Payday Lending & Minimum Wage Won’t be on Missouri Ballot

For the time being, these residents have the option of taking out a traditional installment loan—a safe, affordable lending option that would give them the small-dollar loan they need without fear of balloon payments. However, this type of lending is being threatened in Missouri by the Payday Ballot Initiative. A Missouri judge has dealt a setback to supporters of a ballot proposal that would limit interest rates on payday loans. Sports Alliance-Manufacturers Representatives Company. Videos Stand Up Missouri.

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Apr 15,  · This is part one of a series on how high-cost lenders beat back a Missouri ballot initiative that would have capped the annual rate of payday and . Payday loan ballot initiative missouri & your cash advance source & apply now! Jay’s Beverage is a new look at office coffee supply. Not limited to strictly coffee but expanding the product list to include sodas, snacks, supplies, and many other products. Initiative Petitions Approved for Circulation in Missouri Statutory Amendment to RSMo Chapters and , Relating to Payday, Title, Installment, and Consumer Credit Loans, version 2.

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Consumers are voicing concern over losing access to safe and affordable credit. Clearly, that can be a mistake when the public is being sold a bill of goods by these groups.

Thanks for this great letter to the editor, Dexter Daily Statesman newspaper, explaining the importance of traditional installment loans when unexpected expenses come up. Where would you go if you just needed to get a small loan? Local community members, along with residents across the state, are faced with difficult emergency situations and could use a little extra help to soften the financial blow.

For the time being, these residents have the option of taking out a traditional installment loan—a safe, affordable lending option that would give them the small-dollar loan they need without fear of balloon payments.

However, this type of lending is being threatened in Missouri by the Payday Ballot Initiative. Just say no thank you to signing the Payday Ballot Initiative. Help your neighbors and community members in need and Decline to Sign.

This article is timely with all of the storm damage across the country recently. When Joplin, MO was hit by twisters a year ago, traditional installment lenders were there to help in spite of the fact that they also sustained damage from the storms. It is all about community. It asks for residents to sign a petition that would virtually eliminate all small-dollar loans.

Learn the facts before signing away your choice to credit. Decline to sign, and preserve the loans that have helped Joplin through both good and bad times. Sections of this page. Email or Phone Password Forgot account? See more of Stand Up Missouri on Facebook.

Stand Up Missouri Organization. Elect Dennis Lagares Jr for U. Senate Political Organization. Eze gqom lapho Song. Lissa's Designs Household Supplies. Tod's House of Toast Restaurant. Jonathan Cutler Photography Photographer.

Sports Alliance-Manufacturers Representatives Company. Kimmerdoll Fruitstand Local Business. Omalinda Enterprises Consulting Agency. Pages Liked by This Page. Clayton Homes of Joplin. Installment Lenders Already Make Small-Dollar Loans Work Installment lenders have been successfully serving their communities with small-dollar credit for close to years, and have been effectively regulated at the state level. Fleming-Pierre says the legal hurdles to meet before the September 21 deadline for putting the measures on the November ballot were too tough to overcome.

Missouri currently has the highest interest rate cap in the nation at 1, That's also the same rate military families receive thanks to federal law. You are commenting using your WordPress. You are commenting using your Twitter account. You are commenting using your Facebook account.

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