Payday Loans in Detroit, Texas

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

Company nameAddressZip codePhone number
First Financial Bank 132 N Main St, Albany, TX 76430 +1 (325) 627 - 7953
Hidalgo County Loan 708 S Closner Blvd, Edinburg, TX 78539 +1 (956) 380 - 6000
Loanstar Title Loans 1023 N Loop 336 W, Conroe, TX 77301 +1 (936) 494 - 2540
Texas Car Title & Payday Loan Services, Inc. 6001 Watauga Rd, Watauga, TX 76148 +1 (817) 485 - 5800
First National Bank of Dublin 825 N Patrick St, Dublin, TX 76446 +1 (254) 445 - 4400
Credit Loans Sales & Rentals 717 W Davis St, Conroe, TX 77301 +1 (936) 756 - 5558
Worth Finance 900 S Wayside Dr 600, Houston, TX 77023 +1 (713) 923 - 3131
First National Bank In Cooper 11 West Side Square, Cooper, TX 75432 +1 (903) 395 - 2131
World Finance 2207 N Big Spring St, Midland, TX 79705 +1 (432) 570 - 0291
Cash America - Lacy Lakeview 4600 N Interstate 35 Frontage Rd, Lacy Lakeview, TX 76705 +1 (254) 799 - 2992

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Detroit, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Wichita Falls, TX, Payday Loans in Wylie, TX, Payday Loans in Abilene, TX, No Credit Check Loans in Allen, TX, Payday Loans in Amarillo, TX, Bad Credit Loans in Arlington, TX, Payday Loans in Austin, TX and Payday Loans in Baytown, 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 Detroit, TX.

Payday Loans Available in Detroit, TX By The Following ZIP Codes:

75436

Are Payday Loans Legal In Detroit, 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

Detroit, TX payday loan calculator

Payday Loans in Detroit, Texas: What You Need to Know

If you are looking for a quick and easy way to borrow money, you might consider a payday loan. These loans are designed to help people who need cash urgently and can’t wait until their next paycheck. However, before you get a payday loan in Detroit, Texas, it’s important to understand how these loans work and what the risks are.

How do payday loans work?

Payday loans are short-term loans that usually range from a few hundred dollars up to around $1,500. They are designed to provide you with quick access to cash, usually within a day or two. The application process is typically fast and straightforward, and you can often get approved even if you have poor credit.

When you apply for a payday loan, you’ll need to provide proof of employment and income, such as a recent pay stub. You will also need a valid ID and a checking account.

Once you are approved for a payday loan, the lender will give you the cash you need and will require you to sign a postdated check to cover the loan amount plus interest and fees. The lender will cash the check on your next payday, and if you can’t repay the loan at that time, you may be able to roll it over for an additional fee.

What are the risks of payday loans?

Payday loans can be risky, and it’s important to understand the potential drawbacks before you apply. The main risk is that payday loans usually come with very high interest rates and fees. For example, in Detroit, Texas, there is no limit on how much interest a lender can charge for a payday loan.

Another risk of payday loans is that they can lead to a cycle of debt. If you can’t repay the loan on time, the lender may offer to roll it over for an additional fee, which can make it even harder to pay off the loan. Over time, this can lead to a cycle of debt that can be difficult to escape.

In addition to high interest rates and fees and the risk of a debt cycle, payday loans can also damage your credit score if you don’t pay them back on time. This can make it harder to get approved for credit in the future.

Interesting facts and statistics about payday loans in Detroit, Texas

  • The average payday loan in Texas is for $465, and the average APR is 661%.
  • In Detroit, Texas, there are over 20 payday lenders operating in the city.
  • According to a report from the Texas Fair Lending Alliance, payday lenders in Texas made over $1.6 billion in fees in 2018.
  • In a survey of payday loan borrowers in Texas, 83% said they had to cut back on basic expenses such as food and clothing to pay back their loan.

Apply Now

If you need a payday loan in Detroit, Texas, TheGuaranteedLoans can help. We understand that unexpected expenses can arise, and we are here to help you find a lender who can provide you with the cash you need. Simply fill out our online application, and we will connect you with potential lenders who may be able to offer you a loan.

It’s important to remember that TheGuaranteedLoans is a connector service, not a direct lender. We don’t make lending decisions, and we don’t charge any fees for our service. Instead, we work with a network of trusted lenders who can offer you a payday loan that meets your needs and budget.

Conclusion

Payday loans can be a convenient way to get cash quickly, but they also come with risks. If you’re considering a payday loan in Detroit, Texas, make sure you understand how they work and what the potential drawbacks are. And if you decide to apply, make sure you work with a reputable lender and only borrow what you can afford to repay.

F.A.Q.

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

Yes, there are fees and charges associated with payday loans in Detroit, 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.

What happens if I cannot repay my payday loan in Detroit, Texas on time?

If you are unable to repay your payday loan in Detroit, Texas on time, you may be charged late payment fees and your loan may be subject to collection actions. You may also be charged additional interest on any unpaid balances. It is important to contact your lender as soon as possible if you are unable to make your scheduled loan payments, so that they can work with you to find a solution.