Payday Loans in Minden, Texas

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

Company nameAddressZip codePhone number
E Z Cash 1903 N County Rd W, Odessa, TX 79763 +1 (432) 332 - 2574
Cash Store 101 E Upshur Ave, Gladewater, TX 75647 +1 (903) 844 - 1335
Rapido Title & Express Loans 1038 E University Dr, Edinburg, TX 78539 +1 (956) 386 - 9005
EZ Money 100 College Ave, Levelland, TX 79336 +1 (806) 894 - 2971
Cliff's Check Cashing 2 215 E University Dr Suite 103, McKinney, TX 75069 +1 (972) 542 - 9505
Regional Finance 230 W Parker Rd Suite 190, Plano, TX 75075 +1 (214) 501 - 5090
Commercial Bank of Texas, N.A. 109 W Parker St, Elkhart, TX 75839 +1 (903) 764 - 2243
First State Bank Central Texas 207 N Main St, Elgin, TX 78621 +1 (512) 285 - 3405
World Finance Corporation 1504 FM 51, Decatur, TX 76234
Pilgrim Bank 1705 East 15th St, Wellington, TX 79095 +1 (806) 447 - 2591

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Minden, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Beaumont, TX, Payday Loan Without a Credit Check in Bedford, TX, Payday Loans in Brownsville, TX, Payday Loans in Bryan, TX, No Credit Check Loans in Burleson, TX, Payday Loans in Carrollton, TX, Payday Loans in Cedar Hill, TX and Payday Loans in Cedar Park, 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 Minden, TX.

Are Payday Loans Legal In Minden, 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

Minden, TX payday loan calculator

Payday Loans in Minden, Texas: A Comprehensive Guide

Payday loans offer a quick and easy way to obtain cash when you need it most. However, it’s essential to understand the regulations and restrictions before applying for one. If you’re located in Minden, Texas, this article will provide you with everything you need to know before applying for a payday loan.

What are Payday Loans?

Payday loans are small, short-term loans that are designed to be repaid within a few weeks, typically on the borrower’s next payday. They are an attractive option for those with poor credit scores or those who need money quickly and can’t obtain funds through traditional channels like banks, credit unions, or personal loans.

Unlike traditional loans, payday loans don’t require collateral or a high credit score. Borrowers need only to provide proof of income, their name, and banking information to apply.

How do Payday Loans Work in Minden, Texas?

In Texas, payday loans are legal and regulated by the Texas Finance Code. However, there are limits set on the amount and duration of a payday loan. Here are a few things to keep in mind when applying for a payday loan in Minden:

  • Loan amounts: In Texas, the maximum amount you can borrow is $1,500 or 20% of your gross monthly income, whichever is less.
  • Loan terms: The maximum length of a payday loan in Texas is 180 days. However, most payday loans are repaid on the borrower’s next payday, usually within 14-30 days.
  • Interest rates: Texas has no maximum interest rate. However, lenders are required to disclose the APR (annual percentage rate) for each loan. It’s essential to check the APR before agreeing to any loan terms.

Benefits of Payday Loans

Payday loans can be a solution for those who need money quickly or have an emergency expense that can’t wait. Here are some benefits associated with payday loans:

  • Fast funding: Payday loans offer quick access to cash. You can typically receive funds within 1-2 business days of being approved.
  • No credit check required: Payday loans don’t require a high credit score or collateral like traditional loans do.
  • Easy qualification: Payday loans are easy to qualify for, as long as you have proof of income, a bank account, and are over 18 years of age.

Drawbacks of Payday Loans

While payday loans can be useful in certain situations, there are some downsides to consider before applying for one:

  • High-interest rates: Payday loans come with high-interest rates, which can make them difficult to repay.
  • Short repayment terms: Payday loans must be repaid on your next payday, which can be challenging for those living paycheck to paycheck.
  • Potential for debt cycle: If you’re unable to repay your payday loan, you may be at risk of falling into a debt cycle, which can be difficult to escape.

Interesting Facts and Statistics about Payday Loans in Minden, Texas

  • More than 2 million Texans take out payday loans each year, according to a recent report by the Center for Public Policy Priorities.
  • The average APR for a payday loan in Texas is 454%, higher than the national average of 391%, according to a report by the Pew Charitable Trusts.
  • The maximum penalty for not repaying a payday loan in Texas is 6% of the outstanding balance. The lender may also charge additional fees for collection efforts.

Apply Now

If you’ve decided that a payday loan is the right solution for your cash needs, apply now with TheGuaranteedLoans. We’re a connector service, not a direct lender. We connect borrowers with a network of potential lenders who are willing to provide payday loans tailored to their needs. Our online application process is easy, fast, and secure.

Remember, before applying for any loan, it’s important to carefully read the terms and conditions, including the interest rates, fees, and repayment terms. Make sure that you understand all of the requirements before accepting any loan offer. If you have any questions, don’t hesitate to contact our customer service team for assistance.

In Conclusion

Payday loans can be a valuable solution for those who need cash quickly. However, they come with high-interest rates and short repayment terms, which can make them difficult to repay. Before applying for a payday loan, it’s important to carefully read the terms and conditions and make sure that you understand all of the requirements. If you’re located in Minden, Texas, and need cash fast, consider applying for a payday loan with TheGuaranteedLoans.

F.A.Q.

What is the maximum amount I can borrow through a payday loan in Minden, Texas?

The maximum amount that can be borrowed through a payday loan in Minden, Texas is $1,000.

What is the interest rate on payday loans in Minden, Texas?

The interest rate on payday loans in Minden, Texas is determined by the lender. The maximum allowable interest rate is set by state law at 661% APR.