Payday Loans in Lopeno, Texas

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

Company nameAddressZip codePhone number
Half Price Checks Cashed 2410 Walnut Hill Ln, Dallas, TX 75229 +1 (214) 357 - 7700
American Momentum Bank 505 N Main St, Seminole, TX 79360 +1 (432) 758 - 9595
Complex Community FCU 3512 N Midkiff Rd, Midland, TX 79701 +1 (432) 550 - 9126
Hardeman Abstract & Title Inc 105 W 4th St, Quanah, TX 79252 +1 (940) 663 - 5132
Classic Bank 12251 TX-29, Liberty Hill, TX 78642 +1 (512) 778 - 6305
Network Finance Inc 2511 S Texas Ave, Bryan, TX 77802 +1 (979) 779 - 8552
Inter-America Finance Corp. 10760 N Loop Dr B1, Socorro, TX 79927 +1 (915) 283 - 4424
Kerr County Federal Credit Union 2335 Junction Hwy, Kerrville, TX 78028 +1 (830) 896 - 6808
World Finance 215 E Kleberg Ave, Kingsville, TX 78363 +1 (361) 595 - 5695
Advantage Cash 6401 N Navarro St, Victoria, TX 77904 +1 (361) 578 - 7337

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lopeno, TX, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Little Elm, TX, Online Loans in Longview, TX, Quick Loan in Lubbock, TX, Payday Loans in Lufkin, TX, Payday Loans in Mansfield, TX, 24-Hour Loan in McAllen, TX, Payday Loans in McKinney, TX and Payday Loans in Mesquite, 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 Lopeno, TX.

Are Payday Loans Legal In Lopeno, 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

Lopeno, TX payday loan calculator

Payday Loans in Lopeno, Texas

Financial emergencies can occur to anyone, anytime. You might need some extra cash to fix your car, pay a medical bill, avoid late payment fees, or just to close a gap between paychecks. When such situations arise, getting a payday loan could be a viable solution. Payday loans are a short-term, unsecured type of loan where the borrower writes a postdated check to the lender for the loan amount plus interest and fees.

In Texas, payday loans are legal and regulated by the Texas Finance Code, which sets maximum loan amounts, interest rates, and fees to protect both borrowers and lenders. However, it’s important to understand how payday loans work and what are the risks involved before taking one.

How Do Payday Loans Work in Lopeno, Texas?

If you’re a resident of Lopeno, Texas, you can apply for a payday loan online or in-person at a licensed lender. The lender will ask for your personal information, employment details, and checking account information to verify your eligibility for a loan.

If you’re approved for a payday loan, you’ll receive the loan amount in your checking account or as cash. On the due date, which is usually your next payday, the lender will automatically withdraw the loan amount plus interest and fees from your checking account. If you can’t repay the loan on time, you can request an extension, but this will add extra interest and fees to your loan.

What Are the Maximum Loan Amounts and Fees in Lopeno, Texas?

In Lopeno, Texas, payday lenders can offer loans up to $1,800, but the actual loan amount you can get depends on your income and creditworthiness. The maximum interest rate a lender can charge is 10% of the loan amount, and the maximum loan fees are 20% of the loan amount, plus a $10 verification fee.

For example, if you borrow $500 for a two-week period, the maximum interest rate you’ll pay is $50, and the maximum fees you’ll pay are $110 ($100 + $10). This means you’ll have to repay $660 on the due date, which is an annual percentage rate (APR) of 309%.

What Are the Risks of Payday Loans in Lopeno, Texas?

Payday loans are convenient and easy to get, but they have high interest rates and fees that can trap you in a debt cycle. If you can’t repay the loan on time, you’ll have to pay extra interest and fees that can quickly add up and make it harder to repay the loan.

According to a study by Pew Charitable Trusts, about 12 million Americans take out payday loans each year, spending an average of $520 in fees to borrow $375 for a five-month period. This means they pay an average of 391% APR, which is much higher than most credit cards or personal loans.

Interesting Facts and Statistics about Payday Loans in Lopeno, Texas

  • According to the Texas Office of Consumer Credit Commissioner, in 2020, there were 2,215 licensed payday lenders in Texas, which collectively made 10.2 million loans worth over $7 billion.
  • In 2019, the average payday loan in Texas was $487, and the average number of loans per borrower was 4.6.
  • A study by the Consumer Financial Protection Bureau found that over 80% of payday loans in Texas are rolled over or renewed within two weeks, leading to additional fees and interest charges.

Apply Now for a Payday Loan in Lopeno, Texas

If you’re facing a financial emergency and need cash fast, you can apply for a payday loan online at TheGuaranteedLoans website. We’re a connector service that works with a network of potential lenders to find the best loan options for your needs. Our application process is easy, secure, and fast, and you’ll receive a decision within minutes.

Please note that TheGuaranteedLoans is not a direct lender, and you’ll have to work directly with the lender if you’re approved for a loan. Make sure you read and understand the loan agreement, including the interest rates, fees, due dates, and repayment options, before accepting the loan.

Apply now for a payday loan in Lopeno, Texas, and get the cash you need to cover your expenses.

F.A.Q.

Are payday loans in Lopeno, Texas regulated by the state government?

Yes, payday loans in Lopeno, Texas are regulated by the state government. This includes restrictions on the maximum amount you can borrow, the maximum loan term, and the fees and charges that lenders are allowed to charge.

Is it possible to get a payday loan in Lopeno, Texas with bad credit?

Yes, it is possible to get a payday loan in Lopeno, Texas with bad credit. Most payday lenders do not require a credit check, so your credit score will not affect your eligibility for a loan. However, you may still be required to provide proof of income and other information to qualify for a payday loan.