Payday Loans in Sheffield, Texas

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

Company nameAddressZip codePhone number
Paycheck Advance 2537 19th St, Hondo, TX 78861
Capital Farm Credit 456 N Jefferson St, La Grange, TX 78945 +1 (979) 968 - 5750
Herring Bank 2317 S Belt Line Rd, Grand Prairie, TX 75051 +1 (214) 382 - 9140
Star of Texas Financial Solutions 2241 NW Military Hwy Suite 104, San Antonio, TX 78213 +1 (210) 525 - 0055
TEXAS WARRANT LOANS 1717 S Pleasant Valley Rd, Austin, TX 78741 +1 (512) 478 - 1653
Check n Go 119 W Tyler St Suite 261-A, Longview, TX 75601 +1 (903) 553 - 9687
Advance America 1501 W Church St Suite 200, Livingston, TX 77351 +1 (936) 327 - 1091
Texas Loan Co 308 S 10th St, Donna, TX 78537 +1 (956) 464 - 5359
People State Bank 116 E 3rd St, Hallettsville, TX 77964 +1 (361) 798 - 3237
NavyArmy Community Credit Union 4802 Crosstown Expy, Corpus Christi, TX 78415 +1 (800) 622 - 3631

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sheffield, TX, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Dallas, TX, Quick Loan in Deer Park, TX, Quick Loan in Del Rio, TX, Payday Loans in Denton, TX, Payday Loans in DeSoto, TX, Payday Loans in Duncanville, TX, Quick Loan in Edinburg, TX and Payday Loans in El Paso, 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 Sheffield, TX.

Are Payday Loans Legal In Sheffield, 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

Sheffield, TX payday loan calculator

Payday Loans in Sheffield, Texas

Payday loans are a popular type of short-term loan that many people use to get through financial emergencies. They are often a quick and easy solution for individuals who need cash fast and have no other options. While payday loans are legal in Texas, it is important to understand the regulations and risks before taking out a loan.

What are payday loans?

Payday loans are small-dollar, short-term loans that are typically due on the borrower’s next payday. They are generally easy to obtain, as the application process is quick and requires minimal documentation. In Texas, payday loans can be for up to $1,800 and must be repaid within 14-180 days.

How do payday loans work in Texas?

When someone takes out a payday loan in Texas, they must provide a postdated check or authorization for an electronic debit for repayment. The interest rates on payday loans in Texas can be extremely high, with some lenders charging up to 400% APR. Texas law requires lenders to prominently display the APR and fees associated with the loan, so borrowers know exactly what they are getting into.

Are there risks with payday loans?

Yes, there are risks associated with taking out payday loans. The high APRs can add up quickly and make repayment difficult for those living paycheck to paycheck. Many borrowers end up rolling over their loans, which means they pay additional fees and interest to extend the due date. This can lead to a cycle of debt that is difficult to break free from.

What are the regulations surrounding payday loans in Texas?

Payday loans are legal in Texas, but they are heavily regulated. The following are some of the key regulations:

  • Maximum loan amount: $1,800
  • Maximum loan term: 180 days
  • Annual Percentage Rate (APR): No cap
  • Lenders must prominently display the APR and fees associated with the loan
  • Borrowers can only have one outstanding payday loan at a time
  • Lenders must comply with the federal Truth in Lending Act

Interesting Facts and Statistics about Payday Loans in Sheffield, Texas

  • In 2021, 8.5% of Texas residents reported using a payday loan
  • The average payday loan amount in Texas is $400
  • There are over 3,000 payday loan stores in Texas
  • In 2019, Texans paid over $1.6 billion in payday and auto title loan fees

It is clear that payday loans are a popular financial tool for many people in the state of Texas. However, it is important to fully understand the terms and risks of these loans before taking one out.

Apply Now

If you find yourself in need of a payday loan in Sheffield, Texas, TheGuaranteedLoans is here to help. We are a connector service that will match you with potential lenders based on your application. Simply fill out our online application form and be on your way to finding the cash you need. Remember, TheGuaranteedLoans is not a lender and we do not make credit decisions.

F.A.Q.

Can I roll over my payday loan in Sheffield, Texas?

Yes, Texas law allows payday loans to be rolled over or extended, but only once per loan. This means that if you are unable to repay the loan on the due date, you can extend the loan for an additional 14 days, but you will be charged additional fees and interest for this service.

Can I obtain a payday loan in Sheffield, Texas if I have bad credit?

Yes, payday loans in Sheffield, Texas are typically available to individuals with bad credit. Lenders do not typically require a credit check, but may still require proof of income and a valid checking or savings account.