Payday Loans in Rio Medina, Texas

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

Company nameAddressZip codePhone number
Regional Finance 3719 N Fry Rd Suite O, Katy, TX 77449 +1 (281) 646 - 1082
Western Finance 301 S Commerce St, Lockhart, TX 78644 +1 (512) 398 - 9082
Banner Finance of Victoria 2513 N Laurent St, Victoria, TX 77901 +1 (361) 580 - 3300
Happy State Bank 16633 Dallas Pkwy 350, Addison, TX 75001 +1 (972) 934 - 2265
World Finance 5600 Rufe Snow Dr Ste 115, North Richland Hills, TX 76180 +1 (817) 427 - 0800
Check n Go 291 E Round Grove Rd 180, Lewisville, TX 75067 +1 (972) 459 - 3016
Cash Store 1200 Lowes Blvd Ste 104, Killeen, TX 76542 +1 (254) 616 - 5885
Check n Go 5335 Broadway Blvd 203, Garland, TX 75043 +1 (972) 240 - 6400
Principal Financial Group 19663 Catarina Blvd, Catarina, TX 78836 +1 (830) 542 - 6575
EZ Money 2228 W Trenton Rd, Edinburg, TX 78539 +1 (956) 928 - 0548

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rio Medina, TX, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Irving, TX, Bad Credit Loans in Keller, TX, Quick Loan in Killeen, TX, Payday Loans in Kyle, TX, No Credit Check Loans in La Porte, TX, Payday Loans in Lancaster, TX, Same Day Loans in Laredo, TX and Payday Loans in League City, 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 Rio Medina, TX.

Are Payday Loans Legal In Rio Medina, 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

Rio Medina, TX payday loan calculator

Payday Loans in Rio Medina, Texas

If you’re in Rio Medina, Texas, and in need of financial assistance, you may be considering a payday loan. Payday loans are a type of short-term loan that can help you cover unexpected expenses before your next paycheck. In this article, we’ll explore what payday loans are, how they work, and the regulations surrounding them in Texas.

What are payday loans?

Payday loans are small, short-term loans that are typically due on your next payday. These loans are designed to help you cover unexpected expenses, such as car repairs or medical bills, which can’t wait until your next paycheck. Payday loans are also known as cash advances, paycheck advances, or payday advances.

How do payday loans work?

To obtain a payday loan in Rio Medina, Texas, you’ll typically need to provide proof of income, such as a pay stub or bank statement, as well as a driver’s license or state-issued ID. You’ll also need to provide a post-dated check or authorize the lender to withdraw the loan amount plus fees directly from your bank account on your next payday.

Typically, payday lenders in Rio Medina will charge a fee of $10 to $30 for every $100 borrowed. These fees can add up quickly, so it’s essential to borrower only what you need and can afford to pay back.

What are the regulations surrounding payday loans in Texas?

Payday loans are legal in Texas, but they are heavily regulated to protect consumers. According to Texas law, payday lenders cannot charge more than 10% interest on loans, and the total amount of the loan cannot exceed 20% of the borrower’s gross monthly income.

Texas law also requires lenders to disclose loan terms and fees, as well as provide information about debt collection practices. Lenders must also be licensed by the state and adhere to all Texas lending laws and regulations.

Applying for a payday loan in Rio Medina, Texas

If you’re considering a payday loan in Rio Medina, Texas, TheGuaranteedLoans can help connect you with potential lenders. As a connector service, we work with a network of reputable lenders to help you find the loan that best meets your needs.

To apply for a payday loan through TheGuaranteedLoans, simply fill out our online application form. We’ll process your application and connect you with potential lenders who may be able to offer you a loan.

It’s important to note that while we work with reputable lenders, payday loans are still a costly form of borrowing. Before considering a payday loan, be sure to explore all of your options and only borrow what you can afford to pay back.

Interesting Facts and Statistics

– According to a Texas Appleseed report, the average payday loan borrower in Texas takes out 10 payday loans per year and spends an average of 199 days in debt per year.

– In 2019, the Texas Legislature passed a bill to create a state-run database of payday and auto title loans, aimed at reducing the number of borrowers who get trapped in a cycle of debt.

– As of 2021, there are more than 3,500 payday and auto title lenders operating in Texas.

In conclusion, payday loans can be a viable option for residents of Rio Medina, Texas, who need quick access to cash. However, it’s essential to be mindful of the fees and interest rates associated with these loans and only borrow what you can afford to pay back. If you’re considering a payday loan, TheGuaranteedLoans can help you connect with reputable lenders who can offer you a loan that meets your needs. Remember, it’s always important to carefully read and understand loan terms and fees before signing any loan agreement.

F.A.Q.

Do I need to have a checking account to take out a payday loan in Rio Medina, Texas?

Yes, most payday lenders in Rio Medina, Texas require borrowers to have a checking account in order to apply for a loan. This is because the loan amount and fees will be automatically deducted from the borrower's account on the due date.

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

No, borrowers are free to use the funds from a payday loan in Rio Medina, 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.