Payday Loans in Simms, Texas

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

Company nameAddressZip codePhone number
Walmart Money Center 1501 I-27, Plainview, TX 79072
Sun Loan Company 1474 W Price Rd 8, Brownsville, TX 78520 +1 (956) 541 - 1200
Amistad Loan Co 840 S Main St, Del Rio, TX 78840 +1 (830) 775 - 4746
Atlas Credit Co., Inc. 857 E Washington St C, Brownsville, TX 78520 +1 (956) 546 - 3368
Wells Fargo Bank 2296 TX-361, Ingleside, TX 78362 +1 (361) 238 - 4022
Texan Credit Corporation 12220 Murphy Rd Ste I, Stafford, TX 77477
Capital Farm Credit 1001 Sidney Baker St, Kerrville, TX 78028 +1 (830) 257 - 4444
CashMax Title & Loan 2500 North St, Nacogdoches, TX 75965 +1 (936) 569 - 2274
Advance America 676 SW Wilshire Blvd, Burleson, TX 76028 +1 (817) 447 - 7960
ACE Cash Express 1500 E Court St Ste 104, Seguin, TX 78155 +1 (830) 379 - 3223

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Simms, TX, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Denton, TX, Emergency Loan in DeSoto, TX, Payday Loan for Duncanville, TX, Payday Loans in Edinburg, TX, Quick Loan in El Paso, TX, Payday Loans in Euless, TX, Payday Loans in Farmers Branch, TX and Payday Loans in Flower Mound, 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 Simms, TX.

Are Payday Loans Legal In Simms, 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

Simms, TX payday loan calculator

Payday Loans in Simms, Texas: What You Need to Know

If you’re looking for quick cash to cover unforeseen expenses, you might have considered taking out a payday loan. Texas is one of the few states that allow payday lending, and Simms is no exception. But before you take out a loan, it’s important to understand what payday loans are, how they work, and what risks they entail.

What are Payday Loans?

A payday loan is a short-term, high-cost loan that’s designed to tide you over until your next payday. Here’s how it works: you write a postdated check or provide the lender with permission to electronically debit your account for the loan amount plus fees and interest. The loan term typically ranges from two weeks to a month. If you can’t repay the loan on time, you may be allowed to roll it over for an additional fee. However, this can quickly become a debt trap, with interest rates as high as 400%.

How Do Payday Loans Work in Texas?

In Texas, the maximum loan amount is $1,800, and the repayment term can’t exceed 180 days. Lenders aren’t allowed to charge more than 10% interest on the loan amount, plus a $10 fee for every $100 borrowed. There are no rollovers allowed, and if you can’t repay the loan on time, the lender can’t charge you additional fees or interest.

The Risks of Payday Loans

Payday loans can be a quick fix for short-term financial problems, but they can also lead to long-term debt. The interest rates and fees are high, and if you can’t repay the loan on time, they can pile up quickly. Additionally, payday lenders don’t take your ability to repay into account, so you may be approved for a loan you can’t afford. This can lead to a cycle of debt that’s hard to break.

Applying for a Payday Loan

If you decide to take out a payday loan, you can apply online or in person at a lender’s store. The application process is simple and usually takes only a few minutes. You’ll need to provide your personal and financial information, including your name, address, and income. Lenders may also check your credit history or ask for proof of employment.

Interesting Facts and Statistics

– In 2019, Texans took out 10.2 million payday loans, with a total loan volume of $4.2 billion.
– The average payday loan in Texas is $470, and the average APR is 661%.
– Texas has the second-highest number of payday lending storefronts in the country, with over 3,200 locations.

Apply Now

At TheGuaranteedLoans, we understand that unexpected expenses can happen to anyone. That’s why we offer our services as a connector between borrowers and potential lenders. We work with a network of trusted lenders who may be able to provide you with the funds you need. Simply fill out our online application form, and we’ll match you with a lender who meets your needs. Remember, we’re not a direct lender, but we’ll help you find one who can help.

In conclusion, payday loans can be a risky financial decision, but they can also be a lifesaver in a pinch. If you’re considering taking out a payday loan in Simms, Texas, be sure to do your research, read the terms and conditions carefully, and only borrow what you can afford to repay. If you need help finding a lender, TheGuaranteedLoans is here to help.

F.A.Q.

Are there any alternative options to payday loans in Simms, Texas?

Yes, there are several alternative options to payday loans in Simms, Texas, such as personal loans from banks or credit unions, borrowing from friends or family, or seeking assistance from non-profit organizations. These options may have lower interest rates and fees, and can help borrowers avoid the potential pitfalls of payday loans.

Are payday loans legal in Simms, Texas?

Yes, payday loans are legal in Simms, Texas. The state has specific regulations in place to protect consumers from predatory lending practices.