The Loan Spot Payday Loans Review

4 6 reviews

Loan agency in Jefferson County, Missouri

Organization owner?

3861 W Outer Rd, Arnold, MO 63010, USA

+1 (636) 282-5626

What people think about The Loan Spot?

Below you see some of the reviews of our customers.

Melissa is wonderful to work with.

Nona Murphy

Would never recommend this place to anyone.

Jed Parker

Pay Attention

The above-given information provides the details about a definite lender. The information below is about general information about payday loans.

Payday Loans in Arnold, Maryland

A payday loan is a small, short-term loan that's meant to be repaid with the borrower's next paycheck. Amounts typically range from $100 to $1,000.

Payday loans are the easiest loans to be eligible in Arnold, Maryland. The entire process is hassle-free. They are issued right away and come with individual interest rate. It will be influenced by the borrower’s personal data.

APR

33% APR cap (2.75% a month)

Why people apply for payday loans?

70%

Car expenses

50%

Treatment

40%

Vacation

30%

Clothes

30%

Home improvement

Payday loans for bad credit

A low credit score doesn't have to prevent you from applying for payday loans. They are one of the few short-term loan products offered to applicants with a bad credit history. Payday loan approvals depend very much on other circumstances. Payday companies will look at your earnings and subtract all your expenses. Usually, your score won’t be damaged by a payday loan, as long as you repay it in full and as agreed in the contract.

To get accepted for a cash advance, you have to meet the following eligibility criteria:

be 18 years old or older;
be a U.S. citizen or permanent resident;
be employed and have a steady income;
have a valid checking account in your name;
have an email address and phone number.

Rate Your Credit Score

Low

Low Rate

300

Lower than Average

579

No ability to get a loan
No ability to rent a room

Average

Average Rate

670

High Rate

739

80% of loan approval
Apply for all loan types

Perfect

Great Score

740

Perfect Score

799

95% of loan approval
Apply for all loans including mortgage

Rate your APR

Find out the APR right now. Use this online calculator to specify the definite cost of your payday loan. It only takes 30 seconds to become informative even before applying.