Payday Loans in Loop, Texas

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

Company nameAddressZip codePhone number
GO Federal Credit Union - Lancaster Branch 3200 W Pleasant Run Rd 100, Lancaster, TX 75146 +1 (214) 742 - 6551
Mega Cash Title & Payday Loans 212 S Esplanade St, Cuero, TX 77954
First Bank of Muleshoe 202 S 1st St, Muleshoe, TX 79347 +1 (806) 272 - 4515
American Momentum Bank 200 S Main St, Andrews, TX 79714 +1 (432) 523 - 3440
Texas Car Title & Payday Loan Services, Inc. 1100 W Walker St, Breckenridge, TX 76424
Security Finance 5940 Broadway Avenue J, Galveston, TX 77551 +1 (409) 763 - 8585
Citizens State Bank 1330 W Commerce St, Buffalo, TX 75831 +1 (903) 322 - 4256
Payment 1 Financial 1229 S 31st St, Temple, TX 76504 +1 (254) 771 - 9952
The Loan Store Inc 4407 Avenue H, Rosenberg, TX 77471 +1 (281) 232 - 2274
Thrivent Financial 2 Spencer Rd, Boerne, TX 78006 +1 (830) 331 - 4074

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Loop, TX, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Killeen, TX, Payday Loan for Kyle, TX, Payday Loans in La Porte, TX, Guaranteed Loans in Lancaster, TX, Payday Loans in Laredo, TX, Payday Loans in League City, TX, Payday Loans in Leander, TX and Same Day Loans in Lewisville, 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 Loop, TX.

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

79342

Are Payday Loans Legal In Loop, 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

Loop, TX payday loan calculator

Payday Loans in Loop, Texas: An In-Depth Guide

If you find yourself in a bind for quick cash in Loop, Texas, you may be considering a payday loan. While these loans can be a helpful solution in certain situations, it’s important to understand the terms and implications before signing on the dotted line. In this article, we’ll explore everything you need to know about payday loans in Loop, Texas.

What Are Payday Loans?

Payday loans are short-term loans designed to provide borrowers with quick access to cash. These loans are typically due on the borrower’s next payday, hence the name. To qualify for a payday loan in Loop, Texas, you will need to provide proof of income and residency in the state. These loans are legal in Texas, and there are a number of lenders operating in the state.

The Pros and Cons of Payday Loans

Before you decide to take out a payday loan, it’s important to understand the advantages and disadvantages of this type of lending. One of the primary benefits of payday loans is their speed and convenience. Many lenders can provide cash within 24 hours of approval, making them ideal for emergency situations.

However, payday loans also come with some downsides. One of the biggest drawbacks is the high interest rates. Because payday loans are short-term, their APR can be much higher than other types of loans. Additionally, if you’re unable to pay back the loan on time, you may incur additional fees and penalties. This can quickly snowball into unmanageable debt.

How Much Can You Borrow?

In Loop, Texas, payday loans are capped at 20% of a borrower’s gross monthly income. This means that if you make $2,000 per month, you can borrow up to $400. However, it’s important to note that individual lenders may have their own limits and requirements.

Interest Rates and Fees

The interest rates and fees associated with payday loans can vary depending on the lender and the length of the loan term. In Texas, the maximum interest rate on a payday loan is 662.14%. Additionally, lenders may charge fees such as origination fees, late payment fees, and insufficient fund fees.

Interesting Facts and Statistics About Payday Loans in Loop, Texas

  • As of September 2021, there are over 2,000 payday loan stores in Texas.
  • The average payday loan in Texas is $470.
  • A study by the Consumer Financial Protection Bureau found that over 80% of payday loans are rolled over or renewed within two weeks.
  • In 2019, Texans paid over $1.6 billion in fees and interest on payday loans.

Apply Now for a Payday Loan in Loop, Texas

If you decide that a payday loan is the right option for your financial needs, TheGuaranteedLoans can help connect you with potential lenders in Loop, Texas. Our online application process is quick and easy, and we work with a network of trusted lenders to get you the funds you need. Remember, we are a connector service, not a direct lender, and your information is always kept secure and confidential. Apply now and take the first step towards financial relief.

F.A.Q.

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

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

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