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What is the statute of limitations on payday loans in Missouri?

Poplar Bluff, MO |

I took out a payday loan at advance America almost 7 years ago and now they are threatening me with legal action . I was wondering if I should settle or if there was a statute of limitations that has passed .

Attorney Answers 1


10 years on a written promise to pay. With interest, the sum sought may be shockingly large. Try to negotiate a discount, or have an attorney do so if you can afford an attorney.

My comments are general in nature, are not legal advice as to your specific issue, and do not establish an attorney-client relationship. Disregard this solicitation if you have already engaged a lawyer in connection with the legal matter referred to in this solicitation. You may wish to consult your lawyer or another lawyer instead of me. The exact nature of your legal situation will depend on many facts not known to me at this time. You should understand that the advice and information in this solicitation is general and that your own situation may vary. This statement is required by rule of the Supreme Court of Missouri.

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