Payday Loans in Belmont, Texas

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

Company nameAddressZip codePhone number
First National Bank of Jasper 2873 U.S. Hwy 190, Woodville, TX 75979 +1 (409) 283 - 8231
terms of use mypaydayloans.com 1302 Waugh Dr, Houston, TX 77019 +1 (800) 279 - 8974
Midwest Finance Corporation 307 E Broadway Ave, Sweetwater, TX 79556 +1 (325) 235 - 5097
Dilley State Bank 731 W Leona St, Dilley, TX 78017 +1 (830) 965 - 1511
Capitol Loans 2511 Paramount Blvd C-1, Amarillo, TX 79109 +1 (806) 353 - 1489
Lone Star State Bank 301 W Main St, Brownfield, TX 79316 +1 (806) 637 - 2531
Texaco Big Lake 1105 E 2nd St, Big Lake, TX 76932 +1 (325) 884 - 3453
Fairway Independent Mortgage Corporation 210 S Bois D Arc St, Forney, TX 75126 +1 (972) 278 - 3400
Worth Finance 900 S Wayside Dr 600, Houston, TX 77023 +1 (713) 923 - 3131
Regional Finance 3301 E Rancier Ave Suite 103G, Killeen, TX 76543 +1 (254) 669 - 6137

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Belmont, TX, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Deer Park, TX, Payday Loans in Del Rio, TX, No Credit Check Loans in Denton, TX, Payday Loans in DeSoto, TX, Payday Loans in Duncanville, TX, Payday Loan Without a Credit Check in Edinburg, TX, Payday Loan Companies in El Paso, TX and Payday Loans in Euless, 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 Belmont, TX.

Are Payday Loans Legal In Belmont, 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

Belmont, TX payday loan calculator

The Ins and Outs of Payday Loans in Belmont, Texas

At TheGuaranteedLoans, we understand that financial emergencies happen, and sometimes, you need cash fast. For those situations, a payday loan can be a short-term solution to help you get through a tough time. In the state of Texas, payday loans are legal, but it’s important to understand the fees and regulations to ensure that you make an informed decision.

What are Payday Loans?

Payday loans are a type of short-term loan, typically for 14 days or less. They are designed to help you bridge the gap until your next paycheck. Generally, payday loans are smaller loans ranging from a few hundred dollars to $1,000. These loans are unsecured, meaning you don’t need collateral to access them.

To qualify for a payday loan, you will need to have a valid ID, proof of income, and an active checking account. Some lenders may have additional requirements, such as a minimum credit score or age.

How Do Payday Loans Work in Texas?

Payday loans in Texas are regulated by the Texas Office of Consumer Credit Commissioner. The legal term of a payday loan in Texas is 31 days. The maximum amount you can borrow is calculated based on your monthly income, and the interest rate is capped at 10%. For example, if you earn $1,000 per month, you may be able to borrow up to $1,000.

If you’re unable to repay your loan in full at the end of the term, you may have the option to roll over the loan. Rolling over a loan means extending the due date, but it comes with additional fees and interest. It’s important to understand the terms and fees associated with rolling over a loan, as it can quickly become expensive.

Benefits of Payday Loans

The primary benefit of a payday loan is the ability to access cash quickly in an emergency. Traditional loans and credit lines can take days or weeks to process, and you may not have that time when you’re facing an urgent situation.

Payday loans also don’t require collateral, so you don’t need to put your assets at risk. The application process is typically quick and straightforward, with minimal documentation required. As long as you have a steady income and an active checking account, you may be eligible for a payday loan.

Drawbacks of Payday Loans

While payday loans can be a helpful resource in certain situations, they do come with some drawbacks. First and foremost, payday loans often have high interest rates and fees. These fees can quickly add up and make the loan much more expensive than other borrowing options.

Rolling over a payday loan can also become a cycle of debt. If you’re unable to repay the loan in full, the lender may offer to roll it over to the next term, but with additional fees and interest. This cycle can continue, making it difficult to escape the debt trap.

Interesting Facts and Statistics about Payday Loans in Belmont, Texas

  • According to a study by the Consumer Financial Protection Bureau, the average payday loan amount is $350.
  • There are more than 3,200 payday lender storefronts in Texas, making it one of the most accessible states for payday loans.
  • A quarter of Texas payday loan borrowers are unable to repay their loan in full at the end of the term, leading to rollovers and additional fees.

Apply Now

If you’re in need of a payday loan, TheGuaranteedLoans can help connect you with a lender. Our online application process is quick and easy, and you can get a decision in minutes. Remember, we are a connector service, not a direct lender, and we work with a network of reputable lenders to help you find the right loan for your needs. Apply now to get started.

At TheGuaranteedLoans, we understand that payday loans can be a helpful resource in certain situations. However, it’s important to understand the fees and regulations to make an informed decision. We hope this article has provided valuable information to help you navigate the world of payday loans in Belmont, Texas.

F.A.Q.

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

You are free to use the funds from a payday loan in Belmont, Texas for any purpose, as long as it is legal. However, most payday loans are used to cover unexpected expenses or to bridge a financial gap until the borrower's next payday.

Are there any fees or charges associated with payday loans in Belmont, Texas?

Yes, there are fees and charges associated with payday loans in Belmont, Texas. These may include application fees, origination fees, interest charges, and late payment fees. It is important to carefully review the terms and conditions of your payday loan to understand all of the fees and charges you may be responsible for.