Payday Loans in Westbrook, Texas

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

Company nameAddressZip codePhone number
Design Mortgage Group 7511 Farm to Market Rd 1488, Magnolia, TX 77354 +1 (936) 521 - 2000
Western Finance 1802 US-83, Zapata, TX 78076 +1 (956) 765 - 5661
World Finance 309 N 10th St Ste 102, Killeen, TX 76541 +1 (254) 628 - 1411
Security Credit Loan Co 317 E Commerce St, Mexia, TX 76667 +1 (254) 472 - 4466
Mills County Abstract & Title 1014 Fisher St, Goldthwaite, TX 76844 +1 (325) 648 - 2293
Texasgulf Federal Credit Union 1313 West Loop, El Campo, TX 77437 +1 (979) 578 - 9000
Goldstar Finance 314 N Main St, Taylor, TX 76574 +1 (512) 352 - 5476
Jackson Hewitt Tax Service 701 W Cameron Ave, Rockdale, TX 76567 +1 (866) 259 - 1040
Texas Car Title & Payday Loan Services, Inc. 1902 US-281, Marble Falls, TX 78654 +1 (830) 693 - 0638
Zapata County Title & Abstract 902 US-83, Zapata, TX 78076 +1 (956) 765 - 4444

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Westbrook, TX, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Duncanville, TX, Payday Loans in Edinburg, TX, Payday Loans in El Paso, TX, Payday Loans in Euless, TX, Bad Credit Loans in Farmers Branch, TX, Guaranteed Loans in Flower Mound, TX, Payday Loans in Fort Worth, TX and Payday Loans in Friendswood, 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 Westbrook, TX.

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

79565

Are Payday Loans Legal In Westbrook, 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

Westbrook, TX payday loan calculator

Payday Loans in Westbrook, Texas: An Overview

Are you in a financial bind in Westbrook, Texas? Do you need to cover unexpected bills or make ends meet before your next paycheck arrives? If so, you may want to consider a payday loan.

Payday loans are small-dollar, short-term loans designed to provide fast cash to help cover immediate expenses. They are typically due by a borrower’s next payday, hence the name “payday” loans.

While payday loans can be a helpful financial tool in certain circumstances, it’s crucial to understand the risks and costs associated with them. Here’s what you need to know:

Payday Loans in Texas: Legal Status

First and foremost, it’s important to know that payday loans are legal in Texas. The state regulates payday loans through the Texas Finance Code, which imposes limits on loan amounts and fees.

According to the Texas Office of Consumer Credit Commissioner, the maximum loan amount for a payday loan in Texas is $1,800. The maximum fee a lender can charge is 10% of the loan amount.

It’s worth noting that while payday loans are legal in Texas, they are heavily regulated to protect consumers. Lenders must be licensed and adhere to strict lending guidelines set by the state.

The Pros and Cons of Payday Loans

Like all financial products, payday loans have both advantages and disadvantages. Here’s a breakdown:

Pros

  • Quick and easy approval process
  • No credit check required (approval based on income and other factors)
  • Funds can be disbursed as soon as the same day or within 24 hours

Cons

  • High interest rates and fees
  • Short repayment terms (typically due by your next payday)
  • Potential for debt traps if borrowers take out multiple loans and struggle to repay them on time

Important Considerations When Taking Out a Payday Loan

Before you decide to take out a payday loan in Westbrook, Texas, it’s crucial to consider the following:

  • Only borrow what you can afford to repay
  • Shop around for the best rates and terms
  • Read and understand the loan agreement before signing
  • Make repayments on time to avoid additional fees and charges
  • Avoid taking out multiple loans if possible

Statistics on Payday Loans in Westbrook, Texas

According to data from the Texas Office of Consumer Credit Commissioner, the average payday loan in Texas in 2019 was for $462 and carried a 664% APR. In Westbrook specifically, the average loan amount and APR were $516 and 672%, respectively.

Additionally, in 2019, Texans took out over 1.8 million payday loans, collectively borrowing over $8 billion. This highlights the widespread use of payday loans in the state, but also the potential for borrowers to get stuck in debt cycles.

Apply Now

If you’re considering a payday loan in Westbrook, Texas, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application and we’ll provide you with a list of lenders who may be able to provide you with a loan. Remember, we are a connector service, not a direct lender, so be sure to carefully review any loan offers before accepting.

Don’t let unexpected expenses derail your financial stability. Consider a payday loan in Westbrook, Texas, but remember to borrow responsibly and understand the risks and costs involved.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Westbrook, Texas?

Yes, if you default on a payday loan in Westbrook, Texas, the lender may take legal action against you to collect the debt. This could include filing a lawsuit or obtaining a court order to garnish your wages. It is important to communicate with your lender and seek legal advice if you are unable to make your loan repayment.

Are there any alternatives to payday loans in Westbrook, Texas?

Yes, there are several alternatives to payday loans in Westbrook, Texas, such as small consumer loans, credit union loans, and installment loans. These options may have lower interest rates and more flexible repayment terms, but it is important to compare the terms and conditions of each option before deciding on a lender.