Payday Loans in Martinsville, Texas

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

Company nameAddressZip codePhone number
World Finance Corporation 3522 Twin City Hwy, Groves, TX 77619
First State Bank, Haskell 518 S 2nd St, Haskell, TX 79521 +1 (940) 864 - 1070
Texas Champion Bank 505 Bowie St, George West, TX 78022 +1 (361) 449 - 2962
EZ Loan Services 408 N Adams St, Eagle Pass, TX 78852 +1 (830) 773 - 8082
Advance America 2416-B Texas Ave S, College Station, TX 77840 +1 (979) 694 - 3103
Fenix Finance 1017-B, Pat Booker Rd, Universal City, TX 78148 +1 (210) 566 - 1867
Western Finance 1406 Sidney Baker St, Kerrville, TX 78028 +1 (830) 792 - 2161
Rainbow Loan Co. 1210 12th St, Huntsville, TX 77340 +1 (936) 291 - 1221
Speedy Cash 2119 E Saunders St, Laredo, TX 78041 +1 (956) 722 - 3175
TitleMax Title Loans 606 S Walnut Ave Ste 500, New Braunfels, TX 78130 +1 (830) 620 - 5919

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Martinsville, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Southlake, TX, Bad Credit Loans in Spring, TX, Short-term Loans in Sugar Land, TX, Payday Loans in Temple, TX, Payday Loans in Texarkana, TX, Payday Loan Without a Credit Check in Texas City, TX, Payday Loans in The Colony, TX and Quick Loan in Tyler, 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 Martinsville, TX.

Are Payday Loans Legal In Martinsville, 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

Martinsville, TX payday loan calculator

Payday Loans in Martinsville, Texas – What You Need to Know

Payday loans are a type of short-term loan that can be a lifesaver for individuals who need immediate cash to cover unexpected expenses. In Martinsville, Texas, payday loans are legal and regulated by state law. But before you apply for a payday loan, it’s essential to understand the terms, fees, and risks involved.

What Are Payday Loans?

Payday loans are short-term loans that are typically due on the borrower’s next payday. They are designed to provide quick cash to borrowers who need it urgently. To apply for a payday loan, you need to provide proof of income and a post-dated check or authorization to withdraw funds from your bank account to cover the loan amount and fees.

Payday Loan Regulations in Martinsville, Texas

In Texas, payday loans are legal and regulated by the Texas Office of Consumer Credit Commissioner. The state regulates the fees that lenders can charge, which are capped at 10% of the loan amount. For example, if you borrow $500, the maximum fee a lender can charge is $50. Additionally, the maximum loan amount is $1,800, and the loan term cannot exceed 180 days in duration.

Benefits of Payday Loans

  • Quick approval process: Payday loans are easy to apply for, and the approval process is usually fast. You can typically get the cash you need within a day or two of submitting your application.
  • No credit check required: Payday loan lenders do not require a credit check, so even if you have poor credit or no credit, you may still qualify for a loan.
  • No collateral required: Payday loans are unsecured loans, which means you don’t need to provide any collateral to secure the loan.
  • Flexible loan terms: Payday loans are typically due on your next payday, but some lenders offer more extended repayment terms if you need more time to pay back the loan.

Risks of Payday Loans

  • High fees and interest rates: Payday loans are known for their high fees and interest rates, which can add up quickly, making the loan expensive over time.
  • Cycle of debt: If you’re not careful, payday loans can lead to a cycle of debt, where you keep taking out loans to pay off the previous ones, which leads to more fees and interest charges.
  • Risk of default: If you fail to repay the loan on time, the lender may withdraw the funds from your bank account or take legal action to collect the debt.

Interesting Facts and Statistics About Payday Loans in Martinsville, Texas

  • In Texas, the average payday loan is $470, and borrowers typically pay $22 per $100 borrowed in fees.
  • A Consumer Financial Protection Bureau study found that approximately 80% of payday loans are rolled over or renewed, leading to additional fees and interest charges.
  • The same study found that 15% of payday loan borrowers end up defaulting on their loans and experiencing serious financial consequences as a result.
  • There are over 3,000 payday lending storefronts in Texas, making it one of the largest payday loan markets in the country.

Apply Now for a Payday Loan in Martinsville, Texas

If you need cash quickly to cover unexpected expenses, a payday loan may be the right option for you. At TheGuaranteedLoans, we are here to help you find the right lender for your needs. We are a connector service, not a direct lender, and we work with a network of reputable lenders to ensure that you get the best possible loan terms and rates.

To apply for a payday loan, simply fill out our online application form, and we will match you with potential lenders who may be able to offer you a loan. The application process is easy, and you could have the cash you need within a day or two. Don’t wait – apply now and get the funds you need to cover your expenses!

F.A.Q.

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

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

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