Payday Loans in Covington, Texas

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

Company nameAddressZip codePhone number
Cash Store 231 Enterprise Blvd Ste 1, Hewitt, TX 76643 +1 (254) 666 - 8288
Sabine State Bank and Trust Company 565 E Gibson St, Jasper, TX 75951 +1 (409) 384 - 5300
Check n Go 2409 Lakeview Pkwy Ste 100, Rowlett, TX 75088 +1 (972) 412 - 8321
Texas TitlePro 708 Hurst St, Center, TX 75935 +1 (936) 591 - 8221
World Finance 825 N University Dr, Nacogdoches, TX 75961 +1 (936) 564 - 9640
PLS Check Cashing Store 6868 Spencer Hwy 101, Pasadena, TX 77505 +1 (281) 998 - 2400
Security Finance 2300 7th St Suite 200, Bay City, TX 77414 +1 (979) 245 - 1090
NavyArmy Community Credit Union 4802 Crosstown Expy, Corpus Christi, TX 78415 +1 (800) 622 - 3631
TitleMax Title Loans 5060 River Oaks Blvd, River Oaks, TX 76114 +1 (817) 378 - 0355
Security PayDay Loans 32823 FM2978, Magnolia, TX 77354 +1 (281) 984 - 0876

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Covington, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Copperas Cove, TX, Payday Loans in Corpus Christi, TX, Same Day Loans in Dallas, TX, Guaranteed Loans in Deer Park, TX, Bad Credit Loans in Del Rio, TX, Payday Loans in Denton, TX, Payday Loan Companies in DeSoto, TX and Payday Loan Without a Credit Check in Duncanville, 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 Covington, TX.

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

76636

Are Payday Loans Legal In Covington, 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

Covington, TX payday loan calculator

Understanding Payday Loans in Covington, Texas

Life can be unpredictable, and emergencies can arise when you least expect them. When you need quick access to cash, payday loans in Covington, Texas, can offer a solution. Payday loans are short-term loans that can help bridge the gap between paychecks. In Texas, payday loans are legal, and many lenders are available to help you through difficult times. In this article, we’ll discuss everything you need to know about payday loans in Covington, Texas.

What are Payday Loans?

Payday loans are high-interest loans that are typically due on your next paycheck. They are intended to help you cover unexpected expenses or bills while you wait for your next payday. Payday loans offer a quick and easy way to obtain cash when you need it the most.

How Do Payday Loans Work in Covington, Texas?

In Covington, Texas, payday loans are regulated by the Texas Finance Code. To obtain a payday loan, you must be at least 18 years old and have a steady source of income. You will need to provide your lender with a post-dated check, which the lender will cash on your payday. Alternatively, you may authorize the lender to withdraw the loan amount from your bank account electronically. It’s essential to understand that payday loans come with high-interest rates and fees. In Texas, payday loans have an average APR of 661.78%.

What Are the Benefits of Payday Loans in Covington, Texas?

  • Quick access to cash: Payday loans provide quick access to cash, which is especially useful in emergencies.
  • Easier to qualify for: Unlike traditional bank loans, payday loans are easier to qualify for because they have fewer requirements.
  • No collateral required: Payday loans are unsecured, which means you don’t need to provide collateral to obtain one.
  • Convenient: Payday loans are available online, making it easy to apply and receive funds without leaving your home.

What Are the Risks of Payday Loans in Covington, Texas?

  • High-interest rates: Payday loans come with high-interest rates and fees, which can make them very expensive in the long run.
  • Debt trap: If you’re unable to repay your loan on time, you may get caught in a debt trap, where you continually roll over your loan and incur additional fees and interest.
  • Dishonest lenders: Unfortunately, some payday lenders are dishonest and may engage in predatory lending practices.

Interesting Facts About Payday Loans in Covington, Texas

  • In 2020, Texas residents took out over 10 million payday loans, totaling over $7.5 billion.
  • The average payday loan amount in Texas is $500, with an average repayment period of 14 days.
  • In Texas, if you’re unable to repay your payday loan on time, your lender must offer you an extended payment plan at no additional cost.

Apply Now

If you need quick access to cash, TheGuaranteedLoans can help you find a lender willing to offer you a payday loan in Covington, Texas. We are a connector service, not a direct lender, and we work with a network of trusted lenders to help you get the funds you need. Apply now to get started!

Remember that payday loans should only be used in emergencies and that they come with high-interest rates and fees. Make sure you understand the loan’s terms and conditions before accepting it and have a plan for repaying it on time to avoid additional fees and interest. Stay informed and make informed financial decisions to help you stay on top of your finances.

F.A.Q.

How do I compare payday loan options in Covington, Texas?

When comparing payday loan options in Covington, Texas, it is important to consider factors such as the interest rate, fees, repayment terms, and overall cost of the loan. It is also important to research the lender and read reviews from other customers before making a decision.

Can I file a complaint about a payday lender in Covington, Texas?

Yes, if you have a complaint about a payday lender in Covington, Texas, you can file a complaint with the Texas Office of Consumer Credit Commissioner. This office is responsible for regulating payday lenders and enforcing consumer protection laws.