Payday Loans in Penelope, Texas

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

Company nameAddressZip codePhone number
A N Finance 900 Fabens Rd 1, Fabens, TX 79838 +1 (915) 764 - 2425
Western Finance 1003 E Loop 304, Crockett, TX 75835 +1 (936) 544 - 5101
First State Bank 106 N, TX-79, Olney, TX 76374 +1 (940) 564 - 3400
Modern Woodmen of America 11130 Jollyville Rd 400, Austin, TX 78759 +1 (512) 250 - 0458
World Finance Corporation 200 W Austin St, Giddings, TX 78942
Woodforest National Bank 201 W Marcy Dr, Big Spring, TX 79720 +1 (432) 466 - 0100
Barri Agent 181 S Efren Ramirez Ave, Roma, TX 78584
Community National Bank & Trust of Texas 402 E Hubbard St, Mineral Wells, TX 76067 +1 (877) 654 - 4500
World Finance Corporation 432 W Ave J, Robstown, TX 78380
Noble Finance 3101 S Western St, Amarillo, TX 79109 +1 (806) 356 - 0466

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Penelope, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Georgetown, TX, No Credit Check Loans in Grand Prairie, TX, Payday Loan Without a Credit Check in Grapevine, TX, Payday Loans in Haltom City, TX, Quick Loan in Harlingen, TX, Payday Loans in Houston, TX, Payday Loans in Huntsville, TX and Payday Loan Companies in Hurst, 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 Penelope, TX.

Payday Loans Available in Penelope, TX By The Following ZIP Codes:

76676

Are Payday Loans Legal In Penelope, 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

Penelope, TX payday loan calculator

Payday loans can be a valuable resource for people who need money quickly to cover unexpected expenses. In Penelope, Texas, these loans are legal and available for those who meet certain eligibility requirements. If you are considering a payday loan in Penelope, it’s important to understand how they work and what options are available to you.

What is a Payday Loan?

A payday loan is a short-term loan that is typically due on your next payday. These loans are designed to provide quick cash to help cover unexpected expenses, such as car repairs or medical bills. The application process is usually quick and easy, and you can often get approved for a loan within minutes. Payday loans are typically smaller than other types of loans, ranging from $100 to $1,000.

How do Payday Loans Work in Penelope, Texas?

In Penelope, payday loans are legal and regulated by the Texas Office of Consumer Credit Commissioner. To be eligible for a payday loan, you must be at least 18 years old, have proof of income, and a valid checking account. You also need to provide some personal information, such as your name, address, and phone number. Once you submit your application, the lender will review it and determine whether to approve the loan.

Payday loans in Penelope are typically due on your next payday, which is usually within a few weeks. If you are unable to repay the loan on time, you may be able to request an extension, but this will usually come with additional fees and interest. It’s important to read and understand the terms of your loan before accepting it to avoid any surprises later.

Pros and Cons of Payday Loans

Like any financial product, payday loans have both benefits and drawbacks. Some of the advantages of payday loans include:

  • Quick and easy application process
  • No credit check required
  • Can be used for any purpose

However, there are also some drawbacks to consider:

  • High interest rates and fees
  • Short repayment period
  • Can lead to a cycle of debt if not managed carefully

Interesting Facts and Statistics about Payday Loans in Penelope, Texas

  • There are over 3,000 payday loan storefronts in Texas.
  • The average payday loan in Texas is $450.
  • Over 80% of payday loans in Texas are rolled over or renewed at least once.
  • The average interest rate for a payday loan in Texas is 662%.
  • Payday lenders in Texas collect over $1.8 billion in fees and interest each year.

“Apply Now” Section

If you are considering a payday loan in Penelope, 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 to help you find the best loan for your needs. To get started, simply fill out our online application and we’ll take care of the rest. Whether you need cash to cover unexpected expenses or just need some extra money to get through until your next payday, we can help.

Conclusion

Payday loans can be a useful tool for those who need quick access to cash, but it’s important to understand how they work and what to expect before applying. If you are considering a payday loan in Penelope, take the time to research your options and make an informed decision. As with any financial product, it’s important to read and understand the terms of your loan before accepting it to ensure that you can repay it on time.

F.A.Q.

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

To apply for a payday loan in Penelope, 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 Penelope, Texas?

Repayment terms for payday loans in Penelope, 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.