Payday Loans in Brandon, Texas

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

Company nameAddressZip codePhone number
Loanstar Title Loans 1611 New Boston Rd, Texarkana, TX 75501 +1 (903) 792 - 6963
First National Bank 100 US-69, Leonard, TX 75452 +1 (903) 587 - 3383
5Point Credit Union 2335 Texas Ave, Bridge City, TX 77611 +1 (800) 825 - 8829
Atlas Credit Co., Inc 9714 Potranco Rd 109, San Antonio, TX 78251 +1 (210) 255 - 3100
Extraco Banks College Station Lending Office 2205 Longmire Dr Suite C, College Station, TX 77845 +1 (979) 823 - 8810
BBVA Bank 900 S Margaret Ave, Kirbyville, TX 75956 +1 (409) 423 - 2211
Gunn Finance 2731 W Northwest Hwy 112, Dallas, TX 75220 +1 (214) 357 - 2550
Toledo Finance Corporation 112 Tenaha St, Center, TX 75935 +1 (936) 598 - 2739
Capital Farm Credit 151 S Munday Ave, Munday, TX 76371 +1 (940) 422 - 4323
West Texas National Bank 101 E Ave East, Alpine, TX 79830 +1 (432) 837 - 3375

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brandon, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Allen, TX, 24-Hour Loan in Amarillo, TX, No Credit Check Loans in Arlington, TX, Payday Loans in Austin, TX, Payday Loans in Baytown, TX, Payday Loans in Beaumont, TX, Payday Loans in Bedford, TX and Short-term Loans in Brownsville, 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 Brandon, TX.

Are Payday Loans Legal In Brandon, 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

Brandon, TX payday loan calculator

Payday Loans in Brandon, Texas

Payday loans are a type of short-term loan that can be used to cover unexpected expenses, such as car repairs, medical bills, or emergency home repairs. In Texas, payday loans are legal, and many residents of Brandon, Texas, use these types of loans to bridge the gap between paychecks.

What are Payday Loans?

Payday loans are small, short-term loans that are typically due on the borrower’s next payday. These loans are designed to provide quick access to cash, with the expectation that the loan will be repaid in full when the borrower receives their next paycheck.

Payday loans are typically easy to obtain, as lenders do not perform a credit check. Instead, lenders require proof of employment and a bank account. Borrowers may be required to provide additional documentation, such as a government-issued ID, to verify their identity.

How do Payday Loans Work in Brandon, Texas?

In Brandon, Texas, payday loans are regulated by the Texas Office of Consumer Credit Commissioner. The amount a borrower can receive is limited to 20% of their gross monthly income, and the loan must be repaid within 14 days to 180 days.

The interest rate for payday loans in Texas is not regulated, so lenders are free to charge whatever interest rate they choose. This can make payday loans expensive, particularly if the loan is not repaid on time. Borrowers should carefully read the terms of their loan agreement and ensure they can repay the loan on time to avoid additional fees and interest charges.

The Pros and Cons of Payday Loans in Brandon, Texas

Before deciding to take out a payday loan, it is essential to consider the advantages and disadvantages of these types of loans.

Pros of Payday Loans

  • Quick access to cash
  • No credit check required
  • Easy to obtain
  • Can help in emergencies

Cons of Payday Loans

  • High-interest rates and fees
  • Short repayment terms can lead to a cycle of debt
  • May lead to financial problems if not used responsibly

Interesting Facts and Statistics about Payday Loans in Brandon, Texas

Here are some interesting facts and statistics about payday loans in Brandon, Texas:

  • In Texas, the average payday loan is $500, and the average APR is 662%.
  • According to the Texas Office of Consumer Credit Commissioner, the payday loan industry in Texas has declined in recent years, with the number of loans issued dropping by 25% between 2012 and 2017.
  • In 2017, Texas borrowers paid over $1.4 billion in fees and interest charges on payday loans.

Apply Now

If you need a payday loan in Brandon, Texas, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is fast and easy, and we work with a network of lenders to help you find the loan that’s right for you. Please note that we are a connector service, not a direct lender. We do not make credit decisions and are not responsible for any lender’s actions or decisions. Please review the terms and conditions of any loan offer carefully before accepting it.

Conclusion

Payday loans can be a valuable tool for borrowers who need quick access to cash in an emergency. However, they can also be expensive, particularly if the loan is not repaid on time. Before taking out a payday loan in Brandon, Texas, be sure to consider the costs and terms carefully and ensure you can afford to repay the loan on time.

F.A.Q.

What are the fees and interest rates associated with payday loans in Brandon, Texas?

Payday loans in Brandon, Texas have a maximum APR of 661%. Lenders are also allowed to charge a loan origination fee of up to $10 per $100 borrowed, as well as a database verification fee of up to $2.50 per loan.

Can I rollover my payday loan in Brandon, Texas?

No, rollovers are not allowed for payday loans in Brandon, Texas. Borrowers who cannot repay their loan on the due date may be able to request an extended payment plan, but this is not guaranteed.