Payday Loans in Myra, Texas

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

Company nameAddressZip codePhone number
Texas Cash Finance Inc 112 W Erwin St, Tyler, TX 75702 +1 (903) 531 - 9801
Thrivent Financial for Lutherans 201 S Market St, Karnes City, TX 78118 +1 (210) 960 - 7693
G & G Loan Co 817 E Main Ave, Robstown, TX 78380 +1 (361) 387 - 9249
Legend Bank 101 W Tarrant St, Bowie, TX 76230 +1 (940) 872 - 2221
Woodforest National Bank 2050 TX-78, Wylie, TX 75098 +1 (972) 941 - 6563
Cash Store 1601 Kermit Dr Ste 250, Plainview, TX 79072 +1 (806) 293 - 5800
Texas Champion Bank 505 Bowie St, George West, TX 78022 +1 (361) 449 - 2962
Covington Credit 1626 Texoma Pkwy, Sherman, TX 75090 +1 (903) 893 - 5583
Alliance Capital 2000 E Lamar Blvd 600, Arlington, TX 76006 +1 (844) 340 - 6665
Economy Finance 336 N Ceylon St, Eagle Pass, TX 78852 +1 (830) 773 - 9296

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Myra, TX, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Rockwall, TX, Payday Loans in Rosenberg, TX, Payday Loan for Round Rock, TX, Payday Loan Without a Credit Check in Rowlett, TX, Payday Loans in San Angelo, TX, Payday Loans in San Antonio, TX, Bad Credit Loans in San Juan, TX and 24-Hour Loan in San Marcos, 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 Myra, TX.

Are Payday Loans Legal In Myra, 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

Myra, TX payday loan calculator

Payday Loans in Myra, Texas

Payday loans are a type of short-term loan that people can use to get through a temporary financial crunch. In the state of Texas, payday loans are legal and there are many lenders offering this service. One such place is Myra, a small town located in Cooke County in North Texas. This article will discuss everything you need to know about payday loans in Myra, Texas.

What are Payday Loans?

Before we dive into the details of payday loans in Myra, Texas, let’s first understand what a payday loan is. A payday loan is a short-term loan that is typically due on the borrower’s next payday. These loans are meant to be used for emergency situations, such as unexpected bills or car repairs, and are not intended to be a long-term solution to financial problems.

How do Payday Loans Work?

Payday loans are typically easy to obtain. In Myra, Texas, borrowers can apply for payday loans at storefront locations or online. The process is simple – the borrower fills out an application, provides proof of income and a valid ID, and the lender determines if they are eligible for a loan. If approved, the borrower receives the loan amount and must repay it, along with any fees and interest, on their next payday. The repayment period can range from 14 to 31 days depending on the lender.

Fees and Interest Rates for Payday Loans in Myra, Texas

Payday loans are known for their high interest rates and fees. In Myra, Texas, lenders can charge up to 10% of the loan amount as a fee, and interest rates can range from 120% to 400%. It is important for borrowers to carefully read the terms and conditions of their loan agreement before accepting a loan to understand the full cost of the loan.

Benefits of Payday Loans

  • Easy to obtain – payday loans are typically easy to obtain, making them a good option for those who need cash quickly
  • No credit check required – most payday lenders do not require a credit check, which can be helpful for those with poor credit
  • Flexible repayment terms – borrowers can choose the repayment term that best fits their needs and budget

Drawbacks of Payday Loans

  • High interest rates and fees – payday loans are known for their high interest rates and fees, which can make them difficult to repay
  • Short repayment terms – borrowers must repay payday loans in a short amount of time, which can be challenging if they are already struggling financially
  • Can lead to a cycle of debt – if borrowers are unable to repay their payday loans, they may take out additional loans, leading to a cycle of debt

Facts and Statistics about Payday Loans in Myra, Texas

– In 2019, there were over 2,000 payday lending locations in Texas

– Payday loans are the most expensive form of credit available in Texas

– The average interest rate for a payday loan in Texas is 454%

– In 2020, Texans paid over $2.4 billion in fees for payday loans

Apply Now

If you are in need of a payday loan in Myra, Texas, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, and we work with a network of reputable lenders who offer payday loans in Myra, Texas. To apply, simply fill out our online application and we will match you with potential lenders. Remember to carefully read the terms and conditions of any loan before accepting it.

Final Thoughts

Payday loans can be a helpful tool for those in need of emergency funds, but it is important to understand the risks and costs associated with these loans. If you are considering a payday loan in Myra, Texas, make sure to do your research and carefully read the terms and conditions of any loan before accepting it. And remember, TheGuaranteedLoans is here to help you connect with potential lenders and find the loan that best fits your needs and budget.

F.A.Q.

Are payday loans in Myra, Texas regulated by the state government?

Yes, payday loans in Myra, Texas are regulated by the state government. This includes restrictions on the maximum amount you can borrow, the maximum loan term, and the fees and charges that lenders are allowed to charge.

Is it possible to get a payday loan in Myra, Texas with bad credit?

Yes, it is possible to get a payday loan in Myra, Texas with bad credit. Most payday lenders do not require a credit check, so your credit score will not affect your eligibility for a loan. However, you may still be required to provide proof of income and other information to qualify for a payday loan.