Payday Loans in Concord, Texas

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

Company nameAddressZip codePhone number
Frost Bank 2700 N County Rd W, Odessa, TX 79764 +1 (432) 617 - 1200
Texas Car Title & Payday Loan Services, Inc. 3608 Kell W Blvd, Wichita Falls, TX 76309 +1 (940) 691 - 0758
Western Finance 1812 Avenue Q, Lubbock, TX 79401 +1 (806) 762 - 4673
EZ Money 1012 Santa Ursula Ave, Laredo, TX 78040 +1 (956) 795 - 0823
PLS Financial Services 9155 Dyer St, El Paso, TX 79924 +1 (915) 307 - 8344
First National Bank of Bastrop 312 Main St, Smithville, TX 78957 +1 (512) 321 - 2561
Check n Go 3523 Palmer Hwy, Texas City, TX 77590 +1 (409) 945 - 4492
Cash Store 10705 Gateway Blvd W Ste 103, El Paso, TX 79935 +1 (915) 591 - 9890
City National Bank - San Saba 209 E Brown St, San Saba, TX 76877 +1 (325) 372 - 5721
Covington Credit 1652 W Henderson St, Cleburne, TX 76033 +1 (817) 556 - 4684

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Concord, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in College Station, TX, Payday Loans in Conroe, TX, Payday Loan for Coppell, TX, Payday Loans in Copperas Cove, TX, Payday Loans in Corpus Christi, TX, Payday Loans in Dallas, TX, Payday Loans in Deer Park, TX and Payday Loans in Del Rio, 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 Concord, TX.

Are Payday Loans Legal In Concord, 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

Concord, TX payday loan calculator

The Ins and Outs of Payday Loans in Concord, Texas

When you’re in a bind and need quick cash, payday loans can seem like an attractive option. In Concord, Texas, payday loans are legal, but what exactly are they? How do they work? Are there any risks and pitfalls to be aware of?

What are Payday Loans?

Payday loans are short-term loans designed to tide borrowers over until their next paycheck. These loans typically have high-interest rates and fees, making them a costly option for borrowing money. They are also called cash advances, check advances, or paycheck advances.

In Concord, Texas, payday loans are legal and regulated by the Texas Office of Consumer Credit Commissioner. To receive a payday loan, you must be at least 18 years old, have a valid government-issued ID, proof of income, and an active checking account.

How do Payday Loans Work?

The borrower writes a postdated check or authorizes an electronic funds transfer for the amount borrowed plus fees. The lender holds onto the check or access to the borrower’s account until the loan is due, usually the borrower’s next payday. In Concord, Texas, payday loans typically have a maximum term of 180 days or less.

While payday loans are marketed as a quick fix for temporary financial setbacks, they can quickly become a cycle of debt. The high-interest rates and fees make it difficult for borrowers to pay off the loan on time, causing them to roll over the loan or take out another one to cover the original loan, creating a cycle of debt.

The Risks and Pitfalls of Payday Loans

While payday loans can be a lifeline for those in need of emergency cash, they come with risks and pitfalls. The most significant risk is the high-interest rates and fees, which can trap borrowers in a cycle of debt.

Another risk is that some predatory lenders do not disclose the full terms of the loan, including fees and interest rates. Borrowers may find themselves owing much more than expected and unable to repay the loan on time.

Here are some things to keep in mind when considering a payday loan:

  • Payday loans should be a last resort, used only in emergencies.
  • Avoid rolling over a payday loan or taking out multiple loans to cover the original loan.
  • Understand the full terms of the loan, including fees and interest rates, before accepting the loan.
  • Make sure you can repay the loan on time to avoid a cycle of debt.

Interesting Facts About Payday Loans in Concord, Texas

  • According to the Texas Office of Consumer Credit Commissioner, Texans took out more than 2 million payday loans in 2020, totaling more than $2.1 billion.
  • Payday lenders in Texas charge an average APR of 400%. The national average for payday loans is around 400%, according to the Consumer Financial Protection Bureau.
  • Research from The Pew Charitable Trusts found that 12 million Americans use payday loans each year, spending an average of $520 in interest and fees on a $375 loan.

Apply Now

If you find yourself in need of emergency cash in Concord, Texas, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is simple and straightforward, and we work with a network of trusted lenders to help you find the best loan option for your needs. Remember, TheGuaranteedLoans is a connector service and not a direct lender. Apply now and get the quick cash you need to cover unexpected expenses.

Disclaimer: TheGuaranteedLoans is not a direct lender. Our connecting service matches your application with potential lenders based on your requirements, but we do not lend funds directly. TheGuaranteedLoans is a registered trademark of TheGuaranteedLoans LLC.

F.A.Q.

Are payday loans legal in Concord, Texas?

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

How much can I borrow with a payday loan in Concord, Texas?

The maximum amount that can be borrowed with a payday loan in Concord, Texas is $500. However, lenders may not lend more than 20% of the borrower's gross monthly income or 25% of their net income.