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

Asked almost 2 years ago - 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)

  1. Ronald Jay Eisenberg

    Contributor Level 15


    Lawyer agrees

    Answered . 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... more

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