Payday Loans in Danbury, Texas

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

Company nameAddressZip codePhone number
Hemphill County Abstract Co 102 N 5th St, Canadian, TX 79014 +1 (806) 323 - 9262
Liberal Finance & Thrift Corporation 118 Broadway 524, San Antonio, TX 78205 +1 (210) 227 - 0701
Toledo Finance Corporation 120 E Simmons St 101, Weatherford, TX 76086 +1 (817) 598 - 0601
Excel Finance 668 E Grant St C, Roma, TX 78584 +1 (956) 462 - 0776
Community Bank of Texas 6200 FM 2100, Crosby, TX 77532 +1 (281) 328 - 4811
Education First Federal Credit Union 333 S 5th St, Silsbee, TX 77656 +1 (409) 898 - 3770
Prime Lending 5700 Granite Pkwy, Frisco, TX 75034 +1 (214) 705 - 7704
Sun Loan Company 2305 Ave F NW Ste 300, Childress, TX 79201 +1 (940) 226 - 0217
Texas Bank 501 E Hall St, Bangs, TX 76823 +1 (325) 752 - 6331
Security Finance 1100 Pasadena Blvd 100, Pasadena, TX 77506 +1 (713) 472 - 5626

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Danbury, TX, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Friendswood, TX, Payday Loans in Frisco, TX, Payday Loans in Galveston, TX, Guaranteed Loans in Garland, TX, Payday Loans in Georgetown, TX, Payday Loan for Grand Prairie, TX, Quick Loan in Grapevine, TX and Payday Loans in Haltom City, 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 Danbury, TX.

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

77534

Are Payday Loans Legal In Danbury, 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

Danbury, TX payday loan calculator

Payday Loans in Danbury, Texas: A Comprehensive Guide

Payday loans have become increasingly popular in the United States in recent years, especially as traditional lending institutions have tightened their lending criteria. Payday loans are short-term loans that are meant to be repaid on the borrower’s next payday, usually within two to four weeks.

If you’re looking for payday loans in Danbury, Texas, this comprehensive guide will provide you with everything you need to know, from the requirements to the application process, and the pros and cons of taking out a payday loan.

How Do Payday Loans Work in Texas?

In Texas, payday loans are legal, but the state has established specific laws and regulations to protect its citizens from predatory lending practices. These regulations include:

  • Maximum Loan Amount: The maximum amount that can be loaned is $1,800.
  • Maximum Term: The maximum loan term is 180 days.
  • Costs and Fees: Lenders can only charge fees that allow for recovering the costs of the loan. APR cannot exceed 10% of the loan, and the interest rate cannot be higher than 48% per annum, including all fees and charges.

Requirements for Payday Loans in Danbury, Texas

Before you can apply for a payday loan in Danbury, Texas, you must meet the following requirements:

  • You must be at least 18 years old.
  • You must be a U.S. citizen or a permanent resident.
  • You must have a regular income, which can include Social Security or disability benefits.
  • You must have a valid checking account.
  • You must have a valid phone number and email address.

The Application Process for Payday Loans in Danbury, Texas

The application process for payday loans in Danbury, Texas is relatively easy and straightforward, and most lenders offer online applications, which makes it even more convenient. Here are the main steps:

  • Fill out the application: You have to provide your personal and financial information, employment details, and the amount you wish to borrow.
  • Submit the application: Once you’ve completed the application, submit it for approval.
  • Wait for approval: Most lenders will give you a response within minutes.
  • Receive funds: If your application is approved by the lender, the money will be deposited into your checking account.

Pros and Cons of Payday Loans in Danbury, Texas

While payday loans can be a convenient way to borrow money in a hurry, they’re not without their disadvantages. Here are some pros and cons to consider:

Pros:

  • Quick and easy application process
  • No credit check required
  • Same-day funding options
  • Can be used for any purpose

Cons:

  • High interest rates and fees
  • Short repayment terms can lead to a debt cycle
  • Can damage your credit score if not repaid on time
  • Not a long-term solution to financial problems

Interesting Facts About Payday Loans in Danbury, Texas

As of 2021, there are over 2,000 licensed payday lenders operating in Texas, making it one of the most payday lender-dense states in the country. In 2020, Texans borrowed over $9 billion from payday lenders, and the average APR on these loans was 664%. This highlights the importance of being aware of the terms and conditions of any payday loan you take out in order to avoid the cycle of debt.

Apply Now for a Payday Loan in Danbury, Texas

Ready to apply for a payday loan in Danbury, Texas? TheGuaranteedLoans can help you find a lender that meets your needs. Please note that we are not a direct lender, but a connector service that facilitates the connection between borrowers and potential lenders. To apply for a payday loan, simply fill out the online application form on our website, and we’ll do the rest!

F.A.Q.

What happens if I cannot repay my payday loan in Danbury, Texas on time?

If you are unable to repay your payday loan in Danbury, Texas on time, you may be charged late payment fees and your loan may be subject to collection actions. You may also be charged additional interest on any unpaid balances. It is important to contact your lender as soon as possible if you are unable to make your scheduled loan payments, so that they can work with you to find a solution.

Can I extend my payday loan in Danbury, Texas?

Yes, you may be able to extend your payday loan in Danbury, Texas if you are unable to repay it on time. This is commonly known as rolling over the loan, and it may involve additional fees and charges. It is important to carefully consider the potential consequences of extending your payday loan before deciding to do so.