Payday Loans in Masterson, Texas

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

Company nameAddressZip codePhone number
Raymond James Financial Services 3345 Bee Caves Rd, West Lake Hills, TX 78746 +1 (512) 391 - 0919
Texan Credit Corporation 626 E King Ave, Kingsville, TX 78363 +1 (361) 221 - 9912
World Finance 221 W Adams Ave, Temple, TX 76501 +1 (254) 771 - 2901
Signature Pay Day Loans 2008 Veterans Blvd, Del Rio, TX 78840 +1 (830) 778 - 8000
Capital Farm Credit 707 Bailey Ave, Matador, TX 79244 +1 (806) 347 - 2226
Associated Credit Union of Texas - League City 270 351 S FM270, League City, TX 77573 +1 (409) 945 - 4474
IIC Finance 108 W 8th St, Plainview, TX 79072 +1 (806) 293 - 2591
Advance America 3285 S 14th St, Abilene, TX 79605 +1 (325) 793 - 7189
Covington Credit 3401 W Stan Schlueter Loop, Killeen, TX 76549 +1 (817) 458 - 4625
Check n Go 1712 E Main St, Alice, TX 78332 +1 (361) 221 - 1008

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Masterson, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Burleson, TX, Payday Loan for Carrollton, TX, Bad Credit Loans in Cedar Hill, TX, Payday Loans in Cedar Park, TX, Same Day Loans in Channelview, TX, Payday Loans in College Station, TX, Payday Loans in Conroe, TX and Online Loans in Coppell, 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 Masterson, TX.

Are Payday Loans Legal In Masterson, 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

Masterson, TX payday loan calculator

Understanding Payday Loans in Masterson, Texas

When you need quick cash to cover an emergency expense or unexpected bill, a payday loan can be a lifesaver. Payday loans are small, short-term loans that borrowers can use to cover unexpected expenses before their next payday. They are legal in Texas, including Masterson, but before you apply, it’s essential to understand how they work and the risks involved.

How Payday Loans Work in Masterson, Texas

To qualify for a payday loan in Masterson, you must meet certain eligibility requirements, such as being at least 18 years old, having a steady income source, and having an active checking account. You will need to provide proof of your income and personal information and may need to post-date a check for the amount you borrow, plus fees and interest.

Payday loan lenders typically charge higher interest rates and fees than traditional lenders, making them an expensive borrowing option. In Texas, the fees and interest rates are set by state law, and payday lenders must be licensed and follow state regulations.

The Risks of Payday Loans

While payday loans can be helpful in an emergency, they carry high risks if not managed responsibly. The high interest rates and fees can make it challenging to repay the loan on time, leading to a cycle of debt. In some cases, borrowers may find themselves borrowing more to pay off the initial loan, leading to a dangerous level of debt.

It’s important to consider your options carefully before taking out a payday loan and to have a plan in place for repaying the loan on time. If you can’t repay the loan on time, you may be hit with additional fees and interest charges and have your credit score negatively affected.

Interesting Facts about Payday Loans in Masterson, Texas

  • There are approximately 3,500 payday lenders in Texas, making it one of the most payday-lender dense states in the country.
  • The average payday loan in Texas is $470, and the average term length is 18 days.
  • According to a Texas study, 75% of payday loan borrowers take out multiple loans in a year, 58% renew their loans at least twice, and 15% renew them six times or more.
  • A Texas law passed in 2019 imposes new restrictions on payday lenders, including limiting the number of times a loan can be refinanced and requiring lenders to disclose the total cost of the loan upfront.

Applying for a Payday Loan in Masterson, Texas

If you’ve weighed your options and decide that a payday loan is right for you, TheGuaranteedLoans can help you find a lender in Masterson or the surrounding area. Our website makes it easy to submit an online application and get connected with potential lenders who can meet your needs.

Remember that TheGuaranteedLoans is a loan-connector service, not a direct lender. We partner with a network of trusted lenders who can offer you competitive rates and flexible terms. Our goal is to help you get the cash you need quickly and easily, without the hassle of searching for lenders on your own.

Conclusion

Payday loans are legal in Masterson, Texas, but they come with risks that borrowers should carefully consider. If you choose a payday loan as your borrowing option, it’s crucial to have a repayment plan in place and to be aware of the fees and interest rates charged by the lender. At TheGuaranteedLoans, we can help you find a lender who meets your needs and helps you get the cash you need.

Apply now to get connected with a lender in Masterson or the surrounding area and get back on track financially.

F.A.Q.

Are payday loans legal in Masterson, Texas?

Yes, payday loans are legal in Masterson, Texas. The Texas Office of Consumer Credit Commissioner regulates the payday lending industry in the state.

How much can I borrow with a payday loan in Masterson, Texas?

The maximum amount that can be borrowed with a payday loan in Masterson, Texas is $500. However, lenders may not lend more than 20% of the borrower's gross monthly income or 25% of their net income.