Payday Loans in Raywood, 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 Raywood, TX. Consider companies in other cities:

Company nameAddressZip codePhone number
Security State Bank 501 Phelps Ave, Littlefield, TX 79339 +1 (806) 385 - 5134
ACE Cash Express 20530 I-45, Spring, TX 77373
Sun Loan Company 19585 IH-35 S, Ste C, Lytle, TX 78052
DTA Loans 500 N Zaragoza Rd C, El Paso, TX 79907 +1 (915) 859 - 4199
Education Credit Union - I-40 4400 I-40 Frontage Rd, Amarillo, TX 79106 +1 (806) 358 - 7777
Signature Loan Company 117 Wynnewood Plaza, Dallas, TX 75224 +1 (214) 943 - 2988
Pronto Cash 11214 West Ave, San Antonio, TX 78213 +1 (210) 930 - 6006
TitleMax Title Loans 911 Talbot Ave, Canutillo, TX 79835 +1 (915) 877 - 5065
Lone Star State Bank 600 FM700, Big Spring, TX 79720 +1 (432) 264 - 7717
Norman Hays-Allstate Agent 304 W Bedford St 2508, Dimmitt, TX 79027 +1 (806) 647 - 1140

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Raywood, TX, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Round Rock, TX, Same Day Loans in Rowlett, TX, Payday Loans in San Angelo, TX, Short-term Loans in San Antonio, TX, No Credit Check Loans in San Juan, TX, Online Loans in San Marcos, TX, Payday Loans in Schertz, TX and Payday Loans in Sherman, 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 Raywood, TX.

Are Payday Loans Legal In Raywood, 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

Raywood, TX payday loan calculator

Payday Loans in Raywood, Texas: A Comprehensive Guide

Payday loans are a popular financial product for those in need of quick cash. In Texas, payday loans are legal, and many people rely on them to cover unexpected expenses or make ends meet between paychecks. For those living in Raywood, Texas, this guide will provide an in-depth look at payday loans, including the benefits, risks, and laws surrounding them.

The Basics of Payday Loans

A payday loan, also known as a cash advance, is a short-term loan that is typically due on your next payday. Payday loans are marketed as a quick solution to financial emergencies, such as unexpected car repairs or medical bills. The loan amount is typically small, ranging from a few hundred to a few thousand dollars, and is meant to be repaid within a few weeks.

Payday loans are relatively easy to obtain, as most lenders do not require a credit check. Instead, they will typically ask for proof of income, a bank account, and a government-issued ID. The loan application process is often completed online, making it quick and convenient.

The Benefits of Payday Loans

For those in need of quick cash, payday loans can be a lifesaver. They offer fast and easy access to cash, making them an attractive option for those with urgent financial needs. Because payday loans do not require a credit check, they are also an option for those with poor credit.

In addition, payday loans do not require collateral, such as a car or home. This means that borrowers do not risk losing their assets if they are unable to repay the loan. Finally, payday loans are regulated by the state of Texas, ensuring that borrowers are protected from predatory lending practices.

The Risks of Payday Loans

While payday loans can be a helpful financial product, they come with risks that borrowers should be aware of. The high costs associated with payday loans can make it difficult to repay the loan on time, leading to a cycle of debt.

Payday loans often carry high-interest rates and fees, as well as short repayment terms. This can result in an annual percentage rate (APR) of over 500%, according to the Consumer Financial Protection Bureau (CFPB). If the borrower is unable to repay the loan on time, they may be subjected to additional fees and interest charges, which can quickly add up.

In addition, some payday lenders engage in predatory lending practices, such as charging excessive fees or making unauthorized withdrawals from the borrower’s bank account.

Payday Loan Laws in Texas

Payday loans are regulated by the state of Texas, which has enacted several laws to protect borrowers from predatory lending practices.

In Texas, payday lenders are limited to charging no more than 10% interest on loans, with a maximum loan term of 180 days. Lenders must also provide borrowers with clear information about the loan terms, fees, and interest rates. These regulations are enforced by the Texas Office of Consumer Credit Commissioner (OCCC).

It is important for borrowers to understand their rights under Texas law, as well as the risks associated with payday loans.

Interesting Facts and Statistics About Payday Loans in Raywood, Texas

  • Payday loans in Texas have an average interest rate of 662%, according to a report by the Texas Appleseed organization.
  • In 2019, Texans paid over $1.9 billion in fees for payday and auto title loans.
  • There are over 2,000 payday lenders in Texas, according to the Texas Fair Lending Alliance.

Apply Now and Connect with Lenders

If you are in need of quick cash in Raywood, Texas, TheGuaranteedLoans can help connect you with lenders. Our website offers a quick and easy online application process, and we do not require a credit check.

Please note that TheGuaranteedLoans is a connector service and not a direct lender. We work with a network of lenders to help you find the best loan options for your needs. To apply, simply fill out our online application and we will match you with potential lenders.

Final Thoughts

Payday loans can be a helpful financial product for those in need of quick cash, but they come with risks that borrowers should be aware of. By understanding the laws and regulations surrounding payday loans in Texas, and working with a reputable lender, borrowers can make informed decisions about their finances.

If you are in need of a payday loan in Raywood, Texas, TheGuaranteedLoans can help you connect with lenders and get the funds you need. Apply now to get started!

F.A.Q.

Are there any restrictions on how I can use the funds from a payday loan in Raywood, Texas?

No, borrowers are free to use the funds from a payday loan in Raywood, Texas for any purpose. However, it is important to remember that these loans should only be used for short-term financial emergencies and not for long-term financial planning.

What are the consequences of defaulting on a payday loan in Raywood, Texas?

If a borrower defaults on a payday loan in Raywood, Texas, the lender may pursue collection efforts, including contacting the borrower's employer, contacting third-party debt collectors, or taking the borrower to court. Defaulting on a payday loan can also have a negative impact on the borrower's credit score.