Payday Loans in Valley Spring, Texas

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

Company nameAddressZip codePhone number
Woodforest National Bank 2121 US-79, Henderson, TX 75652 +1 (903) 655 - 2293
The Community Bank 507 US HWY 380, Bridgeport, TX 76426 +1 (940) 683 - 4191
CashMax Title & Loan 1706 TX-16, Graham, TX 76450
Mega Cash Title & Payday Loans 212 S Esplanade St, Cuero, TX 77954
Western Finance 2003 N Mays St STE 101, Round Rock, TX 78664 +1 (512) 238 - 1006
City Bank 304 1st St, Idalou, TX 79329 +1 (806) 892 - 9000
Extraco Banks Waco: H-E-B 1821 S Valley Mills Dr, Waco, TX 76711 +1 (254) 761 - 2000
Reliable Finance Co 223 N Nixon Ave, Nixon, TX 78140
NBF Finance Co 1795 US-79, Henderson, TX 75654 +1 (903) 657 - 6628
ATM Transfund 2800 Alta Mere Dr, Fort Worth, TX 76116 +1 (800) 588 - 6816

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Valley Spring, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Weslaco, TX, Payday Loans in Wichita Falls, TX, Payday Loan Without a Credit Check in Wylie, TX, Payday Loans in Abilene, TX, Short-term Loans in Allen, TX, Short-term Loans in Amarillo, TX, Payday Loans in Arlington, TX and Payday Loans in Austin, 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 Valley Spring, TX.

Are Payday Loans Legal In Valley Spring, 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

Valley Spring, TX payday loan calculator

The Ins and Outs of Payday Loans in Valley Spring, Texas

Payday loans can be a valuable financial tool for those who need quick cash. However, they can also be a risky financial decision if not used responsibly. Understanding the laws and regulations surrounding payday loans in Valley Spring, Texas, is crucial in making an informed decision about borrowing money. Here’s what you need to know about payday loans in Valley Spring, Texas.

What Are Payday Loans?

Payday loans are a type of short-term loan that allows borrowers to get cash quickly. In exchange for the loan, the borrower agrees to pay the lender back, typically on their next payday. The loan amount is usually smaller, ranging from a few hundred to a few thousand dollars.

To qualify for payday loans in Texas, you must be 18 years old and have a steady income source. The lender will also require proof of income, such as a paycheck stub or a bank statement. Additionally, you’ll need to provide a valid ID and meet the lender’s credit requirements.

Are Payday Loans Legal in Texas?

In Texas, payday loans are legal and regulated under the Texas Finance Code, which sets out specific rules and regulations for lenders and borrowers. Some of the key provisions of the Texas Finance Code include:

  • The maximum amount you can borrow is $1,800.
  • The maximum term for a loan is 180 days.
  • Lenders must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC).
  • Lenders must provide borrowers with clear and concise loan terms and conditions.

The Pros and Cons of Payday Loans

Payday loans can be a good option for those who need cash quickly and have few other options. Here are some of the pros and cons of payday loans:

Pros:

  • Quick cash: Payday loans are designed to provide fast access to cash when you need it.
  • No collateral: Unlike other types of loans, payday loans don’t require collateral such as a home or car.
  • No credit check: Most payday lenders don’t require a credit check, which can be helpful for those with poor credit.

Cons:

  • High-interest rates: Payday loans often come with very high interest rates, which can make them expensive in the long run.
  • Short repayment terms: Payday loans usually need to be repaid within a few weeks, which can be difficult for those who are already struggling financially.
  • Risk of debt: If you’re not able to repay the loan on time, you may be subject to additional fees and charges, which can quickly add up and result in a cycle of debt.

Interesting Facts About Payday Loans in Valley Spring, Texas

  • As of 2021, there are over 3,500 payday lending locations in Texas.
  • In 2018, Texans borrowed over $8 billion in payday loans.
  • The average payday loan in Texas is $500.

Apply Now to Connect with Potential Lenders

If you’re considering a payday loan in Valley Spring, Texas, TheGuaranteedLoans can help. As a connector service, we work with a network of trusted lenders to help you find the right loan for your needs. Simply fill out our online application and we’ll connect you with potential lenders who can provide you with the cash you need. Remember, payday loans should be used responsibly and only as a last resort.

Disclaimer: TheGuaranteedLoans is not a direct lender and does not make lending decisions. We are a connector service that matches borrowers with potential lenders.

F.A.Q.

Are payday loans legal in Valley Spring, Texas?

Yes, payday loans are legal in Valley Spring, Texas. The Texas Office of Consumer Credit Commissioner regulates the payday lending industry in the state.

How much can I borrow with a payday loan in Valley Spring, Texas?

The maximum amount that can be borrowed with a payday loan in Valley Spring, Texas is $500. However, lenders may not lend more than 20% of the borrower's gross monthly income or 25% of their net income.