Payday Loans in Woden, Texas

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

Company nameAddressZip codePhone number
Big Bend Title, LLC 212 Highland St, Marfa, TX 79843 +1 (432) 729 - 4299
Southwest Loan Processing 6370 Lyndon B Johnson Fwy 275, Dallas, TX 75240 +1 (214) 295 - 7277
Thrivent Financial-Lutherans 116 6th St, Shiner, TX 77984
check n go, Check n Go Store Directory 1000 Pasadena Blvd, Pasadena, TX 77506 +1 (713) 534 - 0004
First National Bank 305 N Smith Ave, Hebbronville, TX 78361 +1 (361) 527 - 3221
The First National Bank of Tom Bean 109 Britton St, Tom Bean, TX 75489 +1 (903) 546 - 6275
City Finance in Sherman www.cityfinancetx.com 215 N Travis St, Sherman, TX 75090 +1 (903) 893 - 9060
Texas Farm Bureau Insurance Company College Avenue, Snyder Shopping Center Dr 1903, Snyder, TX 79549 +1 (325) 573 - 9963
EZ Money 3420 Palmer Hwy D, Texas City, TX 77590 +1 (409) 948 - 2866
Mr Payroll 2610 W Washington St, Stephenville, TX 76401 +1 (254) 968 - 3545

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Woden, TX, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Galveston, TX, Payday Loans in Garland, TX, Payday Loans in Georgetown, TX, Payday Loans in Grand Prairie, TX, No Credit Check Loans in Grapevine, TX, 24-Hour Loan in Haltom City, TX, Payday Loans in Harlingen, TX and Emergency Loan in Houston, 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 Woden, TX.

Are Payday Loans Legal In Woden, 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

Woden, TX payday loan calculator

Understanding Payday Loans in Woden, Texas

Payday loans can provide temporary financial assistance in times of need. In the state of Texas, payday loans are legal, but there are certain regulations and restrictions in place to ensure that consumers are protected. In this article, we’ll delve into the specifics of payday loans in Woden, Texas, and what you need to know before applying.

How Payday Loans Work

Payday loans are small, short-term loans that are usually due on your next payday. You may be able to borrow up to $1,000 in some cases, but the amount you’re approved for will depend on your income and other factors. Payday loans are generally due two to four weeks after they’re taken out.

The application process for payday loans is usually quick and simple. You’ll need to provide proof of income, such as a pay stub, and a valid ID. Some lenders may also require a postdated check for the loan amount plus fees.

It’s important to note that payday loans typically come with high fees and interest rates. The Consumer Financial Protection Bureau (CFPB) states that the average APR for payday loans is around 400%. This means that if you were to take out a loan for $500 with a 400% APR, you would owe $575 after just two weeks.

Payday Loan Regulations in Texas

While payday loans are legal in Texas, there are some regulations in place to protect consumers. The state sets a maximum loan amount of $1,800 and caps fees at 10% of the loan amount. Additionally, Texas law requires lenders to disclose the terms of the loan, including the APR, repayment terms, and any fees.

It’s important to note that Texas does not have a maximum interest rate for payday loans. This means that lenders can charge any interest rate they choose, which can result in very high fees and APRs. As a consumer, it’s important to carefully consider how much you can afford to borrow and whether a payday loan is the best option for your situation.

Benefits and Risks of Payday Loans

Payday loans can provide temporary financial relief in times of need, but they come with several risks. The high fees and interest rates associated with payday loans can make it difficult to repay the loan on time, which can lead to further financial problems. Additionally, payday loans are often marketed to low-income consumers who may not fully understand the risks involved.

If you’re considering a payday loan in Woden, Texas, it’s important to carefully weigh the benefits and risks. Payday loans can provide quick cash, but they can also come with high costs and long-term financial consequences.

Apply Now with TheGuaranteedLoans

If you’ve decided that a payday loan is the best option for your situation, TheGuaranteedLoans can help. As a connector service, we work with a network of trusted lenders who can provide payday loans to consumers in Woden, Texas.

Our online application process is quick and easy. Simply fill out our online form with your personal information and we’ll connect you with potential lenders. If you’re approved for a loan, funds can usually be deposited into your bank account within one business day.

It’s important to note that TheGuaranteedLoans is not a direct lender. We do not make credit decisions or provide loans ourselves. Instead, we work with a network of lenders to help you find the best loan options for your needs.

Interesting Facts and Statistics About Payday Loans in Woden, Texas

  • As of 2021, there are 1,838 payday lenders operating in Texas, according to the Texas Office of Consumer Credit Commissioner.
  • The average loan amount for payday loans in Texas is $554, according to a report by the Texas Appleseed organization.
  • In 2020, the CFPB implemented a rule that would have required lenders to verify borrowers’ ability to repay loans, but the rule was later repealed by the Trump administration.

Conclusion

Payday loans can provide temporary financial assistance, but they come with high costs and long-term risks. If you’re considering a payday loan in Woden, Texas, it’s important to carefully weigh the benefits and risks and make an informed decision. TheGuaranteedLoans can help you find trusted lenders and navigate the payday loan process with ease.

F.A.Q.

What is the maximum amount I can borrow through a payday loan in Woden, Texas?

The maximum amount that can be borrowed through a payday loan in Woden, Texas is $1,000.

What is the interest rate on payday loans in Woden, Texas?

The interest rate on payday loans in Woden, Texas is determined by the lender. The maximum allowable interest rate is set by state law at 661% APR.