Payday Loans in Hobson, Texas

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

Company nameAddressZip codePhone number
Lendmark Financial Services LLC 2600 FM1764, Suite 175, La Marque, TX 77568 +1 (409) 572 - 9484
Community National Bank & Trust of Texas 102 Ranch Rd, Red Oak, TX 75154 +1 (972) 617 - 8700
Domino Federal Credit Union 101 E Kildare Rd, Linden, TX 75563 +1 (903) 756 - 3901
Port Lavaca Ford 1801 TX-35, Port Lavaca, TX 77979 +1 (361) 403 - 0598
Brenham National Bank 2211 S Day St, Brenham, TX 77833 +1 (979) 836 - 4571
Covington Credit 2302 N Navarro St, Victoria, TX 77901 +1 (361) 572 - 4014
Cash Store 12350 Lake June Rd 114, Balch Springs, TX 75180 +1 (972) 557 - 1530
Western Finance 535 S Chestnut St STE B, Lufkin, TX 75901 +1 (936) 637 - 1777
Circle Pawn9 201hwy. 146 south, La Porte, TX 77571 +1 (281) 470 - 2298
Lotsa Cash Pawn 607 E 8th St, Ferris, TX 75125

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hobson, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Rockwall, TX, Payday Loan Companies in Rosenberg, TX, Payday Loans in Round Rock, TX, Payday Loans in Rowlett, TX, Payday Loans in San Angelo, TX, No Credit Check Loans in San Antonio, TX, Payday Loans in San Juan, TX and Short-term Loans in San Marcos, 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 Hobson, TX.

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

78117

Are Payday Loans Legal In Hobson, 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

Hobson, TX payday loan calculator

Payday Loans in Hobson, Texas

If you’re in need of quick cash and live in Hobson, Texas, you may be considering taking out a payday loan. Payday loans are a type of short-term loan that can help you cover unexpected expenses until your next payday. While payday loans are legal in Texas, it is crucial to understand the terms and risks involved before making a decision. This article will explore everything you need to know about payday loans in Hobson, Texas.

How Do Payday Loans Work?

Payday loans typically range from $100 to $1,000 and are meant to be repaid on your next payday, usually within two to four weeks. To qualify for a payday loan, you’ll need to have a steady source of income and a checking account.

When you apply for a payday loan, you’ll need to provide proof of income and identification. The lender will then give you the loan amount, and you’ll need to sign an agreement outlining the loan terms, including the interest rate and any fees.

The Pros and Cons of Payday Loans

Like any type of loan, payday loans come with their advantages and disadvantages. Here are some of the pros and cons of taking out a payday loan in Hobson, Texas:

Pros:

  • Quick and easy approval process
  • No credit check required
  • Funds deposited directly into your bank account
  • You can use the loan for any purpose

Cons:

  • High interest rates and fees
  • Short repayment terms
  • Can lead to a cycle of debt if not repaid on time
  • May not be a viable solution for long-term financial problems

It’s important to carefully consider the pros and cons before deciding whether to take out a payday loan in Hobson, Texas.

Interest Rates and Fees

Payday loans in Texas are subject to high-interest rates and fees. The Texas Finance Code sets the maximum interest rate for payday loans at 10% per $100 borrowed. This means that if you borrow $500, you could be charged up to $50 in interest.

In addition to interest, payday lenders in Hobson, Texas can also charge various fees, including:

  • Loan origination fees
  • Late payment fees
  • Insufficient funds fees

It’s important to review the loan agreement carefully to understand all of the fees associated with the loan.

Facts and Statistics About Payday Loans in Hobson, Texas

– According to the Texas Office of Consumer Credit Commissioner, there were 1,936,053 payday loans issued in Texas in 2020, with 187,839 of those loans issued in the Corpus Christi region, which includes Hobson.
– The average payday loan in Texas is for $497, with an average interest rate of 662%.
– In 2020, Texas borrowers paid over $1.4 billion in fees for payday and auto title loans.

Apply Now

If you have considered the pros and cons and have decided that a payday loan is the right solution for your financial needs, you can apply for a loan through TheGuaranteedLoans. We are a connector service that helps connect borrowers with potential lenders. Our application process is quick and easy, and we work with a network of reputable lenders in Hobson, Texas.

It’s important to remember that while payday loans can be a helpful solution in times of financial need, they should be approached with caution. Be sure to review the loan agreement carefully and only borrow what you can afford to repay.

Don’t let unexpected expenses get you down. Apply for a payday loan today and get the cash you need to get back on track!

F.A.Q.

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

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

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