Payday Loans in Welch, Texas

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

Company nameAddressZip codePhone number
Valley Federal Credit Union - Willacy Service Center 700 FM 3168 7, Raymondville, TX 78580 +1 (956) 689 - 9100
World Finance 1708 Bethel Rd, Weatherford, TX 76086 +1 (817) 599 - 0777
Pinnacle Bank 316 NW Pkwy St, Azle, TX 76020 +1 (817) 444 - 2504
BTH Bank 606 W Panola St, Carthage, TX 75633 +1 (903) 693 - 2265
World Finance 308 N 25 Mile Ave, Hereford, TX 79045 +1 (806) 363 - 1468
EZ Money 1108 E Rio Grande St, Victoria, TX 77901 +1 (361) 574 - 9011
ACE Cash Express 5115 W Wadley Ave UNIT C, Midland, TX 79707 +1 (432) 689 - 3531
Cash 4 U 1535 Texas Blvd N, Weslaco, TX 78596 +1 (956) 320 - 7186
Check n Go 2112 Harwood Rd, Bedford, TX 76021 +1 (817) 685 - 7970
Zavala County Bank 2300 US-83, Crystal City, TX 78839 +1 (830) 374 - 5866

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Welch, TX, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Grapevine, TX, Payday Loan Without a Credit Check in Haltom City, TX, Payday Loans in Harlingen, TX, Payday Loan Companies in Houston, TX, Payday Loan Without a Credit Check in Huntsville, TX, No Credit Check Loans in Hurst, TX, Payday Loans in Irving, TX and Payday Loans in Keller, 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 Welch, TX.

Payday Loans Available in Welch, TX By The Following ZIP Codes:

79377

Are Payday Loans Legal In Welch, 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

Welch, TX payday loan calculator

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

Payday loans are a type of short-term loan that can be useful for those who are in urgent need of cash. These types of loans are typically taken out for small amounts, ranging from $100 up to $1,500. If you’re looking for a payday loan in Welch, Texas, it’s important to know the facts.

How Do Payday Loans Work?

Payday loans are meant to be a temporary fix for those who need some extra cash to cover their expenses until their next paycheck. When you apply for a payday loan, you’ll be asked to provide proof of income and banking information to the lender.

If you’re approved for the loan, the lender will typically deposit the funds directly into your bank account within 24 hours. On your next payday, the lender will withdraw the loan amount plus fees from your bank account. If you’re unable to pay the loan back on your next payday, you may have the option to renew the loan, though this will likely come with additional fees.

Payday Loan Regulations in Texas

While payday loans are legal in Texas, there are regulations in place to protect consumers from predatory lending practices. In Texas, payday lenders are required to be registered with the state and are subject to maximum loan amounts and fees.

According to the Texas Office of Consumer Credit Commissioner, the maximum amount a lender can offer for a payday loan is $1,500. Additionally, the fees on these loans cannot exceed 10% of the loan amount. This means that if you take out a $500 payday loan, the maximum fee you can be charged is $50.

It’s important to note that lenders in Texas are not allowed to charge interest on payday loans. Instead, they charge fees. This means that the APR, or annual percentage rate, on a payday loan can be much higher than other types of loans, sometimes reaching upwards of 500%.

Benefits and Risks of Payday Loans

There are some benefits and risks to consider when taking out a payday loan. One of the benefits of these loans is that they are often available to those with poor credit or no credit history. Additionally, they can be a fast and easy way to get cash when you need it.

However, payday loans can also be expensive and can lead to a cycle of debt. Since the fees on these loans can be high, it can be difficult to pay them back and still have enough money to cover your other expenses. This can lead to a situation where you’re repeatedly renewing the loan and paying more in fees each time.

Interesting Facts and Statistics About Payday Loans in Welch, Texas

  • As of 2021, there were 2,143 registered payday lenders in Texas.
  • Payday lenders in Texas collected $1.24 billion in fees in 2019.
  • The average APR on a payday loan in Texas is 662%.

Apply Now

If you’re in need of a payday loan in Welch, Texas, TheGuaranteedLoans can help. We’re a connector service that can connect you with potential lenders in your area. Simply fill out our online application form, and we’ll match you with lenders who may be able to offer you a loan.

It’s important to note that we are not a direct lender. We do not make lending decisions or determine loan terms. Instead, we facilitate the connection between borrowers and lenders. Before accepting a loan offer, be sure to read over the terms and conditions carefully and make sure you understand the fees involved.

At TheGuaranteedLoans, we’re committed to helping our customers make informed decisions about their finances. If you have any questions about payday loans or need help applying for a loan, please don’t hesitate to contact us.

F.A.Q.

Are payday loans legal in Welch, Texas?

Yes, payday loans are legal in Welch, 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 Welch, Texas?

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