Payday Loans in Encinal, Texas

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

Company nameAddressZip codePhone number
Community National Bank & Trust of Texas 906 N Buffalo Ave, Buffalo, TX 75831 +1 (903) 322 - 8800
BancorpSouth Bank 1115A Main St, Buda, TX 78610 +1 (512) 312 - 5600
First State Bank of Uvalde 302 Pena St, Carrizo Springs, TX 78834 +1 (830) 876 - 3593
TDECU 4205 7th St, Bay City, TX 77414 +1 (800) 839 - 1154
Cash Plus Pawn 2810 W Washington St 101, Stephenville, TX 76401 +1 (254) 434 - 4646
World Finance 1502 S Stockton Ave, Monahans, TX 79756 +1 (432) 943 - 9100
Covington Credit 6201 Denton Hwy 250, Haltom City, TX 76148 +1 (682) 334 - 8093
El Jefe Loans 895 US-77 BUS, San Benito, TX 78586 +1 (956) 399 - 5333
ACE Cash Express 301 W Hundley Dr, Lake Dallas, TX 75065
Herring Bank - Seymour 323 N Main St, Seymour, TX 76380 +1 (940) 889 - 6363

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Encinal, TX, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Cedar Park, TX, Payday Loans in Channelview, TX, Quick Loan in College Station, TX, Payday Loans in Conroe, TX, Payday Loans in Coppell, TX, Payday Loans in Copperas Cove, TX, Same Day Loans in Corpus Christi, TX and Short-term Loans in Dallas, 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 Encinal, TX.

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

78019

Are Payday Loans Legal In Encinal, 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

Encinal, TX payday loan calculator

Are you facing an unexpected expense and need money quickly? Payday loans may be a helpful solution for you. In Encinal, Texas, payday loans are legal, making them an accessible option for those in need of immediate financial assistance.

What are Payday Loans?

A payday loan is a short-term loan that borrowers take out for a small amount of money with the intention of repaying the loan with their next paycheck. These loans can range from $100 to $1,000 and typically come with high-interest rates and fees. Payday loans are regulated at the state level in Texas, so it’s important to understand the laws regarding these loans.

Payday Loan Laws in Texas

As stated previously, payday loans are legal in Texas. However, the state has enacted laws that borrowers and lenders must follow. The maximum amount of a payday loan in Texas is $1,000, and the maximum loan term is 180 days. Lenders cannot charge more than 10% interest and a $30 fee per $100 borrowed. The fees and interest can add up quickly, so it’s important to pay attention to the terms of the loan and make sure you can afford to repay it.

Additionally, Texas law requires lenders to inform borrowers of the total cost of the loan, including the fees and interest, before the borrower agrees to the loan. This allows borrowers to make informed decisions about whether to take out the loan or not.

Benefits and Drawbacks of Payday Loans

While payday loans can be helpful in emergency situations, they do come with drawbacks. The high-interest rates and fees can create a cycle of debt if the borrower is unable to repay the loan on time.

However, payday loans are easy to obtain and can provide funds quickly, making them a viable option for those who need money urgently. They also do not require a credit check, making them accessible to those with poor credit.

Interesting Statistics About Payday Loans in Encinal, Texas

  • In 2019, there were approximately 2.6 million payday loans taken out in Texas.
  • The average payday loan amount in Texas is $500.
  • Payday lenders in Texas made over $1.4 billion in fees in 2019.

Apply Now

Are you in need of a payday loan? TheGuaranteedLoans can help connect you with potential lenders. Our online application is secure and easy to use, and we will guide you through the loan process. However, it’s important to remember that we are not a direct lender and cannot guarantee approval for a loan. We are a connector service and will help facilitate your connection with potential lenders.

Conclusion

Payday loans can be an accessible option for those in need of immediate financial assistance in Encinal, Texas. However, it’s important to understand the laws and regulations regarding these loans, and to only take out a loan if you are certain you can repay it on time to avoid a cycle of debt. If you are considering a payday loan, TheGuaranteedLoans can help connect you with potential lenders to make the process simpler and safer.

F.A.Q.

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

If you are unable to repay your payday loan in Encinal, 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 Encinal, Texas?

Yes, you may be able to extend your payday loan in Encinal, 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.