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Rates and Terms for Missouri
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| Loan Amounts: |
The maximum loan amount for Missouri Residents is $500.00.
Based on your income and other factors, loan limits will be determined on an individual basis. |
| Term of Loan: |
Minimum Days 14 – Maximum Days 31 |
| Permitted Fees: |
The cost of the loan is $17.00 per $100.00 borrowed.
The Annual Percentage Rate (“APR”) will vary depending on the length of your loan (see table below). The total amount of interest and fees collected on the initial loan, and all renewals, cannot exceed 75% of the original amount of this loan.
Terms of the loan may vary. See your loan agreement for disclosure terms, APR and length of loan terms. |
| Renewal: |
If you cannot repay the total amount due, then, we may offer to renew this transaction. If you qualify, you have the option of extending your loan a maximum of four times.
You may request that we renew this loan. The total amount of interest and fees collected on the initial loan, and all renewals thereof, shall not exceed 75% of the original amount of this loan.
We shall renew the loan upon your written request and the payment of any interest and fees due at the time of such renewal; however, upon the first renewal of the loan agreement, and each subsequent renewal thereafter, you shall reduce the principal amount of the loan by not less than five percent of the original amount of the loan until such loan is paid in full. However, no loan may be renewed more than six times.
You may request these changes by logging into your online account and or by calling a customer service representative. Renewal requests must be received by 7:00 PM Mountain Time on the business day before your loan is due. |
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Additional Information:
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Your Right to Rescind (cancel) this loan – A borrower has the right to rescind the deferred deposit loan on or before the close of the next business day following the loan transaction.
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Example APR and Fee Schedule:
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The Annual Percentage Rate (“APR”) will vary depending on the length of your loan (see table below). The table below shows the Annual Percentage Rate (“APR”) and finance charge for various loan amounts ranging from 14 to 31 days in length. |
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Amount
Borrowed |
Fees Charged |
Amount Due |
Days |
APR |
Days |
APR |
Days |
APR |
| $100.00 |
$17.00 |
$117.00 |
14 |
443.21% |
21 |
295.47% |
31 |
200.16% |
| $200.00 |
$34.00 |
$234.00 |
14 |
443.21% |
21 |
295.47% |
31 |
200.16% |
| $300.00 |
$51.00 |
$351.00 |
14 |
443.21% |
21 |
295.47% |
31 |
200.16% |
| $400.00 |
$68.00 |
$468.00 |
14 |
443.21% |
21 |
295.47% |
31 |
200.16% |
| $500.00 |
$85.00 |
$585.00 |
14 |
443.21% |
21 |
295.47% |
31 |
200.16% |
The finance charge is $17.00 per $100.00 borrowed
Please see your consumer loan agreement for the APR and other terms applicable to your loan.
The maximum annual percentage rate we currently charge in Missouri is 445.00%.
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Notices:
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THIS LENDER OFFERS SHORT-TERM LOANS. PLEASE READ AND UNDERSTAND THE TERMS OF THE LOAN AGREEMENT BEFORE SIGNING. YOU MAY CANCEL THIS LOAN WITHOUT COSTS BY RETURNING THE FULL PRINCIPAL BALANCE TO THE LENDER BY THE CLOSE OF THE LENDER’S NEXT FULL BUSINESS DAY. |
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Loan License and Registration:
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We are licensed and regulated by the Missouri Division of Finance
301 W. High Street, Room 630
Jefferson City, MO 65102
Phone: (573) 751-3242 Fax: (573) 751-9192 |
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