07 May Missouri: Software Solutions for Chapter 408 Payday Lenders
Making money in the Missouri Payday lending business can feel like running an obstacle course. Financial Software Systems has been in the race a long time, and knows the quickest way to the finish line.
Missouri closely regulates the calculation of all loan charges and fees for loans made under section 408.500 statutes, including late charges, legal fees, as well as all applicable refund calculations. Our Loan Professional software is designed to navigate this statutory landscape, and take the guesswork out of booking and servicing loans in Missouri.