Payday Loans in Mc Leod, Texas

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

Company nameAddressZip codePhone number
Kuntz Charles F CPA 315 N Main St, Shamrock, TX 79079 +1 (806) 256 - 3790
Check n Go 111 N Commerce St, Gainesville, TX 76240 +1 (940) 665 - 3017
Gold Star Finance 106 E Austin St, Marshall, TX 75670 +1 (903) 923 - 0600
Famsa 1001 US-83, Zapata, TX 78076 +1 (956) 750 - 8281
Woodforest National Bank 1035 Hickory Creek Blvd, Lake Dallas, TX 75065 +1 (940) 497 - 0336
Action Credit, Harlingen 920 S 77 Sunshine Strip, Harlingen, TX 78550 +1 (956) 230 - 5884
Speedy Cash 7007 Bandera Rd Ste 24, Leon Valley, TX 78238 +1 (210) 680 - 4382
Western Finance 310 Paul Dr, New Boston, TX 75570
MSB Money Stop, Inc. 1701 E Grand Ave, Marshall, TX 75670 +1 (903) 935 - 0111
Cash Cow Pawn Gun & Jewelry 2513 7th St, Bay City, TX 77414 +1 (979) 323 - 7296

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mc Leod, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Weslaco, TX, Payday Loans in Wichita Falls, TX, 24-Hour Loan in Wylie, TX, Payday Loan Without a Credit Check in Abilene, TX, Online Loans in Allen, TX, Payday Loan for Amarillo, TX, Bad Credit Loans in Arlington, TX and Payday Loans in Austin, 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 Mc Leod, TX.

Are Payday Loans Legal In Mc Leod, 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

Mc Leod, TX payday loan calculator

Exploring Payday Loans in Mc Leod, Texas

Payday loans are a popular way to get fast cash when you find yourself in a tight financial situation. In Mc Leod, Texas, payday loans are legal and can be a valuable tool for those who need them. However, it’s important to understand how payday loans work and the potential risks involved before you apply. This article will explore payday loans in Mc Leod, Texas, and provide some useful tips and insights for those considering this option.

What Are Payday Loans?

Payday loans are a type of short-term loan designed to help people bridge the gap between paychecks. They are typically small loans with a repayment period of two weeks to a month. You can usually borrow up to $1,000 with a payday loan, depending on the lender and your income. The key feature of a payday loan is that it’s designed to be repaid in full on your next payday.

Payday loans can be obtained from both physical storefronts and online lenders. In Mc Leod, Texas, there are many lenders that offer payday loans. However, it’s important to note that payday loans come with high interest rates and fees. In Texas, the maximum amount you can be charged for a payday loan is 10% of the loan amount plus a $30 fee.

The Pros and Cons of Payday Loans

There are both advantages and disadvantages to taking out a payday loan. One advantage is that payday loans are easy to obtain. You can usually get approved for a payday loan quickly, and you don’t need good credit to qualify. This makes payday loans an attractive option for people who need cash quickly and don’t have good credit.

However, the high interest rates and fees associated with payday loans can be a major disadvantage. The interest rates on payday loans can be as high as 400% APR, making them extremely expensive. In addition, if you miss a payment or can’t repay the loan in full on your next payday, you may be subject to additional fees and interest charges, which can quickly add up.

How to Get a Payday Loan in Mc Leod, Texas

If you’re considering getting a payday loan in Mc Leod, Texas, there are several steps you’ll need to follow. First, you’ll need to find a lender. There are many payday loan lenders in Mc Leod, Texas, both in-person and online. It’s important to do your research and find a reputable lender that offers fair rates and terms.

Once you’ve found a lender, you’ll need to fill out an application. Most payday loan applications are simple and can be completed in just a few minutes. You’ll need to provide some basic information about yourself and your income, including your name, address, Social Security number, and employment information.

If your application is approved, you’ll receive the funds in your bank account within a few days. You’ll then be responsible for repaying the loan in full on your next payday, including the principal amount and any fees or interest charges.

Facts and Statistics About Payday Loans in Mc Leod, Texas

  • As of 2021, there are over 2,500 licensed payday and auto title loan locations in Texas
  • In 2020, Texans paid over $1.5 billion in fees on payday and auto title loans
  • The average payday loan in Texas is $470
  • The maximum amount you can borrow with a payday loan in Texas is $1,000 or 25% of your gross monthly income, whichever is less
  • The average APR for a payday loan in Texas is 574%

Apply Now

If you’re in need of a payday loan in Mc Leod, Texas, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is fast and easy, and we work with a network of trusted lenders that can provide you with the cash you need. Please note that TheGuaranteedLoans is a connector service, not a direct lender. We’ll facilitate your connection with potential lenders and help you find a payday loan that works for you.

Apply now on our website and get connected with a payday loan lender that can help you bridge the gap between paychecks.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Mc Leod, Texas?

Yes, if you default on a payday loan in Mc Leod, Texas, the lender may take legal action against you to collect the debt. This could include filing a lawsuit or obtaining a court order to garnish your wages. It is important to communicate with your lender and seek legal advice if you are unable to make your loan repayment.

Are there any alternatives to payday loans in Mc Leod, Texas?

Yes, there are several alternatives to payday loans in Mc Leod, Texas, such as small consumer loans, credit union loans, and installment loans. These options may have lower interest rates and more flexible repayment terms, but it is important to compare the terms and conditions of each option before deciding on a lender.