Payday Loans in Cunningham, Texas

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Security Finance 202 E Rice St, Falfurrias, TX 78355
Chacon Autos N, 13581 US-183 100, Austin, TX 78750 +1 (512) 375 - 3950
Freddy's Fast Cash 1101 E 5th St, Tyler, TX 75701 +1 (833) 373 - 3391
30 Quick Lending 3621 N Zaragoza Rd, El Paso, TX 79938 +1 (915) 320 - 8144
Stripes Check Cashing Machine 5801 19th St, Lubbock, TX 79407 +1 (806) 792 - 9682
Shamrock Finance 1103 E University Dr, Edinburg, TX 78539 +1 (956) 316 - 0300
First Cash Advance 13005 Josey Ln, Farmers Branch, TX 75234 +1 (972) 241 - 4743
Cash Store 351 FM 548 Ste 108, Forney, TX 75126
Citizens Bank 425 NW Loop, Carthage, TX 75633 +1 (903) 694 - 4200
Fidelity Bank 202 W Wichita St, Henrietta, TX 76365 +1 (940) 538 - 6262

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cunningham, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Lewisville, TX, Payday Loans in Little Elm, TX, Payday Loans in Longview, TX, Payday Loan Without a Credit Check in Lubbock, TX, Payday Loans in Lufkin, TX, Payday Loans in Mansfield, TX, Payday Loan Companies in McAllen, TX and Payday Loans in McKinney, 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 Cunningham, TX.

Are Payday Loans Legal In Cunningham, 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

Cunningham, TX payday loan calculator

Understanding Payday Loans in Cunningham, Texas

Payday loans are a type of short-term loan that can provide cash in a pinch. These loans are relatively easy to obtain and are designed to be paid back with the borrower’s next paycheck. In Texas, payday loans are legal, but there are specific regulations that lenders must comply with.

How Do Payday Loans Work?

Payday loans are typically small, ranging from a few hundred dollars to a few thousand. Borrowers typically apply for these loans online and receive the funds within one or two business days. The loan is usually due within two weeks, although this can vary depending on the lender.

When a borrower takes out a payday loan, they provide the lender with a post-dated check or access to their bank account. On the due date, the lender will cash the check or withdraw funds from the borrower’s account.

Regulations in Texas

Payday loans are legal in Texas, but the state has implemented several regulations to protect borrowers. For example, there is a cap on how much a lender can charge in interest and fees. Additionally, borrowers cannot take out more than one loan at a time and cannot renew a loan more than three times.

Recently, there has been some controversy over changes to the regulations governing payday lending in Texas. The Consumer Financial Protection Bureau (CFPB) announced that it would be rolling back some regulations that were put in place to protect borrowers. These changes have been criticized by consumer advocacy groups, who say that payday lenders could take advantage of vulnerable individuals.

The Pros and Cons of Payday Loans

Like any financial product, payday loans have both advantages and disadvantages. Some of the potential benefits of payday loans include:

  • Easy to obtain, even with poor credit
  • Provides quick access to cash in an emergency
  • No collateral is required

However, there are also risks associated with payday loans:

  • High fees and interest rates
  • Can lead to a cycle of debt if not repaid on time
  • May be a less expensive alternative available, such as a personal loan or credit card

Interesting Facts and Statistics

According to the Texas Office of Consumer Credit, the average payday loan in Texas is $475, and the average APR is 545%. The office also reports that over 80% of payday loans in the state are renewed or rolled over, indicating that many borrowers struggle to repay these loans on time.

Another interesting fact is that Texas has more payday lenders than McDonald’s and Whataburger locations combined. In fact, there are more than 3,000 payday lender storefronts in the state.

Apply Now

If you’re considering a payday loan and live in Cunningham, Texas, TheGuaranteedLoans may be able to help connect you with potential lenders. As a connector service, we don’t provide loans directly, but we can facilitate the process of finding a lender who meets your needs. To begin the process, fill out our online application today. Our service is free, and there’s no obligation to accept any offers.

Conclusion

Payday loans can be a helpful tool for those who need quick access to cash. However, it’s important to understand the risks associated with these loans and to make an informed decision before borrowing. In Texas, payday loans are legal but regulated by the state. If you’re considering a payday loan, be sure to read the terms and conditions carefully and consider all of your options before borrowing.

F.A.Q.

What are the repayment terms for payday loans in Cunningham, Texas?

Repayment terms for payday loans in Cunningham, Texas vary by lender, but most require repayment within 14 days. Some lenders may offer extended repayment plans, but this may result in additional fees and interest charges.

Are there any restrictions on how payday loans can be used in Cunningham, Texas?

Yes, payday loans in Cunningham, Texas can only be used for short-term financial needs and cannot be used to pay off existing loans or credit card debt.