Payday Loans in Loraine, Texas

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Regional Finance 5310 Bissonnet St, Bellaire, TX 77401 +1 (713) 669 - 1245
Bank of the Hills 3186 Junction Hwy, Ingram, TX 78025 +1 (830) 367 - 1000
Cash Store 1200 Lowes Blvd Ste 104, Killeen, TX 76542 +1 (254) 616 - 5885
Austin County Finance 538 W Main St, Bellville, TX 77418
Texas Home Health 211 N Main St, Shamrock, TX 79079 +1 (806) 256 - 1100
Check n Go 3801 North St Ste 5-1, Nacogdoches, TX 75965 +1 (936) 559 - 7903
First Convenience Bank 1750 S Broadway St, Sulphur Springs, TX 75482 +1 (800) 903 - 7490
Samco Finance 2201 W Ave N, San Angelo, TX 76904 +1 (325) 944 - 0524
DATCU Credit Union 618 N 10th St, Sanger, TX 76266 +1 (940) 387 - 8585
Sun Loan Company I-35, New Braunfels, TX 78130 +1 (830) 620 - 6211

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Loraine, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Midland, TX, Guaranteed Loans in Mission, TX, Bad Credit Loans in Missouri City, TX, Payday Loans in Nacogdoches, TX, Payday Loans in New Braunfels, TX, Payday Loans in North Richland Hills, TX, 24-Hour Loan in Odessa, TX and Payday Loans in Pasadena, 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 Loraine, TX.

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

79532

Are Payday Loans Legal In Loraine, 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

Loraine, TX payday loan calculator

Payday Loans in Loraine, Texas: A Comprehensive Guide

When unexpected expenses arise, payday loans can seem like the perfect solution. In Loraine, Texas, payday loans are legal and readily available. However, it’s important to understand the terms and conditions of these loans to make an informed decision. This comprehensive guide will take you through everything you need to know about payday loans in Loraine, Texas.

How Payday Loans Work

A payday loan is a short-term loan that must be repaid by the borrower’s next payday. These loans are typically for smaller amounts, ranging from $100-$500. To apply for a payday loan in Loraine, Texas, you must provide proof of income and a checking account. The lender will then give you the loan amount, and you will be required to pay back the loan plus interest and fees on your next payday.

It’s important to note that payday loans often come with high-interest rates and fees, which can add up quickly. In Texas, the maximum interest rate that can be charged on a payday loan is 10%, and lenders can charge additional fees on top of this. These fees can include origination fees, late fees, and more. It’s critical to read the loan agreement carefully and understand all the terms before signing up for a payday loan in Loraine, Texas.

Benefits and Risks of Payday Loans

Payday loans in Loraine, Texas, can be a lifesaver for individuals who don’t have access to traditional credit or who need quick cash to cover unexpected expenses. Unlike other types of loans, payday loans don’t require collateral, and the application process is often quick and straightforward. Additionally, payday loans can be a way to build credit if you make timely payments. However, there are risks associated with these loans that you should be aware of before applying.

One significant risk of payday loans is the high-interest rates and fees. If you’re unable to pay back the loan on time, the interest and fees can quickly add up, leaving you in a worse financial situation. Additionally, some payday lenders have predatory practices and may try to trap borrowers in a cycle of debt by offering continual refinancing options. As a result, it’s essential to carefully consider whether a payday loan is the right choice for you and weigh the benefits and risks carefully.

Applying for a Payday Loan in Loraine, Texas

If you decide that a payday loan is the right option for you, the process of applying for a loan in Loraine, Texas, is relatively simple. Most lenders will require you to provide proof of income, a valid ID, and a checking account. Many lenders now offer online applications, making the application process even easier. Once your application is approved, the lender will transfer the money to your checking account, typically within the same day.

It’s important to remember that you should only take out a payday loan if you’re confident that you can repay the loan plus fees on your next payday. Failing to repay the loan on time can result in significant interest and fees and can damage your credit score.

Interesting Facts and Statistics About Payday Loans in Loraine, Texas

  • In 2019, Texans borrowed $9.2 billion in payday loans.
  • The average interest rate on a payday loan in Texas is 664%.
  • 60% of payday loan borrowers in Texas roll over their loans for multiple months, accruing additional fees and interest.
  • In Loraine, Texas, there are multiple payday lenders with varying interest rates, fees, and terms. It’s vital to research several lenders before deciding to apply for a payday loan.

Apply Now for a Payday Loan in Loraine, Texas

If you’re facing unexpected expenses and need a short-term loan, TheGuaranteedLoans website can help you connect with potential lenders offering payday loans in Loraine, Texas. Our online application process is quick and easy, and we work with a network of trusted lenders to ensure that you find the right loan for your needs. Remember, TheGuaranteedLoans is a connector service and not a direct lender, and we’ll facilitate your connection with potential lenders.

Apply now and get the cash you need to cover your expenses and move forward with confidence.

F.A.Q.

How do I apply for a payday loan in Loraine, Texas?

To apply for a payday loan in Loraine, Texas, you will typically need to visit a payday lender in person and provide proof of income, a valid ID, and an active checking or savings account. Some lenders may also allow you to apply online or over the phone. It is important to carefully review the terms and conditions of any payday loan before agreeing to borrow.

What are the alternatives to payday loans in Loraine, Texas?

There are several alternatives to payday loans in Loraine, Texas, including borrowing from friends or family, applying for a personal loan from a bank or credit union, or using a credit card. It is also possible to apply for assistance from government programs or nonprofit organizations, or to negotiate payment plans with creditors. It is important to carefully research and compare your options before deciding on a course of action.