Payday Loans in Summerfield, Texas

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

Company nameAddressZip codePhone number
Citizens Federal Credit Union 701 FM700, Big Spring, TX 79720 +1 (432) 267 - 6373
World Finance 601 S Dumas Ave, Dumas, TX 79029 +1 (806) 934 - 2646
Regional Finance 2400 Veterans Blvd 10, Del Rio, TX 78840 +1 (830) 774 - 1703
World Finance Corporation 1706 Ave M, Hondo, TX 78861
Regional Finance 4902 Holly Rd Suite 112, Corpus Christi, TX 78411 +1 (361) 985 - 0331
Cash Store 641 Hurst St Ste B, Center, TX 75935
Elsa's Mr Checks 200 E Edinburg Ave ste b, Elsa, TX 78543 +1 (956) 262 - 7700
Regional Finance 6242 Rufe Snow Dr 230, North Richland Hills, TX 76148 +1 (817) 500 - 0474
Iron Gate Equity Group LLC 13300 Old Blanco Rd Ste 260, San Antonio, TX 78216 +1 (210) 408 - 0010
Gulf Credit Union 5140 W Parkway St, Groves, TX 77619 +1 (409) 963 - 1191

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Summerfield, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Corpus Christi, TX, Payday Loan for Dallas, TX, Payday Loan Companies in Deer Park, TX, Payday Loan Without a Credit Check in Del Rio, TX, Payday Loan Without a Credit Check in Denton, TX, No Credit Check Loans in DeSoto, TX, Quick Loan in Duncanville, TX and Payday Loans in Edinburg, 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 Summerfield, TX.

Are Payday Loans Legal In Summerfield, 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

Summerfield, TX payday loan calculator

Are you a resident of Summerfield, Texas, and in need of some quick cash? There is a legal option for getting a short-term loan in the form of a Payday loan. But before getting started, it’s important to understand how these loans work and how they affect your finances. In this article, we’ll cover everything you need to know about payday loans in Summerfield, Texas.

What is a Payday Loan?

A Payday loan is a short-term loan typically due on your next payday. These loans can be used for unexpected expenses or emergencies, such as car repairs or medical bills. Payday loans are considered high-interest loans because of the higher annual percentage rate (APR) than traditional loans.

In Summerfield, Texas, payday loans are legal, but the state has enacted laws for consumer protection. According to Texas law, the maximum loan amount is $1,800 with a loan term of no longer than 180 days. The maximum APR is 10%. Lenders are required to be licensed and registered with the Texas Office of Consumer Credit Commissioner.

The Application Process

The application process for payday loans is straightforward and can often be completed online. Most lenders require that you provide a valid photo ID, proof of income, and an active checking account.

After filling out the application and providing the necessary documents, the lender will verify your information. If approved, the money will be deposited into your checking account. The entire process can take as little as a few hours, allowing you to get the funds you need quickly.

Repayment

Repayment of a payday loan is due on your next payday. If you are unable to pay the full amount, some lenders offer the option to roll over the loan, extending the loan period and adding on additional fees and interest. It’s important to understand the terms of repayment before accepting a payday loan to avoid any unforeseen additional costs.

Interest and Fees

As mentioned earlier, payday loans are considered high-interest loans because of the higher APR. In addition to the APR, lenders can charge additional fees. Some common fees associated with payday loans include:

  • Origination fee – A fee added to the loan amount for processing
  • Late payment fee – A fee for late payment
  • Rollover fee – A fee for extending the loan period

It’s important to carefully read and understand the terms and fees associated with any loan before accepting it. Compare fees and interest rates from multiple lenders to ensure you are getting the best deal for your situation.

Interesting Facts and Statistics

  • The average payday loan in Texas is $470.
  • In Texas, the average APR for a payday loan is 662%.
  • In total, Texans pay $1.4 billion in fees and interest for payday loans each year.
  • 60% of payday loan borrowers in Texas refinance their loans, incurring additional fees and interest.

Source: Texas Tribune

Apply Now

Looking for a reliable lender for your payday loan needs in Summerfield, Texas? Look no further than TheGuaranteedLoans. Our easy-to-use platform connects you with potential lenders quickly and efficiently. Fill out our online application now and get on your way to getting the funds you need.

It’s important to note that TheGuaranteedLoans is a loan connecting service, not a direct lender. We simply facilitate your connection with potential lenders, and it’s up to you to decide which lender is best for your situation. We recommend comparing lenders and their terms before accepting any loan offers.

Conclusion

Payday loans can be a quick and easy solution to unexpected expenses or emergencies. However, they should be seriously considered before accepting any loan offer. Be sure to read and understand the terms and fees associated with any loan, and compare lenders to ensure you are getting the best deal for your situation. For your payday loan needs in Summerfield, Texas, trust TheGuaranteedLoans to connect you with potential lenders.

F.A.Q.

How do I compare payday loan options in Summerfield, Texas?

When comparing payday loan options in Summerfield, Texas, it is important to consider factors such as the interest rate, fees, repayment terms, and overall cost of the loan. It is also important to research the lender and read reviews from other customers before making a decision.

Can I file a complaint about a payday lender in Summerfield, Texas?

Yes, if you have a complaint about a payday lender in Summerfield, Texas, you can file a complaint with the Texas Office of Consumer Credit Commissioner. This office is responsible for regulating payday lenders and enforcing consumer protection laws.