Payday Loans in Tokio, Texas

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

Company nameAddressZip codePhone number
Heritage Land Bank - Palestine Branch 2209 South, TX-256 Loop Suite 200, Palestine, TX 75801 +1 (903) 729 - 4667
Walmart Money Center 2614 N Swenson St, Stamford, TX 79553
IBC Bank 108 E, TX-495, San Juan, TX 78589 +1 (956) 630 - 9320
Banner Finance of Rosenberg 4705 Avenue H B, Rosenberg, TX 77471 +1 (281) 342 - 8859
Hermanos Loan Co 2121 N Main St d, Houston, TX 77009 +1 (713) 226 - 8463
E & E Loans 338 N Monroe St, Eagle Pass, TX 78852 +1 (830) 773 - 1905
First National Bank of Evant 115 N Memory Ln, Evant, TX 76525 +1 (254) 471 - 5531
Investor Loan Services 551 N Oscar Williams Rd, San Benito, TX 78586 +1 (956) 399 - 1199
Toledo Finance Corporation 222 S Missouri Ave, Weslaco, TX 78596 +1 (956) 447 - 4293
Toledo Finance 124 Dixie Dr, Clute, TX 77531 +1 (979) 265 - 0500

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Tokio, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Odessa, TX, Payday Loans in Pasadena, TX, Payday Loans in Pearland, TX, Payday Loans in Pflugerville, TX, Short-term Loans in Pharr, TX, Online Loans in Plano, TX, Payday Loans in Port Arthur, TX and Guaranteed Loans in Richardson, 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 Tokio, TX.

Are Payday Loans Legal In Tokio, 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

Tokio, TX payday loan calculator

Payday Loans in Tokio, Texas: Everything You Need to Know

If you are living in Tokio, Texas, and are in need of some quick cash, you may have considered applying for a payday loan. Payday loans, also known as cash advances or paycheck advances, are a popular option for those who need immediate financial assistance.

How do Payday Loans Work?

Payday loans are short-term loans that typically range from $100 to $1500, depending on your state’s regulations. These loans are meant to be paid back within two to four weeks, or by your next paycheck.

To apply for a payday loan, you typically need to provide proof of employment and income, as well as a valid government-issued ID. If you are approved for a loan, you can receive the funds in as little as one business day, either in the form of a check or direct deposit into your bank account.

Are Payday Loans Legal in Tokio, Texas?

Yes, payday loans are legal in Texas, including in Tokio. However, Texas has some of the strictest regulations on payday lenders in the country.

In Texas, payday lenders are required to be licensed and registered with the state. They also must prominently display the terms and conditions of the loan, including all fees and interest rates. The maximum loan amount is $1,000, and the maximum finance charge is 10% of the loan amount.

Pros and Cons of Payday Loans

Before deciding to take out a payday loan, it’s important to consider the pros and cons.

Pros:

  • Quick access to cash
  • No credit check required
  • Easy application process
  • Can help cover unexpected expenses

Cons:

  • High interest rates and fees
  • Can lead to a cycle of debt if not paid back on time
  • Many lenders have predatory practices and target vulnerable individuals

Ultimately, whether or not a payday loan is a good option for you depends on your individual financial situation and needs. If you do decide to take out a payday loan, be sure to read the terms and conditions carefully and only borrow what you can afford to repay.

Interesting Facts and Statistics about Payday Loans in Tokio, Texas

  • In 2019, Texans took out more than 2 million payday loans, totaling over $2.5 billion.
  • The average payday loan in Texas is $470.
  • Over 75% of payday loans in Texas are taken out by borrowers who are renewing or rolling over an existing loan.

Apply Now

If you are considering a payday loan in Tokio, Texas, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we work with a network of trusted lenders who are committed to responsible lending practices.

It’s important to note that TheGuaranteedLoans is a connector service, not a direct lender. This means that we do not provide loans directly to borrowers, but instead facilitate the connection between borrowers and potential lenders.

To get started, simply fill out our online application form and submit it for review. If you are matched with a lender, you will be provided with the loan terms and conditions, including all fees and interest rates. If you agree to the terms, you can receive the funds as soon as the next business day.

Conclusion

Payday loans can be a useful tool for those who need immediate financial assistance, but it’s important to approach them with caution and fully understand the terms and conditions before borrowing. By taking the time to research your options and only borrowing what you can afford to repay, you can make an informed and responsible decision about your finances.

F.A.Q.

Are there any restrictions on the number of payday loans I can take out in Tokio, Texas?

Yes, Texas law limits the number of payday loans that an individual can take out at one time. The maximum number of payday loans that can be outstanding at any given time is three.

Can I roll over my payday loan in Tokio, 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.