Payday Loans in Blossom, Texas

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

Company nameAddressZip codePhone number
Brady National Bank 101 S Blackburn St, Brady, TX 76825 +1 (325) 597 - 2104
Domino Federal Credit Union 901 W Main St, Atlanta, TX 75551 +1 (903) 796 - 0004
Security Finance 1518 W Cameron Ave, Rockdale, TX 76567
World Finance 1120 N Pacific St Suite 2, Mineola, TX 75773 +1 (903) 569 - 2014
Capital Farm Credit 1303 Parker St, Goldthwaite, TX 76844 +1 (325) 648 - 3117
Check n Go 482 TX-123, Seguin, TX 78155 +1 (830) 379 - 8400
Commerce Finance - Balcones Heights 4515 Fredericksburg Rd 9, San Antonio, TX 78201 +1 (210) 733 - 3341
Sun Loan Company 1900 N Grand Ave Ste 1924, Sherman, TX 75090 +1 (903) 771 - 0224
AFC Automotive Finance Corp. 1836 Midway Rd, Lewisville, TX 75056 +1 (469) 892 - 3491
Walmart Money Center 1620 W Church St, Livingston, TX 77351

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Blossom, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in League City, TX, Payday Loan Companies in Leander, TX, Payday Loans in Lewisville, TX, Payday Loans in Little Elm, TX, Payday Loans in Longview, TX, Short-term Loans in Lubbock, TX, Guaranteed Loans in Lufkin, TX and Payday Loan Companies in Mansfield, 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 Blossom, TX.

Payday Loans Available in Blossom, TX By The Following ZIP Codes:

75416

Are Payday Loans Legal In Blossom, 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

Blossom, TX payday loan calculator

Exploring Payday Loans in Blossom, Texas

Payday loans are a type of short-term loan that is often marketed as a way to quickly obtain cash when you need it. In Blossom, Texas, payday loans are a legal option for those who need to borrow money. However, it is important to understand the regulations and potential risks associated with these loans before deciding whether they are right for you.

How Do Payday Loans Work?

A payday loan is typically a small-dollar amount loan that you agree to repay on your next payday. To obtain a payday loan, you must provide proof of income and a valid form of identification. Depending on the lender, you may need to write a post-dated check or provide access to your bank account.

Once approved, the loan amount is typically deposited directly into your bank account or provided to you in cash. The loan must be repaid in full on your next payday or rolled over with additional fees.

Payday Loan Regulations in Blossom, Texas

As mentioned earlier, payday loans are legal in Texas. However, there are regulations in place to protect borrowers from predatory lending practices. Under Texas law, the maximum amount you can borrow via payday loan is $1,800. Additionally, lenders must clearly disclose all fees and interest rates associated with the loan.

It is essential to note that a payday loan should be considered a last resort. The interest rates on these loans can be incredibly high and can trap borrowers in a cycle of debt. In Blossom, Texas, the maximum interest rate on a payday loan is 10% per $100 borrowed, which is considered to be on the lower end compared to other states.

Benefits of Payday Loans in Blossom, Texas

While payday loans can be risky and expensive, there are situations where they can be beneficial. Some of the benefits of payday loans in Blossom include:

  • Quick and easy to obtain: The application process for payday loans is usually straightforward and can be completed quickly.
  • No credit check required: Most payday lenders do not require a credit check, which can make it easier to obtain a loan if you have poor credit.
  • Flexible repayment options: If you cannot repay the loan on your next payday, some lenders will allow you to roll over the loan for an additional fee.

Interesting Facts and Statistics on Payday Loans in Blossom, Texas

Did you know that roughly one in five Texans have taken out a payday loan? Additionally, Texas has one of the highest payday loan usage rates in the country, with over 8% of Texans reporting having taken out a payday loan in the past year.

Despite their popularity, it is worth noting that payday loans can be expensive, with the average payday loan interest rate in Texas being 533%. In 2019, the Federal Reserve Bank of Dallas reported that the average borrower in Texas took out 10.7 payday loans throughout the year, with an average loan amount of $468.

Apply Now

If you are considering a payday loan in Blossom, Texas, TheGuaranteedLoans can help. We are a connector service that can connect you with potential lenders who may be able to provide you with the funds you need. However, it is important to note that we are not a direct lender, and we do not make lending decisions. Instead, we facilitate connections between borrowers and lenders.

If you are interested in applying for a payday loan, simply fill out our online application form. We will review your application and connect you with potential lenders who may be able to provide you with a loan. Applying is free and does not obligate you to accept any loan offers.

Final Thoughts: Are Payday Loans Right for You?

Payday loans can be a viable option for those who need to obtain cash quickly. However, it is essential to understand the costs associated with these loans and to weigh the pros and cons before deciding to take one out. If you are considering a payday loan in Blossom, Texas, TheGuaranteedLoans can help connect you with potential lenders and provide you with the information you need to make an informed decision.

F.A.Q.

What are the consequences of defaulting on a payday loan in Blossom, Texas?

If a borrower defaults on a payday loan in Blossom, Texas, the lender may pursue collection efforts, including contacting the borrower's employer, contacting third-party debt collectors, or taking the borrower to court. Defaulting on a payday loan can also have a negative impact on the borrower's credit score.

Can I apply for a payday loan online in Blossom, Texas?

Yes, many payday lenders in Blossom, Texas offer the option to apply for a loan online. This can be a convenient option for borrowers who prefer to apply from the comfort of their own home or who do not have access to a physical payday loan store.