Payday Loans in Barnhart, Texas

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No payday loan companies in Barnhart, TX. Consider companies in other cities:

Company nameAddressZip codePhone number
Cash America Pawn 906 E Hwy 67, Duncanville, TX 75137 +1 (972) 296 - 4407
Highway 380 Pawn 5510 E Us Highway 380, Princeton, TX 75407 +1 (972) 734 - 6212
Worth Finance Corporation 550 N Hwy 123 Bypass 154, Seguin, TX 78155 +1 (830) 372 - 3244
First Financial Bank 1490 E Main St, Midlothian, TX 76065 +1 (817) 556 - 5050
DATCU Credit Union 1900 Briarhill Blvd, Highland Village, TX 75077 +1 (940) 387 - 8585
TitleMax Title Loans 10924 Garland Rd, Dallas, TX 75218 +1 (214) 321 - 0273
Capital Farm Credit, Home Loan Department 3000 Briarcrest Dr 501, Bryan, TX 77802 +1 (979) 776 - 7361
First Cash Pawn 1421 S 23rd St, McAllen, TX 78501 +1 (956) 687 - 6161
Security Finance 202 E Rice St, Falfurrias, TX 78355
Security Finance 2801 Highway 180 E, Ste 27, Mineral Wells, TX 76067 +1 (940) 328 - 1172

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Barnhart, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Rowlett, TX, Emergency Loan in San Angelo, TX, Payday Loans in San Antonio, TX, Quick Loan in San Juan, TX, 24-Hour Loan in San Marcos, TX, Payday Loan Without a Credit Check in Schertz, TX, Payday Loans in Sherman, TX and Payday Loans in Socorro, TX. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Barnhart, TX.

Are Payday Loans Legal In Barnhart, Texas?

Loan Rates and Fees, Laws and Regulations in Texas.

Texas Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)662
Maximum Loan AmountNot Specified
Minimum Loan Term7 days
Maximum Loan TermVaries
Number of Rollovers Allowed0
Finance Charges>$30 => $1 for each $5 [$30 – $100] => 1/10 of the loan amount + $3 /mo (<$35) [$35 – $70] => $3.50/mo + $4/mo (>$70) >$100 => $10 + $4/mo for each $100

Barnhart, TX payday loan calculator

Understanding Payday Loans in Barnhart, Texas

If you’re in a financial crunch and need quick cash, a payday loan may be the solution to your problem. A payday loan is a short-term loan that usually lasts two weeks to a month. In Texas, payday loans are legal. They are governed by rules and regulations outlined by the Texas Office of Consumer Credit Commissioner (OCCC).

How Do Payday Loans Work?

Payday loans are relatively easy to obtain. All you need is a steady income, proof of residence, and a bank account. Typically, you write a check to the lender for the amount borrowed plus fees and interest. The lender holds onto the check until your next payday, when they cash it to recoup their money.

If you can’t repay the full amount on your next payday, you may be able to roll over the loan. This means you extend the term of the loan by paying extra fees and interest. However, this can add up, leading to a cycle of debt that becomes difficult to escape from.

What Are the Fees and Interest Rates?

The fees for payday loans in Texas vary depending on the lender. Typically, you can expect to pay between $10 to $30 per $100 borrowed. Additionally, interest rates can range from 200% to 500%. That means if you borrow $500, you may end up paying back as much as $1,500 total.

Are There Any Risks?

Yes, there are risks associated with payday loans. Since the fees and interest rates are so high, it can be challenging to pay back the full amount on time. If you’re unable to pay back the loan, you may find yourself in a cycle of debt that’s difficult to escape from. This can lead to additional fees and interest, which only add to the overall amount you owe.

Additionally, you should be aware of scams. Not all payday lenders are reputable. Some may try to take advantage of your situation by charging exorbitant fees or adding hidden charges. You should always read the terms and conditions of the loan agreement carefully before signing. If something seems too good to be true, it probably is.

How to Apply for a Payday Loan

If you’re looking to apply for a payday loan in Barnhart, Texas, there are a few things you need to know. First, you must be at least 18 years old and have a valid government ID. You must also be a Texas resident and have proof of income and residency.

To apply, you can visit a payday lender in person or apply online. If you choose to apply in person, you’ll need to bring your ID, bank statement, and proof of employment. If you apply online, you’ll need to provide this information electronically.

Interesting Facts and Statistics About Payday Loans in Barnhart, Texas

  • Payday loans are legal in Texas, but interest rates are capped at 10%.
  • In 2019, approximately 1.7 million payday loans were issued in Texas.
  • The average payday loan amount in Texas is $470.
  • The average APR for a payday loan in Texas is 400%.
  • About 1 in 5 borrowers in Texas end up defaulting on their payday loan.

Apply now for a Payday Loan in Barnhart, Texas

If you’re in need of a payday loan, you can get started on TheGuaranteedLoans website. We are a connector service, not a direct lender. We work with a network of reputable lenders who are ready to help you get the cash you need. To get started, simply fill out our online application, and we’ll connect you with lenders who may be able to provide you with the funds you need. Remember to borrow responsibly and only take out a payday loan if you can afford to repay it on time.

F.A.Q.

What are the alternatives to payday loans in Barnhart, Texas?

There are several alternatives to payday loans in Barnhart, Texas, including borrowing from friends or family, applying for a personal loan from a bank or credit union, or using a credit card. It is also possible to apply for assistance from government programs or nonprofit organizations, or to negotiate payment plans with creditors. It is important to carefully research and compare your options before deciding on a course of action.

Are payday loans legal in Barnhart, Texas?

Yes, payday loans are legal in Barnhart, Texas. The Texas Office of Consumer Credit Commissioner regulates the payday lending industry in the state.