Payday Loans in Old Glory, Texas

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

Company nameAddressZip codePhone number
Action Credit, Cedar Park 711 N Bell Blvd STE C, Cedar Park, TX 78613 +1 (512) 249 - 0494
Oportun 1601 E Price Rd, Brownsville, TX 78521 +1 (956) 622 - 5573
Roscoe State Bank 117 Cypress St, Roscoe, TX 79545 +1 (325) 766 - 3311
Austin Finance Company 3428 N 1st St, Abilene, TX 79603 +1 (325) 673 - 5100
World Finance Corporation 821 Sheldon Rd e, Channelview, TX 77530
World Acceptance 405 N McDonald St, McKinney, TX 75069 +1 (972) 548 - 2714
Titan Bank 1701 E Hubbard St, Mineral Wells, TX 76067 +1 (940) 325 - 9821
City Finance 1330 N McDonald St STE 205, McKinney, TX 75071 +1 (972) 548 - 0092
Action Credit, San Benito 408 S Sam Houston Blvd 101, San Benito, TX 78586 +1 (956) 626 - 2133
TitleMax Title Loans 306 W Commerce St, Brownwood, TX 76801 +1 (325) 216 - 5123

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Old Glory, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Waco, TX, Payday Loan Without a Credit Check in Waxahachie, TX, Payday Loans in Weslaco, TX, Payday Loans in Wichita Falls, TX, Online Loans in Wylie, TX, Payday Loans in Abilene, TX, Payday Loans in Allen, TX and Payday Loan for Amarillo, 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 Old Glory, TX.

Are Payday Loans Legal In Old Glory, 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

Old Glory, TX payday loan calculator

Everything You Need to Know About Payday Loans in Old Glory, Texas

Payday loans are a popular option for those who find themselves in need of quick cash for unexpected expenses. These loans, which are regulated in Texas, can provide a short-term solution to address financial difficulties. In this article, we’ll explore everything you need to know about payday loans in Old Glory, Texas.

What are payday loans?

A payday loan is a type of short-term loan that typically must be repaid in full on the borrower’s next payday, hence the name. These loans are designed to provide cash quickly for those who need it most.

One of the reasons that payday loans are so popular is that they’re easy to obtain. In most cases, you just need to provide proof of income and a valid ID. Unlike traditional loans, which may require a lengthy application process and a credit check, payday loans can be approved quickly, often within minutes.

Are payday loans legal in Texas?

Yes, payday loans are legal in the state of Texas. While some states have banned payday lending altogether, Texas has put regulations in place to protect consumers and ensure responsible lending practices.

One of the key regulations for payday loans in Texas is that lenders must be licensed. The Texas Finance Code provides guidelines for licensing, as well as requirements for disclosure, interest rates, and other important factors.

  • Maximum loan amount: In Texas, payday loans cannot exceed $1,800. This helps to prevent consumers from borrowing more than they can afford to repay.
  • Minimum loan term: The minimum loan term for a payday loan in Texas is seven days. This ensures that borrowers have enough time to repay the loan without incurring additional fees or interest.
  • Maximum interest rate: Texas law limits the maximum interest rate that can be charged on a payday loan. Currently, the maximum rate is 10% of the loan amount, plus a $10 fee.

What are the requirements for getting a payday loan in Old Glory, Texas?

While lenders may vary in their specific requirements, there are some common criteria for obtaining a payday loan in Old Glory, Texas. Here are some of the most important:

  • Proof of income: You’ll need to provide evidence of regular income, such as a pay stub or bank statement.
  • Valid ID: You’ll need a government-issued ID, such as a driver’s license or passport.
  • Bank account: Most payday lenders require borrowers to have a checking account so that the loan can be deposited directly.
  • Age requirement: You must be at least 18 years old to apply for a payday loan in Texas.

What are the risks of payday loans?

While payday loans can be a valuable resource for those in need of cash quickly, they do come with some risks. Here are a few things to keep in mind:

  • High interest rates: Although Texas law limits the maximum interest rate that can be charged, payday loans can still carry a high cost. Borrowers should be sure to understand the total cost of a loan before agreeing to it.
  • Short repayment periods: Payday loans must typically be repaid in full on the borrower’s next payday. This can be difficult for some people, especially those who are already struggling financially.
  • Potential for renewals: Depending on the lender, borrowers may be able to renew their loan multiple times. However, each renewal typically comes with an additional fee or interest charge, which can add up quickly.

Interesting Facts and Statistics About Payday Loans in Old Glory, Texas

  • According to a 2016 study by the Texas Consumer Finance Association, the average payday loan in Texas is for $473. This is higher than the state’s maximum loan limit of $1,800, indicating that some lenders may not be following the law.
  • The same study found that the average payday loan term in Texas is 19 days, which is longer than the minimum requirement of seven days. This suggests that many borrowers are struggling to repay their loans in a shorter period of time.
  • A separate study by the Center for Public Policy Priorities found that 60% of Texas payday loan borrowers end up taking out additional loans to cover the original debt. This can lead to a cycle of debt that can be difficult to break.

Apply Now

If you find yourself in need of a payday loan in Old Glory, Texas, TheGuaranteedLoans can help. We are a connector service that works with a network of reputable lenders to connect borrowers with potential loan options. Fill out our online application today to get started.

Note: TheGuaranteedLoans is not a lender and does not make loans. We simply facilitate the connection between borrowers and lenders. We encourage all borrowers to carefully review the terms of any loan before accepting it.

F.A.Q.

How do I apply for a payday loan in Old Glory, Texas?

To apply for a payday loan in Old Glory, Texas, you will need to provide proof of income and identification, as well as a valid checking or savings account. You can apply online or in person at a payday loan store.

What are the repayment terms for payday loans in Old Glory, Texas?

Repayment terms for payday loans in Old Glory, Texas vary by lender, but most require repayment within 14 days. Some lenders may offer extended repayment plans, but this may result in additional fees and interest charges.