Fair to Bad Credit Loans in MO

We Find Lenders Who Lend To Bad Credit Borrowers

We Find Lenders Inc. Fair To Bad Credit Loans Logo

Home > How To Apply > Missouri

Last updated on August 19, 2018

Commentary is for informational purposes only. See legal disclaimers here.

Daily MO Borrower Credit Scores

Last 10 borrowers applying for a loan out of Missouri had the following credit scores. Source: WFL Lender Pool. Updated daily. FICO scores based on avg. from Transunion, Experian, and Equifax.

460 470 481 569 513 552 413 510 566 521

Missouri APR Reports (?)
Enter zip and your 3 digit credit score.

Missouri Usury and Regulations

Summary of Missouri Usury Law(s) / Quote: "Legal: 9% / Contract: 10% for quarter beginning 1 /1/ 10 ; any rate business loans of $5,000 or more / Judgment: 9% / Corporate: Any rate"

(WeFindLenders.com endeavors to include the most up to date legal data for Missouri, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Missouri, and/or contact the Missouri State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits)

Missouri Usury Law Information:

Legal Maximum Interest Rates: Quote: "Without agreement, 9% (§408.020); contract rate not to exceed 10% except when market rate is higher (§408.030)"

Usury Penalties: Quote: "If usury collected, excess over legal rate applied to principal or debtor may recover (§§408.050, 060); debtor may recover twice amount of interest paid, costs of suit, and attorney's fees (§408.030)"

Judgment Interest Rates: Quote: "9% or higher rate lawfully stipulated (§408.040)"

Legal Exceptions: Quote: "Loans to corporations, general partnerships, limited partnerships, or limited liability companies; business loans of $5000 or more; real estate loans other than residential real estate of less than $5000 secured by real estate used for agricultural activity or loans of $5000 or more secured solely by certificates of stock, bonds, bills of exchange, certificates of deposit or other commercial paper pledged as collateral for repayment of loan (§408.035)"

Missouri Lenders By City

Kansas City MO / St. Louis MO / Springfield MO / Columbia MO / Independence MO

Complaints to:

Missouri Division of Finance / Missouri Complaint Process / Complaint Form (PDF)

Physical Address: Missouri Division of Finance / P. O. BOX 716, Jefferson City, Missouri 65102-0716 / Phone: 573.751.3242 / Fax: 573.751.9192 / Email: finance@dof.mo.gov

Missouri Lender Service Areas Map

Missouri Bad Credit Lenders Map - Initial Static Image

Click or tap map image above for interactive version.
Lenders
contact us for listing removal or amendment.


Columbia Credit Union
310 E Walnut St Columbia
MO 65201 - 573.256.2500
comomoneypeople.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Tigers Community Credit Union
308 S 9th St #114, Columbia
MO 65201 - tigerscu.org
573.443.8462

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

River Region Credit Union
3000 Carter Ln, Columbia
MO 65201 - www.rrcu.org
573.442.1444

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

St. Louis Community Credit Union
3651 Forest Park Avenue, St Louis
MO 63108 - 314.534.7610
www.stlouiscommunity.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1st Financial Federal Credit Union
1407 Washington Ave, St. Louis
MO 63103 - 636.916.8300
www.1stfinancialfcu.org

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Kansas City Credit Union
5110 Ararat Dr, Kansas City
MO 64129 - www.kccu.net
816.861.5700

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Mazuma Credit Union
9300 Troost Ave, Kansas City
MO 64131 - www.mazuma.org
816.361.4194

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

BluCurrent Credit Union
1770 W Sunset St, Springfield
MO 65807 - blucurrent.org
417.887.1983

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

CU Community Credit Union
1017 E Republic Rd, Springfield
MO 65807 - mycucommunity.com
417.865.3912

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Joplin Metro Credit Union
716 Pearl Ave Joplin
MO 64801 - joplinmcu.com
417.627.1000

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Legacy Credit Union
3929 E 7th Street A, Joplin
MO 64801 - www.yourlcu.com
417.659.6013

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Bad Credit Loan Form for Missouri

Fast Loan Pre-App Method
Accessing Bad Credit Lender Pool (?)

Learn about GAP (Gift Angel Program)

 

Signature Loan Example In Missouri

Mike needs a fifteen hundred dollar loan with a one year term. He wants to repay the loan in twelve equal monthly payments.

In fact, he mentioned that if he could make payments twice a month that would be even better for him.

He is paid twice a month and paying the loan from each pay check would be easier for him to manage.

He is not very good at managing money by his own admission. He is afraid that if he is only required to pay once a month he will have trouble meeting the monthly payments.

He does not like to budget and just spends whatever is in his bank account.

If the loan payment is withdrawn automatically from his account on each payday, then there is no way he could spend the money and then miss a payment.

Mike needs the loan to pay for repairs to his car. It is a pretty old car, but it runs and he just needs couple of new tires, battery and a tune up.

The car is older, but it runs well and he wants to hold on to it for a while longer. Her has no other payments other than his rent which is also withdrawn from his checking account twice a month.

He does not have a credit card and does not want one. He had some trouble with credit cards a few years ago and knows that for him he is better off not having a credit card.

He also does not have any savings and knows that he should be doing something about that, but so far has not got around to it.

A $1500 loan with a 1 year term 4.55% interest rate for Mike would cost him the following per month:

• Loan Amount (principal) = $1500
• Interest Rate = 4.55%
• Term Length =1 year
• Monthly Payment = $128.1
• Total Paid Back = $1537.23
• Total Interest = $37.23

Mike it appears can handle this loan payment with the income he is currently making. He could also save some money for emergencies and still have enough to live comfortably.

He lives from pay check to pay check and that is one of the reasons that he wants his debts paid twice a month and to coincide with his pay check.

He will not be tempted to spend money he should be setting aside for the loan.

Once Mike pays off this loan, he may want to consider continuing with a bi-monthly payment of the same amount into a savings account.

This could be the beginning of an emergency savings account and he would not need a loan like this one in the future if he were able to save sufficient funds.

His bank manager could help him set it up with some restrictions to keep him from spending the money unless he really needed it.

With some money in a savings account he would not have to worry about making payments on something like car repairs.

Although Mike probably does not worry about a lot of things in his life. He sounds like a pretty laid back guy.

If you live in the State of Missouri and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way.

Sincerely,

Chris Somerset

Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron.

Consolidation Loans in Missouri

Last 5 debt service loans approved in the State of Missouri. Source: WFL Lender Pool. Updated daily. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right.

$20000 $45000 850000 $25000 $95000

12.98% 12.25% 15.95% 11.52% 12.68%

Debt Consolidation Providers In MO

Missouri Debt Consolidation Loan Providers - Initial Static Image

Click or tap map image above for interactive version.
Lenders
contact us for listing removal or amendment.


PCS Debt Relief
16024 Manchester Rd #200 Ellisville
MO 63011 - 636.209.4481
www.pcsdebtrelief.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

A American Debt Consolidation
Joplin, MO 64801 - 417.623.0343

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

A American Debt Consolidation
St Charles, MO 63301
636.946.0208

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Mid America Debt Relief
2 Cityplace Dr, St. Louis
MO 63141 - 636.223.5900
midamericadebtrelief.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Relief Law Center of Missouri
423 Woodlawn Ave, O'Fallon
MO 63366 - 636.288.9401

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Saint Louis Debt Relief
1 N Taylor Ave, St. Louis
MO 63108 - 314.932.1068

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Settlement
Lee's Summit, MO 64063
leessummittaxdebtrelief.com
816.524.1613

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Hero Kansas City
2300 Main St, Kansas City
MO 64108 - 816.396.0185

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Debt Relief Kansas City
1198 Central St, Kansas City
MO 64105 - 877.820.2211

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Student Loan Debt Relief
107 W Jasper St, Versailles
MO 65084 - 888.674.5952

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Riverways Federal Credit Union
1012 Forum Dr, Rolla
MO 65401 - riverwaysfcu.org
573.308.3113

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Infuze Credit Union
1101 N Bishop Ave Rolla
MO 65401 - infuzecu.org
573.364.6936

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

First Missouri Credit Union
1690 Lemay Ferry Road, St. Louis
MO 63125 - www.1stmocu.org
314.544.5050

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Missouri Valley FCU
7900 Mexico Road, St, Peters
MO 63376 - www.movfcu.org
636.978.8800

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

MO Debt Consolidation Application Form

Missouri Application Form
Bad Credit Debt Consolidation Loans (?)
 

About Consolidation Loans In Missouri

Missouri law allows lender to provide loans to pay off debt of course, but there are specific laws regarding debt relief and debt settlement programs. So carry out due diligence before signing any lender contracts.

We have a list of providers above you can check out but you'll need to have a decent credit rating in order to get approved. If you need a loan to pay off debt and your credit rating is bad you are better served by using our WFL lender pool. To do that you need to fill out the form above. Once you submit your application your pre-app information is available to consolidation providers in your area, and nationally too. You can learn more on our how to page for bad credit applicants.

Consolidation Loan Example in Missouri

Wagdy has been finding it difficult to borrow money since he is new to the country and does not really understand the process of applying for loans.

Because he is so new to the country, he does not have much of a credit score and does not understand how to even get a credit score or improve it.

He would like to borrow $5000 and repay it over a four year term. The loan is needed to help him pay for a car he wants to buy and also some things he would like to get for his apartment and the family.

They have applied for a credit card, but it has not been approved yet and likely would not have a high enough credit limit to cover these expenses initially.

Although this is not technically a debt consolidation loan since he has not spent the money yet, he would be consolidating several expenses into one loan with a low monthly payment.

He also would like some help to understand how to build a credit score and to apply for a mortgage for a home they would like to buy in the future.

Both he and his wife are working and saving their money. They are very frugal with their living arrangements and expenses as they learn to live in their new country.

They have no other debts and only have their rent, utilities, food and commuting costs to cover.

They make sufficient income to cover this loan payment and are good candidates for the loan other than the credit score history.

A $5000 loan with a 4 year term 5.55% interest rate for Wagdy would cost him the following per month:

• Loan Amount (principal) = $5000
• Interest Rate = 5.55%
• Term Length =4 year
• Monthly Payment = $116.40
• Total Paid Back = $5587.02
• Total Interest = $587.02

Wagdy, like many new immigrants struggle to make a living and they struggle to acquire the things that many people who have lived here for some time take for granted.

He has applied for a debt consolidation loan and also wants to understand the best way to improve his credit rating. Many people have this question, so we have included a short paragraph discussing the issue.

In order to even have a credit score and to improve it, consumers need to take on some kind of debt and then repay the debt meeting all of the terms and conditions of the loan.

This usually means that you pay each monthly payment on time every month until the debt is fully paid.

If the debt is a credit card, pay the monthly balance on the due date in full and maintain a relatively low balance on your card if you must carry it over the due date.

Interest charges will apply. Always pay your rent or mortgage along with all of your utilities on time to avoid any kind of negative report to the credit rating agencies.

Wagdy is getting started establishing his credit score. He has applied for a credit card and a loan.

If he is approved for both and repays the debts on time he will be well on the way. He should note that any negative reports can stay on his record for as long as seven years.

His loan is under review and he is anticipating a positive answer.

If you live in the State of Missouri and you're trying to get approved for a debt consolidation loan, we hope our website helps you find a good lender regardless of your credit rating.

Sincerely,

Andy Somerset

Andy Somerset is the son of Lance Somerset who founded the We Find Lenders Pool. He writes for WeFindLenders.com whenever he's not working hard on his degree in finance.

Credit Counseling Services In MO

Missouri Credit Counseling Providers - Initial Static Image

Click or tap map image above for interactive version.
Counselors
contact us for listing amendment.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Credit Counseling
3810 Washington Blvd St. Louis
MO 63108 - 314.531.4390

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Freedom Credit Solutions
1610 Des Peres Rd #150, St. Louis
MO 63131 - 855.893.7273
freedomcreditsolutions.us

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Consumer Credit Counseling Service
1515 S Glenstone Ave, Springfield
MO 65804 - cccsoftheozarks.org
417.889.7474

- - - - - - - - - - - - - - - - - - - - - - - - - - - - -

WFL Loan Product Menu

  • Bad credit scores below FICO 650
  • 200+ lenders review your pre-application(s)
  • Applying does not worsen your credit score
  • Interest rates starting as low as 9% (cs)
  • Collateral not always required
  • Funding between 24 hours and 5 days
  • Terms from 6 months to 10 years
  • Borrow between $500 and $50,000
  • Loans for people with 650+ credit scores
  • 500+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Fast approvals and fast funding
  • Line of credit approvals with reasonable APR
  • Borrow between $500 and $150,000
  • Lenders who provide bad credit consolidation
  • Debt settlement or debt relief services
  • 300+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Seamless approval and funding process
  • Debt relief counseling available
  • Borrow form $5000 - $150,000

Loan Calculator / Estimation Only

- - - - - - - - - - - - - - - - - - - - - Enter
  Loan Amount
  Interest rate
  Term In Yrs
- - - - - - - - - - - - - - - - - - - - - Results
  Mo. Payment
  $$ To Lender
  $$ of Interest

 

Important Information

FAQ / Privacy / Terms / Contact / Site Map

Disclaimer / Security / FICO Impact / Credits

About the WFL Lender Pool / Our Team

Ad Disclosure / APR & Fees / Collection

Default Implications / Service Areas

 

Back to Top

©2018 We Find Lenders Inc. All Rights Reserved