The most important thing you need to remember about cash advance regulations in Missouri is that they are almost nonexistent. Your personal responsibility to pay back the loan fast is more important in Missouri than in many other states, because the state laws won’t protect you. That being said, the maximum loan amount is $500. The loan term can be from 14 to 31 days. The maximum finance charge for a $100, 14-day loan shouldn’t be higher than $75. The APR for a 14-day, $100 loan should not be higher than 1,950-percent.
You cannot take out more than one loan at one time from any one lender. You are allowed to extend your loan up to six times. That means you may have six rollovers. With each renewal, you will be required to pay off at least 5-perrcent of the principle. Really, though, you should be paying off a lot more principle than that. You’ll never pay off the loan if you’re only paying off the interest.
If you can’t pay off your loan, the lender can require a NSF fee and collection costs, such as attorney’s fees and court costs. Criminal action is usually not permitted, but can be if you close the account attached to the check you used to start the loan, or issue a stop-payment on the check.
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Missouri is one of the 50 states in the United States. Its capital is Jefferson City. Its largest cities are Kansas City and Saint Louis. Some other cities are Columbia (which is where the University of Missouri is), and Springfield.
Missouri officially became a state on August 10, 1821. There are Aldis in Missouri.
Missouri's edges touch a total of eight states. It is touched on the north by Iowa; on the east, across the Mississippi River, by Illinois, Kentucky, and Tennessee; on the south by Arkansas; and on the west by Oklahoma, Kansas, and Nebraska (Kansas and Nebraska are across the Missouri River).