Payday Loans in Iola, Texas

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

Company nameAddressZip codePhone number
Texas Finance 206 S Mesa St, El Paso, TX 79901 +1 (915) 533 - 5483
EASY SOLUTIONS for Credit Repair Mortgage Builder Insurance 1100 North Expy A-2, Brownsville, TX 78521 +1 (866) 832 - 3542
Texaco Big Lake 1105 E 2nd St, Big Lake, TX 76932 +1 (325) 884 - 3453
Legend Bank Bonham Convenience Center 2232 N Center St, Bonham, TX 75418 +1 (903) 583 - 2163
Kress National Bank Highway 87 & 4TH St, W 4th St, Kress, TX 79052 +1 (806) 684 - 2231
Farmers State Bank 722 Broadway Ave, Newcastle, TX 76372 +1 (940) 846 - 3556
Lendmark Financial Services LLC 621 SW Johnson Ave Suite B, Burleson, TX 76028 +1 (817) 295 - 3197
Cash Store 902 W Montgomery St c, Willis, TX 77378
ACE Cash Express 2513 Richmond Rd, Texarkana, TX 75503 +1 (903) 223 - 0061
Loan Defenders 14405 Walters Rd, Houston, TX 77014 +1 (281) 781 - 8820

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Iola, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Baytown, TX, 24-Hour Loan in Beaumont, TX, Emergency Loan in Bedford, TX, Bad Credit Loans in Brownsville, TX, Payday Loans in Bryan, TX, Guaranteed Loans in Burleson, TX, No Credit Check Loans in Carrollton, TX and Payday Loans in Cedar Hill, 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 Iola, TX.

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

77861

Are Payday Loans Legal In Iola, 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

Iola, TX payday loan calculator

Payday Loans in Iola, Texas: Everything You Need to Know

Payday loans have become a popular option for people who need a quick source of cash. If you’re in Iola, Texas, you may be wondering whether payday loans are legal and how they work. In this article, we’ll answer these questions and provide you with all the information you need before taking out a payday loan in Iola.

What Are Payday Loans?

Payday loans are a type of short-term loan that typically have a repayment period of two weeks or less. These loans are designed to provide borrowers with quick access to cash to cover unexpected expenses or emergencies, such as car repairs or medical bills. Payday loans are usually unsecured, meaning that you don’t need to provide collateral to secure the loan.

Are Payday Loans Legal in Iola, Texas?

Yes, payday loans are legal in Iola, Texas. The state of Texas has laws in place that regulate the payday loan industry. These laws are designed to protect consumers from deceptive lending practices and ensure that lenders operate in a fair and transparent manner.

How Do Payday Loans Work?

The process of obtaining a payday loan is relatively simple. First, you must provide the lender with proof of income, such as a pay stub or bank statement. You’ll also need to provide proof that you’re over 18 and a legal resident of the United States.

Once you’ve been approved for the loan, the lender will typically deposit the funds directly into your bank account. You’ll then be required to repay the loan, along with any fees and interest, on your next payday.

What Are the Requirements for Obtaining a Payday Loan in Iola, Texas?

There are several requirements that you must meet in order to obtain a payday loan in Iola, Texas. These include:

  • Being at least 18 years old
  • Having a valid government-issued ID
  • Having a steady income
  • Having an active bank account

What Are the Fees and Interest Rates for Payday Loans in Iola, Texas?

The fees and interest rates for payday loans in Iola, Texas vary depending on the lender. However, the state of Texas has regulations in place that limit the amount of fees and interest that lenders can charge. In general, you can expect to pay anywhere from $10 to $30 in fees for every $100 you borrow.

It’s important to note that payday loans are a form of high-interest credit and should only be used as a last resort. If you’re considering taking out a payday loan, make sure you understand the fees and interest rates associated with the loan and have a plan to repay the loan on time.

Interesting Facts and Statistics About Payday Loans in Iola, Texas

  • In 2020, Texas passed a law that requires payday loan lenders to provide borrowers with more detailed information about the terms and conditions of the loan.
  • According to a report by the Consumer Financial Protection Bureau, the average payday loan borrower takes out eight loans per year, with each loan lasting 18 days.
  • As of 2019, there were over 2,000 payday loan storefronts in Texas.
  • The Texas Office of Consumer Credit Commissioner reported that in 2020, over 1.6 million payday loans were taken out in the state, totaling over $4 billion.

Apply Now

If you’re in need of a payday loan in Iola, Texas, TheGuaranteedLoans is here to help. We’re a connector service that can help you find potential lenders who can meet your needs. Simply fill out our online application form and we’ll connect you with lenders who may be able to provide you with the cash you need. Please note that we are not a direct lender and do not make loan decisions.

At TheGuaranteedLoans, we believe in providing our customers with a quick and easy way to find the right lender. Apply now and take the first step toward getting the cash you need.

F.A.Q.

What are the consequences of defaulting on a payday loan in Iola, Texas?

If a borrower defaults on a payday loan in Iola, Texas, the lender may pursue collection efforts, including contacting the borrower's employer, contacting third-party debt collectors, or taking the borrower to court. Defaulting on a payday loan can also have a negative impact on the borrower's credit score.

Can I apply for a payday loan online in Iola, Texas?

Yes, many payday lenders in Iola, Texas offer the option to apply for a loan online. This can be a convenient option for borrowers who prefer to apply from the comfort of their own home or who do not have access to a physical payday loan store.