Payday Loans in Proctor, Texas

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Vic Vaughn Toyota of Boerne 31205 Interstate 10 Frontage Rd, Boerne, TX 78006 +1 (210) 787 - 1733
Atlas Credit Co., Inc. 321 S Colorado St, Lockhart, TX 78644 +1 (512) 398 - 3835
AgTexas Farm Credit Services 104 Interstate 27 Service Rd, Plainview, TX 79072 +1 (806) 296 - 2782
B & F Finance 1522 E 8th St, Odessa, TX 79761 +1 (432) 272 - 3994
First State Bank-Brownsboro 6465 State Hwy 31 E, Murchison, TX 75778 +1 (903) 469 - 4600
Security Finance 1104 US-83, Zapata, TX 78076 +1 (956) 765 - 4698
Security Finance 412 N Alabama Rd, Wharton, TX 77488 +1 (979) 532 - 9003
Western Finance 800 Main St, Liberty, TX 77575
Cash America Pawn 12215 Rc Poe Rd, El Paso, TX 79938 +1 (915) 242 - 0656
Point Bank 2103 E Eldorado Pkwy, Little Elm, TX 75068 +1 (940) 686 - 7000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Proctor, TX, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Spring, TX, Payday Loans in Sugar Land, TX, Guaranteed Loans in Temple, TX, Payday Loans in Texarkana, TX, Same Day Loans in Texas City, TX, Payday Loans in The Colony, TX, Payday Loans in Tyler, TX and Payday Loans in Victoria, 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 Proctor, TX.

Are Payday Loans Legal In Proctor, 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

Proctor, TX payday loan calculator

Payday Loans in Proctor, Texas: Everything You Need to Know

If you are in need of quick cash in Proctor, Texas, payday loans may be a solution to your financial problem. A payday loan is a short-term, high-interest loan that is due on your next payday. In Texas, payday loans are legal, and there are several lenders who can provide this service to you. In this article, we will discuss everything you need to know about payday loans in Proctor, Texas.

How Do Payday Loans Work in Proctor, Texas?

Payday loans are a popular form of short-term lending in Texas. They are designed to help people who need cash quickly and easily. The borrower provides the lender with their personal information and a postdated check for the loan amount plus fees. The lender then gives the borrower the cash and holds onto the check until the borrower’s next payday. When payday comes around, the lender deposits the check, and the loan is paid back.

Payday loans can be a convenient way to get quick money, but they come with high fees and interest rates. It’s important to understand the terms of the loan and to be sure that you can pay it back on time. Failure to repay a payday loan can result in additional fees and damage to your credit score.

What Are the Requirements for Getting a Payday Loan in Proctor, Texas?

To qualify for a payday loan in Proctor, Texas, you must meet certain requirements. These may vary depending on the lender, but generally, you must:

  • Be at least 18 years old
  • Have a valid government-issued ID
  • Have a checking account in good standing
  • Have proof of income

You may also be required to provide additional documentation or information, such as proof of residency or references.

What Is the Maximum Amount of a Payday Loan in Proctor, Texas?

In Texas, the maximum amount you can borrow with a payday loan is $1,800. The actual amount you can borrow may be less, as lenders may consider your income and other factors when determining how much to lend you.

What Are the Fees and Interest Rates for Payday Loans in Proctor, Texas?

Payday loans in Texas come with high fees and interest rates. The maximum interest rate that lenders can charge is 10% of the loan amount, but other fees may apply. These can include:

  • Origination fees
  • Processing fees
  • Non-sufficient funds (NSF) fees

It’s important to read all the loan terms and carefully understand the fees and interest rates before accepting a loan.

What Should You Consider Before Taking Out a Payday Loan in Proctor, Texas?

While payday loans can be a convenient way to get quick cash, they are not without risks. Before taking out a payday loan in Proctor, Texas, you should consider:

  • Whether you can afford to repay the loan on time
  • The total cost of the loan, including fees and interest
  • Whether there are any alternative forms of credit available to you

You should also be aware that payday loans can be a cycle of debt, as borrowers may take out a new loan to pay off the previous one. This can lead to a never-ending cycle of high-interest debt.

Interesting Facts and Statistics About Payday Loans in Proctor, Texas

  • According to the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 loans per year.
  • In Texas, the average payday loan amount is $470.
  • More than 80% of payday loan borrowers in Texas did not understand the terms and conditions of their loan.

Apply Now

If you need a payday loan in Proctor, Texas, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application to get started. Please note that TheGuaranteedLoans is not a direct lender, but a connector service that can help facilitate your connection with potential lenders.

Remember, payday loans should only be used in cases of emergency and should be paid back on time to avoid high fees and interest rates.

Conclusion

Payday loans in Proctor, Texas can be a helpful financial tool for those in need of quick cash. However, they also come with high fees and interest rates, which can lead to a cycle of debt. Before taking out a payday loan, you should carefully consider whether you can afford to repay it on time and whether there are any alternative forms of credit available to you. If you decide that a payday loan is the right option for you, be sure to read and understand the terms and conditions of the loan.

F.A.Q.

How much can I borrow with a payday loan in Proctor, Texas?

The maximum amount that can be borrowed with a payday loan in Proctor, Texas is $500. However, lenders may not lend more than 20% of the borrower's gross monthly income or 25% of their net income.

What are the fees and interest rates associated with payday loans in Proctor, Texas?

Payday loans in Proctor, Texas have a maximum APR of 661%. Lenders are also allowed to charge a loan origination fee of up to $10 per $100 borrowed, as well as a database verification fee of up to $2.50 per loan.