information.

Rates and Terms for Missouri Payday Loans

Payday loans in Missouri are legal and regulated by Mo. Rev. Stat. 408.500 et seq. This document limits the maximum payday loan amount to $500 and sets the repayment terms of 14 to 31 days.

There are also restrictions regarding the loan cost. A direct lender is not allowed to charge more than 75% of the initial loan amount, including all renewals. An average payday loan APR is 443%, with a finance charge often reaching $25 for each $100 borrowed.

Up to 6 rollovers are permitted in the state, provided that a borrower can cover at least 5% of the amount owed before every renewal.

Check Payday Loan Rates in Your State.

Online vs. In-Store Payday Loans

ASAP Finance offers both online and in-store applications so you can choose the option that better suits your situation. While most borrowers prefer to complete a form via the website, applying in a physical location still offers its unique advantages. Here's how you can figure out which application method is best for you:

Online Application

An online application process is more advantageous if you:

• Need money fast. When you apply online, you can complete the entire process in a few minutes, get almost instant approval, and receive the funds within 1 business day;
• Are tech-savvy. If you're comfortable with using technologies and submitting your personal details via the website, this option is a great solution;
• Want to compare options. With an online application, it's much easier to shop around for the best offer. You can pre-qualify for a loan without any impact on your credit score;
• Prioritize convenience. You don't need to waste your time visiting a store and waiting in lines. The entire process can be completed from the comfort of your home.

In-Store Application

Applying for a loan in person may be a better option in the following situations:

• Your case is unusual. It may be difficult to explain your unique situation in a standard application form. Sometimes, you may need to talk to our managers to lay out your circumstances;
• This is your first borrowing experience. If you're new to borrowing, you may need someone to guide you through the process and ensure you do everything right;
• You need personalized advice. If you don't know what loan to choose, our professional staff can help you find a suitable option for your unique situation;
• Sharing your personal information online seems risky for you. Although we use modern encryption technologies to keep your data safe, you may still mistrust the online process. In this case, we are always happy to meet you in our store.

Find an ASAP Finance Store Near You

ASAP Finance operates across the nation to help people throughout the US get much-needed financial support when traditional lenders refuse. Missouri residents can visit our physical store in St Joseph and get personalized assistance in their unique situation. We also serve people of the following cities:

Kansas City	St. Louis	Springfield
Columbia	Independence	Lee's Summit
Blue Springs	Saint Charles	Joplin
O'Fallon	St. Peters	Florissant

Why Choose ASAP Finance

ASAP Finance is a company that cares about your financial future. We are a Missouri-licensed loan provider, so you can rest assured our direct lender options fully comply with the state laws that protect your rights, privacy, and security. Our major goal is to help people get much-needed financing quickly and with no hassle.

By working with us, you can enjoy a 5-minute application process, instant approval, and fast funding within 24 hours. Whether you have good, bad, or no credit, ASAP Finance is always here to help you find the best financial solution.

How to Avoid Debt Traps When Borrowing Money

At ASAP Finance, we strongly believe responsible borrowing is key. Here are a few tips on how you can manage your debt effectively and avoid potential traps:

Borrow within your means

Determine how much money you need to cover your current needs and make sure you can afford to comfortably repay the amount on time.

Stick to the Purpose

Payday loans are short-term loans that are designed to cover small emergencies. Don't use them for unnecessary expenses or long-term needs.

Only have one loan at a time

It's also recommended to work with one payday lender to make your money management easier and avoid debt traps.

Budget for repayment

Put this new expense category on your list of mandatory expenses so as not to spend the funds intended for your loan payments on something else.

Pay on time

Late or missed payments lead to extra fees and can damage your credit score. Set up autopay so as not to miss the due date.

Pay early, if possible

By paying early, you may save money on interest and fees and show lenders you can manage your money responsibly. This may result in lower interest rates in the future. Still, it's recommended to check your loan agreement terms to ensure there are no penalties for early repayment.

Negotiate with a creditor

If you find out you can't repay the loan on time, contact your lenders and explain your situation. Loan providers may offer you an extended repayment plan to give you more time to repay the loan.

Seek credit counseling

Ask for professional help if you see you can't manage your debts on your own. Credit counselors may help you create a realistic strategy and negotiate with lenders on your behalf to ask for better loan terms.