Payday Loans in Midfield, Texas

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

Company nameAddressZip codePhone number
City Finance in Sherman www.cityfinancetx.com 215 N Travis St, Sherman, TX 75090 +1 (903) 893 - 9060
Discount Car Title Loan- Mcallen: Pecan & 23rd 2257 Pecan Blvd, McAllen, TX 78501 +1 (956) 803 - 1611
Citizens State Bank 155 8th St, Somerville, TX 77879 +1 (979) 596 - 1421
Atlas Credit Co., Inc. 113 W Main St, Palestine, TX 75801 +1 (903) 731 - 9386
Cash Store 351 FM 548 Ste 108, Forney, TX 75126
Nations Lending 2711 Lyndon B Johnson Fwy 330, Dallas, TX 75234 +1 (972) 427 - 4150
Coleman County State Bank 118 W Pecan St # 101, Coleman, TX 76834
Payment 1 Financial 2833 S 14th St, Abilene, TX 79605 +1 (325) 670 - 0204
Advance America 1922 S Main St, Weatherford, TX 76086 +1 (817) 594 - 8641
Education Credit Union - Plum Creek 5500 Plum Creek Dr, Amarillo, TX 79124 +1 (806) 358 - 7777

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Midfield, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Corpus Christi, TX, Payday Loan for Dallas, TX, Payday Loans in Deer Park, TX, Guaranteed Loans in Del Rio, TX, Payday Loans in Denton, TX, Same Day Loans in DeSoto, TX, Short-term Loans in Duncanville, TX and Payday Loans in Edinburg, 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 Midfield, TX.

Are Payday Loans Legal In Midfield, 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

Midfield, TX payday loan calculator

Payday Loans in Midfield, Texas: A Comprehensive Guide

When you’re tight on cash and need a quick fix, payday loans can look like an attractive option. Payday loans are short-term loans that generally have high interest rates and fees. In Midfield, Texas, these loans are legal, but it’s important to understand the pros and cons before taking one out. In this article, we’ll dive into the payday loan industry in Midfield, Texas, and help you make an informed decision.

How do payday loans work?

Payday loans are small, short-term loans that are typically due on your next payday. The lender will typically require you to write a post-dated check for the loan amount plus any fees and interest. On your next payday, the lender will cash the check to pay off the loan. If you can’t pay the loan off in full on your next payday, the lender will likely offer to roll the loan over for another fee.

Payday loan regulations in Midfield, Texas

In Texas, payday loans are legal, but the state has put some regulations in place to help protect consumers. Lenders are limited to charging no more than 10% interest, and a $10 origination fee for each $100 borrowed. Additionally, the loan term cannot exceed 31 days. It’s important to note that these regulations apply specifically to payday loans, and not all short-term loans.

Pros and cons of payday loans

Pros:

  • Accessibility: Payday loans are often easier to qualify for than traditional loans. Even if you have bad credit, you may still be approved for a payday loan.
  • Speed: Payday loans are designed to provide quick cash when you need it. Some lenders can provide same-day funding, so you can get the money you need right away.

Cons:

  • High interest rates: Payday loans come with high interest rates and fees, which can make them an expensive option.
  • Debt cycle: It’s easy to get caught in a cycle of debt with payday loans. If you can’t pay off the loan on your next payday, you’ll likely have to roll it over, incurring additional fees and interest.

Interesting Facts and Statistics

  • According to the Texas Fair Lending Alliance, the average payday loan in Texas carries an annual percentage rate (APR) of 574%.
  • In Texas, about 8% of adults have taken out a payday loan in the past 12 months.
  • In 2019, Texas borrowers paid over $1.6 billion in fees for payday and auto title loans.

Applying for a payday loan with TheGuaranteedLoans

If you’ve decided that a payday loan is the right option for you, TheGuaranteedLoans can help you find a lender. We specialize in connecting borrowers with potential lenders. Our online application process is easy and secure, and you can get your loan decision within minutes. Keep in mind that TheGuaranteedLoans is a connector service, not a direct lender, so make sure to read all terms and conditions of the loan before signing any agreement.

Apply Now

Fill out our online application today and get connected with potential lenders in Midfield, Texas. Our process is easy and secure, and you can get your loan decision within minutes.

Please note: TheGuaranteedLoans is not a direct lender and we do not make loan decisions. We simply help connect borrowers with potential lenders. Make sure to read all terms and conditions of the loan before signing any agreement.

F.A.Q.

Are there any restrictions on how I can use the funds from a payday loan in Midfield, Texas?

You are free to use the funds from a payday loan in Midfield, Texas for any purpose, as long as it is legal. However, most payday loans are used to cover unexpected expenses or to bridge a financial gap until the borrower's next payday.

Are there any fees or charges associated with payday loans in Midfield, Texas?

Yes, there are fees and charges associated with payday loans in Midfield, Texas. These may include application fees, origination fees, interest charges, and late payment fees. It is important to carefully review the terms and conditions of your payday loan to understand all of the fees and charges you may be responsible for.