Payday Loans in Hermleigh, Texas

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

Company nameAddressZip codePhone number
Covington Credit 3700 Texas Ave 650, Bryan, TX 77802 +1 (979) 823 - 7137
Southside Bank - Hemphill 725 Sabine St, Hemphill, TX 75948 +1 (409) 787 - 3111
Action Credit, San Antonio 1 930 SW Military Dr Suite 105, San Antonio, TX 78221 +1 (210) 595 - 3004
Delta Loans 216 Titus St, Gilmer, TX 75644 +1 (903) 843 - 5352
Woodforest National Bank 810 Hurst St, Center, TX 75935 +1 (936) 598 - 8354
Inter-America Finance Corp. 919 Fabens Rd B, Fabens, TX 79838 +1 (915) 764 - 2274
Justice Finance E Lancaster 5024 E Lancaster Ave, Fort Worth, TX 76103 +1 (817) 534 - 5697
Broadway Bank - Hondo Financial Center 233 19th St, Hondo, TX 78861 +1 (830) 426 - 3074
Western Finance 2203 North St, Nacogdoches, TX 75965 +1 (936) 569 - 2228
World Finance 404 N King St, Seguin, TX 78155 +1 (830) 379 - 6733

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hermleigh, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Lufkin, TX, Guaranteed Loans in Mansfield, TX, Payday Loans in McAllen, TX, 24-Hour Loan in McKinney, TX, Payday Loans in Mesquite, TX, Payday Loans in Midland, TX, 24-Hour Loan in Mission, TX and Quick Loan in Missouri 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 Hermleigh, TX.

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

79526

Are Payday Loans Legal In Hermleigh, 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

Hermleigh, TX payday loan calculator

Payday Loans in Hermleigh, Texas: A Comprehensive Guide

Payday loans are a popular financial solution for many individuals facing unexpected expenses or short-term cash crunches. They are relatively easy to obtain and provide quick access to funds when you need them the most.

Here, we will probe deeper into the payday loan situation in Hermleigh, Texas, discussing everything you need to know – from the state’s laws regulating payday loans to the application process and the fees involved.

The Legal Situation

Payday loans are completely legal under Texas law. The state does not put any cap on the maximum amount an individual can borrow through a payday loan, and it leaves the decision on interest rates and fees to the lenders’ discretion. However, borrowers must ensure that they pay off the loan amount promptly to prevent rolling over into another loan.

The philosophy behind this decision is to provide easy access to funds for those who need it but that individual should be aware that payday loans are designed as a short-term solution and should not be viewed as a long-term financial solution.

The Application Process

Applying for a payday loan in Hermleigh is relatively straightforward:

  • Visit our website at TheGuaranteedLoans.com or locate a local lender in Hermleigh, Texas.
  • Provide all necessary information. This includes your name, contact information, employment, and bank account information.
  • Agree to the terms and conditions of the loan.
  • If approved, the funds will be directly deposited into your bank account.

The Fees

In Texas, payday lenders may charge any interest rate they choose. However, the state laws prohibit the annual percentage rate (APR) from exceeding 10%. Additionally, loan origination fees are limited to 10% of the amount borrowed, and the loan term should be 180 days or less.

If you take out a payday loan of $200 and repay it after 14 days, your finance charge may be $30, meaning that the APR would be 183%.

Apply Now

If you find yourself in need of a quick cash loan, TheGuaranteedLoans team will be happy to help you.

We provide our services as a connector service to those looking for payday loans in Hermleigh, Texas. The application process at TheGuaranteedLoans is entirely online and easy to complete.

We work in partnership with potential lenders across the state to connect you according to your requirements, making the process a lot faster than anything you might have experienced before. You can rest assured that we keep your information confidential, ensuring that you get the loan you want as quickly as possible, typically within one business day.

Interesting Facts and Statistics about Payday Loans in Hermleigh, Texas

  • The average payday loan amount in Texas is $470, which is moderately higher than the national average of $350.
  • Payday lending apps, which have gained popularity as an alternative to storefront lenders, are illegal under Texas law.
  • In 2020 alone, Texas residents borrowed nearly $7 billion in payday loans, according to the Consumer Financial Protection Bureau.

In Conclusion

Payday loans are undoubtedly a double-edged sword. Borrowers must exercise caution while seeking out payday loans as they can quickly spiral out of control if not handled carefully. However, as long-term financial solutions remain out of reach, and unexpected expenses crop up, payday loans can provide helpful relief.

If you need to obtain a payday loan in Hermleigh, Texas, please contact TheGuaranteedLoans to make the process simpler and smoother. We will endeavor to cover all your requirements as quickly and efficiently as possible.

F.A.Q.

What are the consequences of defaulting on a payday loan in Hermleigh, Texas?

If a borrower defaults on a payday loan in Hermleigh, Texas, the lender may pursue collection efforts, including contacting the borrower's employer, contacting third-party debt collectors, or taking the borrower to court. Defaulting on a payday loan can also have a negative impact on the borrower's credit score.

Can I apply for a payday loan online in Hermleigh, Texas?

Yes, many payday lenders in Hermleigh, Texas offer the option to apply for a loan online. This can be a convenient option for borrowers who prefer to apply from the comfort of their own home or who do not have access to a physical payday loan store.