Payday Loans in Paluxy, Texas

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

Company nameAddressZip codePhone number
Action Pawn 1 1107 S Fort Hood St, Killeen, TX 76542 +1 (254) 634 - 4488
BancorpSouth Bank 1115A Main St, Buda, TX 78610 +1 (512) 312 - 5600
Cliff's Check Cashing 27 2886 Forest Ln, Dallas, TX 75234 +1 (972) 484 - 9999
Education Credit Union - Canyon 2100 4th Ave, Canyon, TX 79015 +1 (806) 358 - 7777
Happy State Bank 3110 Olton Rd, Plainview, TX 79072 +1 (806) 296 - 2265
Western Union Cash Stop, 408 W Scurry St, Daingerfield, TX 75638 +1 (903) 645 - 5626
J&C Loans 309 N Washington Ave, Marshall, TX 75670
Texas Car Title & Payday Loan Services, Inc. 1300 E Grand Ave, Marshall, TX 75670 +1 (903) 938 - 0200
Southwest Loan Processing 6370 Lyndon B Johnson Fwy 275, Dallas, TX 75240 +1 (214) 295 - 7277
Sun Loan Company 2773 S Staples St, Corpus Christi, TX 78404 +1 (361) 882 - 4012

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Paluxy, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Tyler, TX, Payday Loan Without a Credit Check in Victoria, TX, Payday Loans in Waco, TX, 24-Hour Loan in Waxahachie, TX, Payday Loans in Weslaco, TX, Same Day Loans in Wichita Falls, TX, Payday Loans in Wylie, TX and Payday Loans in Abilene, 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 Paluxy, TX.

Are Payday Loans Legal In Paluxy, 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

Paluxy, TX payday loan calculator

Understanding Payday Loans in Paluxy, Texas

Do you find yourself in need of quick cash to pay for unexpected bills or expenses? You’re not alone. Many people in Paluxy, Texas, have turned to payday loans as a solution. But what are payday loans, and how do they work in Texas?

What are Payday Loans?

Payday loans are short-term, high-interest loans designed to assist individuals in covering emergency expenses until their next payday. These loans are typically for small amounts, with the average loan amount being $350.

In Texas, payday loans are legal and governed by the Texas Finance Code, which regulates short-term loans and financial services within the state.

How Does the Process Work?

The process of obtaining a payday loan in Paluxy, Texas, is fairly simple. First, you’ll need to provide proof of income, a valid government-issued ID, and a checking account. You’ll then fill out an application and provide a postdated check for the amount you’re borrowing, plus fees and interest.

Once approved, you’ll receive your loan amount in cash, and the lender will hold onto your check until your next payday. At that time, you’ll either pay back the loan in full or renew the loan by paying the fees and interest.

It’s important to note that payday loans should only be used for emergencies and not as a long-term financial solution.

What are the Fees and Interest Rates?

Payday loans in Texas have a maximum loan amount of $1,800 and a maximum term of 180 days. The interest rates and fees are not capped, meaning lenders can charge any amount they choose. However, the average interest rate for a payday loan in Texas is 662%, making them one of the most expensive loans available.

It’s crucial to read the fine print and understand the fees and interest rates before taking out a payday loan. Failure to repay the loan can result in additional fees and damage to your credit score.

Interesting Facts and Statistics about Payday Loans in Paluxy, Texas

  • As of 2021, there were over 2,000 licensed payday and title loan stores in Texas.
  • During 2020, Texans received over 3.1 million payday loans, with a total loan value of $1.4 billion.
  • Individuals in Texas owe an average payday loan debt of $524.
  • Over 75% of payday loan borrowers in Texas renew their loans, leading to a debt cycle.

Apply Now

TheGuaranteedLoans is a connector service designed to help you find potential lenders quickly and easily.

If you’re in Paluxy, Texas, and in need of a payday loan, visit our website and fill out an online application. We’ll match you with potential lenders, and they’ll contact you to complete the process.

Remember, payday loans should only be used for emergencies and not as a long-term financial solution. Make sure you understand the fees and interest rates before accepting a loan, and always repay the loan on time to avoid additional fees and damage to your credit score.

F.A.Q.

Are there any alternatives to payday loans in Paluxy, Texas?

Yes, there are several alternatives to payday loans in Paluxy, 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.

Can I be charged additional fees for using a payday loan in Paluxy, Texas?

Yes, in addition to the interest charges, payday lenders in Paluxy, Texas may charge additional fees for processing, origination, and late or missed payments. It is important to carefully review the loan agreement and understand all fees that may be associated with the loan before signing.