Payday Loans in Collegeport, Texas

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

Company nameAddressZip codePhone number
BBVA Bank 504 Live Oak St, Marlin, TX 76661 +1 (254) 883 - 5521
Pazera Capital Management Inc 1899 N Live Oak St, Rockport, TX 78382 +1 (361) 790 - 8788
TitleMax Title Loans 6871 N Fry Rd Suite 116, Katy, TX 77449 +1 (281) 691 - 6677
Time Plan Title Loans 1808 Santa Fe Dr, Weatherford, TX 76086 +1 (817) 594 - 5136
Check 'n Go 7312 Louetta Rd, Spring, TX 77379
World Finance Corporation 821 Sheldon Rd e, Channelview, TX 77530
Atlas Credit Co., Inc. 311 E Moore Ave, Terrell, TX 75160 +1 (972) 563 - 5830
Schneider Frazee & Matocha PC 320 N Jefferson St, La Grange, TX 78945 +1 (979) 968 - 9575
Swift Cash 1917 Crockett Rd 1, Palestine, TX 75801 +1 (903) 723 - 3336
First State Bank of Uvalde 302 Pena St, Carrizo Springs, TX 78834 +1 (830) 876 - 3593

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Collegeport, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Austin, TX, Payday Loans in Baytown, TX, Payday Loans in Beaumont, TX, Guaranteed Loans in Bedford, TX, Payday Loans in Brownsville, TX, Quick Loan in Bryan, TX, Payday Loans in Burleson, TX and Payday Loans in Carrollton, 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 Collegeport, TX.

Are Payday Loans Legal In Collegeport, 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

Collegeport, TX payday loan calculator

Understanding Payday Loans in Collegeport, Texas

Payday loans have become a popular solution for many people in need of emergency funds. If you find yourself in a similar situation in Collegeport, Texas, applying for a payday loan might be an option worth considering. But before making any decisions, it’s important to understand how payday loans work, their benefits and drawbacks, and the legal requirements for getting a loan in Collegeport, Texas.

What Are Payday Loans and How Do They Work?

A payday loan is a type of short-term borrowing that typically lasts for two weeks or until the borrower’s next payday. These loans are designed to help people make ends meet during financial emergencies, with the understanding that the funds will be paid back with their next paycheck.

To apply for a payday loan in Collegeport, Texas, you need to provide proof of income, a valid ID, and a checking account. Once you’ve been approved for a loan, the funds will usually be deposited directly into your checking account. When the loan comes due, the lender will typically withdraw the amount borrowed plus fees from your bank account.

Benefits and Drawbacks of Payday Loans

Payday loans can offer quick access to cash for people who might not qualify for other forms of credit due to poor credit history or employment status. Payday loans also typically have less stringent requirements for approval, allowing borrowers to obtain funds quickly and easily.

However, payday loans can also carry high interest rates and fees, which can add up quickly if the loan is not paid back on time. In addition, payday loans often target people who are already struggling financially, making it easy for them to get trapped in a cycle of debt.

Legal Requirements for Getting a Payday Loan in Collegeport, Texas

Payday loans are legal in Texas, but there are strict regulations in place to protect consumers from abusive lending practices. In Collegeport, Texas, lenders are required to disclose the terms of the loan in writing, including the APR, fees, and repayment schedule.

In addition, lenders must provide borrowers with a written agreement that clearly outlines the terms of the loan, including the amount borrowed, fees, and due date. Borrowers also have the right to cancel the loan within three business days without penalty or fees.

Interesting Facts and Statistics about Payday Loans in Collegeport, Texas

  • As of 2019, Texas had the highest number of payday lending locations in the United States, with over 3,300 stores across the state.
  • In 2019, Texas lawmakers passed a bill that increased the maximum amount of a payday loan to $1,800, up from a previous limit of $1,500.
  • A 2018 study by the Consumer Financial Protection Bureau found that the average payday loan borrower took out 10 loans per year, while 20% of borrowers took out 20 or more loans per year.

Apply Now for a Payday Loan in Collegeport, Texas

Need emergency funds? Apply now for a payday loan through TheGuaranteedLoans. We are a connector service, not a direct lender, and we will work to facilitate a connection between you and potential lenders in Collegeport, Texas. Our application process is quick and easy, with funds usually deposited within 24 hours.

Please note that payday loans should only be used in emergencies and are not intended as a long-term financial solution. Be sure to read the terms and conditions of any loan offer carefully before accepting it.

In conclusion

Payday loans can be a helpful option for people in need of emergency funds. However, it’s important to understand the benefits and drawbacks of these loans, as well as the legal requirements for getting a loan in Collegeport, Texas. To avoid falling into a cycle of debt, always borrow responsibly and only take out payday loans in emergencies.

F.A.Q.

What is the interest rate on payday loans in Collegeport, Texas?

The interest rate on payday loans in Collegeport, Texas is determined by the lender. The maximum allowable interest rate is set by state law at 661% APR.

How do I apply for a payday loan in Collegeport, Texas?

To apply for a payday loan in Collegeport, Texas, you will need to provide proof of income and identification, as well as a valid checking or savings account. You can apply online or in person at a payday loan store.