Payday Loans in Wellman, Texas

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

Company nameAddressZip codePhone number
TNG Financial Solutions 232 St Marys St, Centerville, TX 75833
Texan Credit Corporation 509 S Timberland Dr, Lufkin, TX 75901 +1 (936) 632 - 1728
Jackson Hewitt Tax Service 118 E Rice St, Falfurrias, TX 78355 +1 (361) 431 - 3954
Check 'n Go 2314 E Main St, Uvalde, TX 78801
Service Loan Company 1710 S Texas Ave, Bryan, TX 77802 +1 (979) 704 - 5252
Advance America 140 Southmore Ave, Pasadena, TX 77502 +1 (713) 589 - 1131
IBC Bank 301 W Sinton St, Sinton, TX 78387 +1 (361) 364 - 1230
USA Refi, Inc. 6620 Eastridge Dr, Dallas, TX 75231 +1 (972) 256 - 1141
Devolada Payday & Title Loans 2305 N Arkansas Ave, Laredo, TX 78043 +1 (956) 568 - 1884
Swift Cash 607 E Tyler St # 120, Athens, TX 75751

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Wellman, TX, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Midland, TX, Bad Credit Loans in Mission, TX, Payday Loan Companies in Missouri City, TX, Payday Loan for Nacogdoches, TX, Payday Loans in New Braunfels, TX, Short-term Loans in North Richland Hills, TX, Payday Loans in Odessa, TX and 24-Hour Loan in Pasadena, 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 Wellman, TX.

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

79378

Are Payday Loans Legal In Wellman, 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

Wellman, TX payday loan calculator

Payday Loans in Wellman, Texas: A Comprehensive Guide

If you live in Wellman, Texas and need cash fast, you might be considering a payday loan. Payday loans are a type of short-term loan that can help you bridge the gap between paychecks or cover unexpected expenses. In this guide, we’ll take a closer look at payday loans in Wellman, Texas, including the lending laws, process, and some of the risks associated with these loans.

Payday Loan Laws and Regulations in Wellman, Texas

Payday loans are legal in Texas, but there are some specific laws that regulate these loans. In Wellman, Texas, payday lenders must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC). Additionally, payday loans in Texas cannot exceed 20% of your gross monthly income. The loan term for payday loans in Texas is typically 14-31 days, and the maximum interest rate is 10% for loans greater than $100.

The Payday Loan Application Process in Wellman, Texas

To apply for a payday loan in Wellman, Texas, you’ll need to provide some personal and financial information to the lender. This can include your name, address, employment information, and bank account details. The lender will use this information to determine if you qualify for a loan and how much you can borrow.

If you’re approved for a payday loan, you’ll typically receive the funds within one business day. You can use the money for anything you need, but keep in mind that payday loans are meant to be short-term solutions. The goal is to repay the loan plus interest with your next paycheck.

The Risks of Payday Loans

While payday loans can be helpful in a pinch, they also come with some risks. The high-interest rates on these loans can make it difficult to repay them on time, which can lead to more debt and financial troubles. Additionally, some payday lenders may use aggressive or deceptive tactics to encourage borrowers to take out more loans than they can afford.

To reduce your risk when taking out a payday loan, make sure to read and understand the terms of the loan agreement. Don’t borrow more than you can afford to repay, and never borrow from a lender who is unlicensed or has a history of complaints.

Interesting facts and statistics about Payday Loans in Wellman, Texas

  • In 2019, there were 1,279 payday loan storefronts in Texas, according to the Center for Responsible Lending.
  • The average interest rate for a payday loan in Texas is 661%.
  • Average Payday Loan Borrower in Texas takes 10 loans per year.
  • In 2018, Texas residents took out more than 1.8 million payday loans, according to the Office of Consumer Credit Commissioner.

Apply Now

If you need a payday loan in Wellman, Texas, TheGuaranteedLoans can help match you with potential lenders. Our simple online application process makes it easy to get started. Keep in mind that TheGuaranteedLoans is not a direct lender. We’re a connector service that facilitates the connection between borrowers and lenders. We can help you find a lender who can meet your needs and offer competitive terms. Apply now and get the cash you need!

F.A.Q.

Are there any restrictions on how I can use the funds from a payday loan in Wellman, Texas?

No, borrowers are free to use the funds from a payday loan in Wellman, Texas for any purpose. However, it is important to remember that these loans should only be used for short-term financial emergencies and not for long-term financial planning.

What are the consequences of defaulting on a payday loan in Wellman, Texas?

If a borrower defaults on a payday loan in Wellman, Texas, the lender may pursue collection efforts, including contacting the borrower's employer, contacting third-party debt collectors, or taking the borrower to court. Defaulting on a payday loan can also have a negative impact on the borrower's credit score.