Payday Loans in Clayton, Texas

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

Company nameAddressZip codePhone number
Cash Store 1553 Farm to Market 685 Ste 200, Pflugerville, TX 78660 +1 (512) 251 - 0118
Texas Car Title & Payday Loan Services Inc 618 W Corsicana St, Athens, TX 75751 +1 (903) 675 - 5844
Excel Finance 616 W Calton Rd 7, Laredo, TX 78041 +1 (956) 724 - 3471
Cash Store 13249 Montfort Dr, Dallas, TX 75240 +1 (972) 934 - 1682
First Cash Pawn 130 W Camp Wisdom Rd A, Duncanville, TX 75116 +1 (972) 298 - 8321
Samco Finance 3128 N 1st St, Abilene, TX 79603 +1 (325) 232 - 7827
State National Bank 801 N 4th St, Lamesa, TX 79331 +1 (806) 872 - 8808
BancorpSouth Bank 1115A Main St, Buda, TX 78610 +1 (512) 312 - 5600
Central Finance Co 2701 Morgan Ave 300, Corpus Christi, TX 78405 +1 (361) 884 - 0377
AMC America's Mortgage Co 1880 S Dairy Ashford Rd, Houston, TX 77077 +1 (713) 771 - 1000

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Clayton, 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

Clayton, TX payday loan calculator

Understanding Payday Loans in Clayton, Texas

Payday loans are a popular financial solution that people resort to when they are in dire need of quick cash. If you live in Clayton, Texas, and are considering a payday loan, it’s essential that you understand the regulations and guidelines that govern these loans.

How Payday Loans Work

A payday loan is a type of short-term loan given to borrowers to cover immediate expenses or financial emergencies. The borrower is expected to pay back the loan on their next payday, usually within two weeks or a month. These loans are typically unsecured loans, meaning that they don’t require collateral, but they come with high-interest rates.

In Clayton, Texas, payday loans are legal and regulated under the state law. This means that licensed lenders are allowed to provide borrowers with payday loans and charge certain fees and interest for their services.

Regulations for Payday Loans in Clayton, Texas

It’s essential to understand the regulations governing payday loans in Clayton, Texas, before deciding to take out a loan. Here are some of the essential regulations:

  • Maximum loan amount: In Texas, borrowers can take out payday loans up to $1,800.
  • Maximum loan term: The loan term should not exceed 180 days for installment loans and 31 days for payday loans.
  • Maximum finance rate: For loans under $100, the maximum finance rate is $10 per $100 borrowed. For loans between $100 and $400, the maximum finance rate is $20 per $100 borrowed. For loans above $400, the maximum finance rate is $30 per $100 borrowed.
  • Maximum fees: The maximum administrative fee is $30.
  • Loan renewals: Loans can be renewed up to three times, but the borrower must pay off the loan fee and a portion of the principal with each renewal.

Interesting Facts and Statistics

  • In 2020, Texans borrowed around $8.2 billion in payday loans.
  • The average payday loan borrower takes out 10 payday loans a year, spending around $520 on fees alone.
  • In 2016, the number of payday loan storefronts in Texas was 3,240, which is more than the number of McDonald’s restaurants in the state.

How to Apply for a Payday Loan with TheGuaranteedLoans

If you live in Clayton, Texas, and need a payday loan, you can consider applying for one through TheGuaranteedLoans website. We are not direct lenders, but we connect borrowers with potential lenders who can offer them the services they need.

To apply for a payday loan through TheGuaranteedLoans, you need to:

  • Visit our website and fill out an online application form.
  • Provide us with all the necessary information and documents required by the lender.
  • We’ll match you with a lender who qualifies for your financial situation and provide you with their terms and conditions.
  • You can review the terms and conditions and decide if the lender’s offer is suitable for you.
  • If you accept the offer, the lender will provide you with the funds you need, usually within a day or two.

In conclusion, payday loans can be a helpful financial solution for people who need quick cash to cover their immediate expenses. If you live in Clayton, Texas, and are considering a payday loan, it’s essential to understand the regulations surrounding these loans to avoid getting trapped in a cycle of debt. Additionally, if you need a payday loan, you can consider applying through TheGuaranteedLoans to find a potential lender who can offer you the services you need.

Apply now on TheGuaranteedLoans website and get connected with a potential lender today!

F.A.Q.

Can I extend my payday loan in Clayton, Texas?

Yes, you may be able to extend your payday loan in Clayton, Texas if you are unable to repay it on time. This is commonly known as rolling over the loan, and it may involve additional fees and charges. It is important to carefully consider the potential consequences of extending your payday loan before deciding to do so.

Are payday loans in Clayton, Texas regulated by the state government?

Yes, payday loans in Clayton, Texas are regulated by the state government. This includes restrictions on the maximum amount you can borrow, the maximum loan term, and the fees and charges that lenders are allowed to charge.