Payday Loans in Sheridan, Texas

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

Company nameAddressZip codePhone number
CashMax Title & Loan 928 N Belt Line Rd #100, Grand Prairie, TX 75050
WTNM Atlantic Federal Credit Union 320 E Broadway St, Denver City, TX 79323 +1 (806) 592 - 9225
Quick Loans 1217 Leander Rd Suite 103, Georgetown, TX 78628 +1 (512) 869 - 4776
Advance America 439-B Sheldon Rd., Channelview, TX 77530
Justice Finance Co 209 E Moore Ave, Terrell, TX 75160 +1 (972) 563 - 2633
Mariner Finance 115 Sundance Pkwy 310, Round Rock, TX 78681 +1 (512) 354 - 1869
FirstBank & Trust 305 N Main St, Shamrock, TX 79079 +1 (806) 256 - 2181
RAPID A LOANS 116 Horizon Blvd, Socorro, TX 79927 +1 (915) 859 - 7774
DolEx Dollar Express 632 S Main St, Clute, TX 77531 +1 (888) 246 - 2527
Security Finance 424 E 1st St, Dumas, TX 79029 +1 (806) 935 - 4177

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sheridan, TX, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in McKinney, TX, Payday Loans in Mesquite, TX, Payday Loans in Midland, TX, Payday Loan for Mission, TX, Emergency Loan in Missouri City, TX, Payday Loan Without a Credit Check in Nacogdoches, TX, Payday Loans in New Braunfels, TX and Payday Loans in North Richland Hills, 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 Sheridan, TX.

Are Payday Loans Legal In Sheridan, 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

Sheridan, TX payday loan calculator

Understanding Payday Loans in Sheridan, Texas

Payday loans are an increasingly popular financial service in Texas, including the small town of Sheridan. For those who need quick cash in an emergency, a payday loan can be a lifesaver. However, it’s essential to understand how payday loans work and the laws governing them in the state of Texas before you borrow.

How Payday Loans Work

A payday loan is a short-term cash advance that you repay with your next paycheck. To obtain a payday loan, you typically write a post-dated check for the amount borrowed plus fees. The lender holds this check until your next payday, at which point they cash the check.

Payday loans are designed to help people cover unforeseen expenses or emergencies, such as car repairs, medical bills, or utility bills. However, their short repayment terms and high fees can cause borrowers to fall into debt and trap them in a cycle of taking out loans to pay off other loans.

Payday Loan Laws in Texas

Payday loans are legal in Texas, but the state has strict regulations regarding maximum loan amounts, fees, and other aspects of payday lending. Texas law limits the maximum amount you can borrow with a payday loan to $1,800. The loan term cannot exceed 180 days, and the APR (Annual Percentage Rate) cap is 10%.

It’s essential to fully understand the terms and fees associated with any payday loan you apply for in Sheridan, Texas. Be sure to read the loan agreement carefully and ask the lender questions if you’re unsure about anything.

The Pros and Cons of Payday Loans

Like any financial service, payday loans have pros and cons to consider carefully before you take one out. Some advantages of payday loans are their quick availability, even if you have bad credit or no credit history. Payday lenders often don’t check your credit score, making it easier to get approved for a loan.

But there are also downsides to payday loans. The high fees associated with payday loans make them an expensive option in the long term. Plus, if you don’t pay the loan back on time, you could fall into a cycle of debt that’s difficult to get out of.

Facts and Statistics About Payday Loans in Sheridan, Texas

  • In 2019, the average APR for payday loans in Texas was 410%.
  • According to the Texas Office of Consumer Credit Commissioner, between 2015 and 2019, the number of payday lending locations decreased by 13%.
  • In 2019, Texans borrowed more than $3.8 billion in payday loans.

Apply Now for a Payday Loan in Sheridan, Texas

If you need quick cash in Sheridan, Texas, a payday loan might be an option for you. At TheGuaranteedLoans, we provide a connector service that links borrowers to potential lenders in their area. Our online application process is straightforward and secure. Please note that we are not a direct lender but only connect you with potential lenders in our network.

To apply, fill out our online application and choose the loan amount that works for you. Our lenders will review your application and get back to you quickly. If you’re approved, you could receive funds as soon as the next business day.

Final Thoughts

Payday loans can be a helpful option for those who need quick cash to cover expenses in an emergency. However, it’s important to understand the terms and fees associated with any loan before you borrow. By doing your research and borrowing responsibly, you can avoid falling into a cycle of debt and take advantage of the benefits that payday loans can offer.

F.A.Q.

Are payday loans in Sheridan, Texas regulated by the state government?

Yes, payday loans in Sheridan, Texas are regulated by the state government. This includes restrictions on the maximum amount you can borrow, the maximum loan term, and the fees and charges that lenders are allowed to charge.

Is it possible to get a payday loan in Sheridan, Texas with bad credit?

Yes, it is possible to get a payday loan in Sheridan, Texas with bad credit. Most payday lenders do not require a credit check, so your credit score will not affect your eligibility for a loan. However, you may still be required to provide proof of income and other information to qualify for a payday loan.