Payday Loans in Garwood, Texas

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

Company nameAddressZip codePhone number
ATM Transfund 2800 Alta Mere Dr, Fort Worth, TX 76116 +1 (800) 588 - 6816
Check n Go 10309 S Padre Island Dr, Corpus Christi, TX 78418 +1 (361) 937 - 2200
Regional Finance 2550 Broadway St, Pearland, TX 77581 +1 (281) 619 - 8419
First State Bank 6320 US-59, Shepherd, TX 77371 +1 (936) 628 - 3347
David George - Raymond James 10852 Osburn Rd, Pilot Point, TX 76258 +1 (940) 365 - 1954
Spirit of Texas Bank 539 Oak St, Palo Pinto, TX 76484 +1 (940) 659 - 3611
Advance America 12210 Montwood Dr 112, El Paso, TX 79928 +1 (915) 857 - 7895
Advance America 503-B W Henderson St, Cleburne, TX 76033 +1 (817) 202 - 8457
CIBC 333 Clay St 4510, Houston, TX 77002 +1 (713) 210 - 4100
Cashtoday 110 W University Ave, Georgetown, TX 78626 +1 (512) 863 - 2274

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Garwood, TX, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Schertz, TX, Payday Loans in Sherman, TX, Payday Loans in Socorro, TX, Payday Loans in Southlake, TX, Payday Loans in Spring, TX, Payday Loans in Sugar Land, TX, Emergency Loan in Temple, TX and Payday Loans in Texarkana, 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 Garwood, TX.

Are Payday Loans Legal In Garwood, 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

Garwood, TX payday loan calculator

Payday Loans in Garwood, Texas: A Comprehensive Guide

If you’re a resident of Garwood, Texas, and you’re in need of some quick cash to cover an emergency expense, a payday loan might be the solution you’re looking for. Payday loans are short-term loans that are typically due on your next payday. They are easy to obtain and can provide much-needed financial relief in times of unexpected expenses.

In this article, we’ll delve into everything you need to know about payday loans in Garwood, Texas.

How Do Payday Loans Work?

Payday loans are designed to provide quick cash to borrowers who have a steady income. The loan amount typically ranges from $100 to $1,500, depending on your income and credit history. The loan term is usually around two weeks, although it can be extended for an additional fee.

To apply for a payday loan in Garwood, Texas, you must meet certain eligibility criteria. You must be at least 18 years old, have a valid government-issued ID, and have a steady income. You may also need to provide proof of residency and a working phone number.

If you’re approved for a payday loan, the funds will be deposited into your checking account within one business day. On your next payday, the loan amount, along with fees and interest, will be automatically deducted from your account.

Are Payday Loans Legal in Texas?

Yes, payday loans are legal in Texas, although there are regulations in place to protect consumers. The Texas Office of Consumer Credit Commissioner (OCCC) oversees payday lenders in the state and enforces laws related to lending practices and fees.

One of the regulations in place is a cap on the amount of fees that payday lenders can charge. The fees cannot exceed 10% of the loan amount. For example, if you borrow $500, the fees cannot exceed $50. Additionally, the interest rate is capped at 6% for loans over $250.

The Pros and Cons of Payday Loans

Like any financial product, payday loans have their pros and cons. Here are some of the advantages and disadvantages of payday loans:

Pros:

– Quick and convenient access to cash
– Easy to qualify for
– Can be used for any purpose
– No collateral required

Cons:

– High fees and interest rates
– Short repayment terms
– Can lead to a cycle of debt if not used responsibly
– May not be available to those with poor credit history

Interesting Facts and Statistics

– In Texas, there are over 3,500 payday lending storefronts.
– The average payday loan in Texas is $470.
– Texas leads the nation in payday lending fees, with lenders collecting over $1.4 billion in fees in 2019 alone.
– According to a survey, 60% of payday loan borrowers in Texas reported using the funds to cover basic expenses like rent and utilities.

Apply Now

If you’re in need of a payday loan in Garwood, Texas, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we can help you find a lender that meets your financial needs.

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of lenders who can provide you with a loan that suits your needs. We encourage you to borrow responsibly and only take out a loan if you’re confident you can repay it on time.

In conclusion, payday loans can be a useful option for those who need quick access to cash in an emergency. It’s essential to understand the terms and fees associated with payday loans and only borrow what you can afford to repay. By doing so, you can take advantage of the benefits of payday loans while avoiding the pitfalls of debt.

F.A.Q.

What information do I need to provide when applying for a payday loan in Garwood, Texas?

When applying for a payday loan in Garwood, Texas, borrowers will typically need to provide proof of income, a valid government-issued ID, and proof of a checking account. Lenders may also require additional information, such as references or proof of residence.

How long does it take to receive the funds from a payday loan in Garwood, Texas?

If the borrower is approved for a payday loan in Garwood, Texas, the funds are typically deposited into their checking account within one business day. However, the exact timeline may vary depending on the lender and the borrower's individual circumstances.