Payday Loans in Woodlake, Texas

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

Company nameAddressZip codePhone number
Lendmark Financial Services LLC 6141 East, TX-191 Suite 18C, Odessa, TX 79762 +1 (432) 362 - 3848
Guarantee Loan 2403 West Waco Dr A, Suite A, Waco, TX 76707 +1 (254) 753 - 5368
Regional Finance 2400 Veterans Blvd 10, Del Rio, TX 78840 +1 (830) 774 - 1703
Cliff's Check Cashing 2 215 E University Dr Suite 103, McKinney, TX 75069 +1 (972) 542 - 9505
Toledo Finance Corporation 204 N Main St, Taylor, TX 76574 +1 (512) 352 - 5100
Texas City Guarantee Loan Service 2027 10th Ave N, Texas City, TX 77590 +1 (409) 945 - 7888
Coleman County Title Company 108 W Live Oak St, Coleman, TX 76834 +1 (325) 625 - 4628
Cherokee County Federal CU 144 Henderson Ave, Rusk, TX 75785 +1 (903) 683 - 2527
Justice Finance 201 NE Wilshire Blvd ste b, Burleson, TX 76028 +1 (682) 747 - 5081
World Finance 2010 E End Blvd N Ste A, Marshall, TX 75670 +1 (903) 938 - 6758

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Woodlake, TX, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Mansfield, TX, Payday Loans in McAllen, TX, Payday Loans in McKinney, TX, Payday Loans in Mesquite, TX, Payday Loans in Midland, TX, Payday Loans in Mission, TX, 24-Hour Loan in Missouri City, TX and Payday Loan Without a Credit Check in Nacogdoches, 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 Woodlake, TX.

Are Payday Loans Legal In Woodlake, 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

Woodlake, TX payday loan calculator

Payday Loans in Woodlake, Texas: Everything You Need to Know

Payday loans are a popular form of short-term borrowing for people who find themselves in sudden or unexpected financial difficulties. And just like in many other states, payday loans in Woodlake, Texas, are legal. However, it is important for borrowers to be aware of the regulations, fees, and other factors associated with these loans before making a decision.

What Are Payday Loans?

Payday loans are small, short-term loans that are typically repaid on the borrower’s next payday. They are designed to provide temporary financial relief for situations such as unexpected bills, car repairs, or medical emergencies. These loans usually range from $100 to $1,000 and are often accompanied by high interest rates and fees.

Payday Loans in Woodlake, Texas: Legalities

Pursuant to the Texas Finance Code §393.223, payday loans in Texas are regulated by the Office of Consumer Credit Commissioner. Loans can be taken out for a period of up to 180 days and the maximum lending amount is $1,800. The interest rate for payday loans in Texas is capped at 10% and the administrative fee is limited to no more than $30.

Benefits of Payday Loans in Woodlake, Texas

  • Quick access to cash: Payday loans are often approved within 24-48 hours, making them a good option for those who need funds immediately.
  • No collateral needed: Unlike traditional loans, payday loans do not require any collateral to secure the loan.
  • No credit check required: Payday loans are typically based on the borrower’s income and employment status, not their credit score, making them more accessible for people with poor credit.
  • Federal and state laws protect borrowers: Payday loans in Texas are regulated by both federal and state laws, protecting borrowers from fraudulent lending practices.

Drawbacks of Payday Loans in Woodlake, Texas

  • High fees and interest rates: Payday loans in Texas are known to have high interest rates and fees, which can lead to a cycle of debt for borrowers.
  • Short repayment terms: Payday loans are designed to be repaid within a month or less, making it difficult for many borrowers to make ends meet.
  • Legal and financial consequences: Failure to repay a payday loan can result in the lender taking legal action, which can further damage the borrower’s credit score.

Interesting Facts and Statistics About Payday Loans in Woodlake, Texas

  • As of 2019, there were over 2,000 payday loan storefronts operating in Texas.
  • In 2018, Texans took out over 2.5 million payday loans totaling over $1.5 billion.
  • The average payday loan taken out in Texas in 2018 was $575.
  • People between the ages of 25-44 are the most likely to take out payday loans in Texas.

Apply Now with TheGuaranteedLoans

If you are considering taking out a payday loan in Woodlake, Texas, TheGuaranteedLoans offers a simple and streamlined application process that can help connect you with a potential lender. We are a connector service that works with trusted lending partners to help you find the best loan options available.

Our online application process is quick and easy, and you can receive a decision within minutes. If approved, funds can be deposited into your bank account the next business day. Remember, we are not a direct lender – we simply facilitate your connection with potential lenders.

Apply now and take the first step towards getting the financial relief you need.

F.A.Q.

What happens if I am unable to repay my payday loan in Woodlake, Texas?

If you are unable to repay your payday loan in Woodlake, Texas, the lender may attempt to collect the debt through various means, including phone calls, letters, and legal action. If the debt is not repaid, it may be sold to a collection agency, which could negatively impact your credit score.

Are there any protections for consumers who take out payday loans in Woodlake, Texas?

Yes, Texas has several consumer protections in place for individuals who take out payday loans. These include a maximum allowable interest rate, a cooling-off period after a certain number of loans, and a requirement for lenders to provide clear and concise information about the terms and conditions of the loan.