Payday Loans in Edmonson, Texas

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

Company nameAddressZip codePhone number
H&R Block 602 S 2nd St, Floydada, TX 79235 +1 (806) 402 - 4060
Allied Cash Advance 9942 Farm to Market 1960 Bypass, Humble, TX 77338 +1 (281) 319 - 4396
Vantage Bank Texas 1401 19th St, Hondo, TX 78861 +1 (830) 426 - 3041
Check n Go 2112 Harwood Rd, Bedford, TX 76021 +1 (817) 685 - 7970
NewFirst National Bank 202 E Jackson St, El Campo, TX 77437 +1 (979) 543 - 3349
People's Finance Co 108 S Houston Ave, Cameron, TX 76520 +1 (254) 697 - 3600
CashMax Title & Loan 1414 E Tyler St, Athens, TX 75751 +1 (903) 677 - 9575
Check n Go 8653 N Beach St Suite 229, Keller, TX 76248 +1 (817) 431 - 4630
FirstCapital Bank of Texas 9891 FM2147, Horseshoe Bay, TX 78657 +1 (830) 613 - 3609
AgTexas Farm Credit Services 1316 Corsicana Hwy, Hillsboro, TX 76645 +1 (254) 582 - 2471

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Edmonson, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Pflugerville, TX, Emergency Loan in Pharr, TX, Short-term Loans in Plano, TX, Payday Loans in Port Arthur, TX, Payday Loans in Richardson, TX, Payday Loans in Rockwall, TX, Payday Loans in Rosenberg, TX and Payday Loans in Round Rock, 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 Edmonson, TX.

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

79032

Are Payday Loans Legal In Edmonson, 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

Edmonson, TX payday loan calculator

Understanding Payday Loans in Edmonson, Texas

Payday loans are a type of short-term loan that can provide quick cash to those who earn a regular paycheck. Though these loans can be an attractive option for those facing unexpected expenses, it’s important to understand the terms and potential risks before taking on this type of debt. In this article, we’ll explore payday loans in Edmonson, Texas, including their legality, regulations, and tips for using them responsibly.

Payday Loans: Legal and Regulated in Texas

First and foremost, it’s worth noting that payday loans are indeed legal in Texas. The state has regulations in place to govern these loans, including a cap on the amount that can be borrowed and restrictions on fees and interest rates. According to the Texas Office of Consumer Credit Commissioner (OCCC), the maximum amount that can be borrowed through a payday loan is $1,800. Additionally, lenders cannot charge more than 10% of the loan amount in fees.

It’s important to note that while payday loans are regulated in Texas, they are still considered a high-cost form of credit. For those who are unable to pay back the loan on time, the additional fees and interest can quickly add up and result in a cycle of debt.

Using Payday Loans Responsibly

While payday loans can offer a quick solution for those in need of cash, it’s important to use them responsibly and understand the risks involved. Here are some tips for borrowing responsibly:

  • Borrow only what you need
  • Read and understand the terms and fees of the loan
  • Create a repayment plan and stick to it
  • Avoid borrowing multiple loans at once
  • Consider alternative options, such as personal loans or credit cards, before turning to payday loans

By following these guidelines, you can minimize the risks associated with payday loans. It’s important to remember that these loans are meant as a short-term solution and should not be used for long-term financial planning.

Interesting Facts and Statistics about Payday Loans in Edmonson

  • As of 2019, there were over 2,200 licensed payday lenders in Texas
  • In 2018, Texans borrowed over $1.8 billion in payday loans
  • The average interest rate for payday loans in Texas is 664%
  • The highest number of payday loans in Texas are taken out in Dallas County

source: Texas Observer

Apply Now with TheGuaranteedLoans

If you’re considering a payday loan in Edmonson, Texas, TheGuaranteedLoans can help. As a connecting service, we work with a network of reputable lenders who can provide quick and secure loans. By filling out our online application, you can be connected with potential lenders who can provide the funds you need. However, it’s important to remember that TheGuaranteedLoans is not a direct lender and will not make lending decisions.

To get started, simply fill out our online application and get connected to potential lenders today. With a quick and easy process, you can get the funds you need to cover unexpected expenses and get back to your daily routine.

F.A.Q.

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

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

What are the fees and interest rates associated with payday loans in Edmonson, Texas?

Payday loans in Edmonson, Texas have a maximum APR of 661%. Lenders are also allowed to charge a loan origination fee of up to $10 per $100 borrowed, as well as a database verification fee of up to $2.50 per loan.