Missouri payday lenders shift to loans that are installment. However the study figures paint a picture that is incomplete.

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Pay day loan, pay, cash, funds from shutterstock.com Payday financing volume in Missouri has declined dramatically in the past few years, relating to a situation survey released this month. On very first look, the study would seem to be good news to consumer teams which can be fighting to restrict the accessibility to high-interest, short-term loans. The loans are argued …