Payday Loans in Odem, Texas

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

Company nameAddressZip codePhone number
Sun Loan Company 2902 N Chadbourne St, San Angelo, TX 76903 +1 (325) 653 - 7100
Texas Bank 230 Johnson St, Tatum, TX 75691 +1 (903) 947 - 2231
Security Finance 301 US-281 Suite C, Lampasas, TX 76550 +1 (512) 556 - 4138
TitleMax Title Loans 2303 MacArthur Dr, West Orange, TX 77630 +1 (409) 777 - 2183
Alpha Cash 4-U 2410 E 7th St, Austin, TX 78702 +1 (512) 476 - 2274
Check n Go 1001 SW Wilshire Blvd Suite G, Burleson, TX 76028 +1 (817) 426 - 4470
First State Bank 201 S Weatherford St, Chico, TX 76431 +1 (940) 644 - 2218
First Cash Pawn 110 US-79, Hutto, TX 78634 +1 (512) 846 - 2108
Excel Finance 540 10th St 124, Floresville, TX 78114 +1 (830) 328 - 4237
ACE Cash Express 115 Highway 35 S, Ste 19, New Braunfels, TX 78130 +1 (830) 606 - 6037

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Odem, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Missouri City, TX, Payday Loans in Nacogdoches, TX, Payday Loans in New Braunfels, TX, Payday Loans in North Richland Hills, TX, Payday Loan for Odessa, TX, Short-term Loans in Pasadena, TX, Payday Loans in Pearland, TX and Payday Loan for Pflugerville, 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 Odem, TX.

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

78370

Are Payday Loans Legal In Odem, 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

Odem, TX payday loan calculator

Payday loans have become increasingly popular in Odem, Texas, with a growing number of residents turning to these short-term loans to help them through financial emergencies. These loans are a type of unsecured loan that you can get quickly without having to go through a credit check, and unlike traditional loans, they can be used for almost any purpose.

What Are Payday Loans?

Payday loans, also known as cash advances or paycheck advances, are typically small loans that are designed to help you cover unexpected expenses until your next payday. You can get these loans from payday lenders who provide the funds you need in exchange for a postdated check or access to your bank account. When you receive your next paycheck, you pay back the loan, plus any fees and interest, usually within a few weeks.

How Do Payday Loans Work in Texas?

In Texas, payday loans are legal, but the state has strict regulations on how much lenders can charge in fees and interest. According to Texas law, a payday loan cannot exceed 20% of the borrower’s gross monthly income, and the maximum term for repayment is 180 days.

For example, if your monthly income is $2,000, the maximum you can borrow is $400. The lender will charge you a fee on top of the loan amount. The fee cannot exceed 10% of the loan amount, which in this case would be $40. So, the total amount you would owe the lender is $440, which must be paid back within 180 days.

The Pros and Cons of Payday Loans

Pros:

  • Payday loans can be quickly and easily obtained, often with no credit check.
  • They can be used for almost any purpose.
  • You can get the cash you need to cover unexpected expenses.
  • They can be a good option if you have no other means of obtaining emergency funds.

Cons:

  • Payday loans can be expensive, with interest rates and fees that can add up quickly.
  • You may end up in a cycle of debt if you cannot pay the loan back on time.
  • You may be tempted to use payday loans for non-emergency situations, which can lead to financial problems in the long run.
  • Some payday lenders may use aggressive tactics to collect payment.

It’s important to weigh the pros and cons carefully before taking out a payday loan. If you decide to proceed, make sure you understand all the terms and fees associated with the loan.

Interesting Facts and Statistics About Payday Loans in Odem, Texas

Did you know that the average payday loan in Texas is $470? And the average loan term is just over 25 days. This means that the average borrower is paying back their loan plus fees in less than a month.

According to a recent study, there are nearly 3,000 payday lending locations in Texas, with a majority of them located in urban areas. This demonstrates the widespread demand for payday loans in the state of Texas.

Apply Now

If you find yourself in need of emergency funds, a payday loan may be an option for you. However, it’s important to understand the terms and fees associated with the loan. At TheGuaranteedLoans, we connect borrowers with a network of potential lenders who can provide the funds you need. As a connector service, we do not directly lend money, but we can facilitate your connection with potential lenders who can meet your needs.

Visit our website today to fill out an online application and get started on your journey to financial stability.

F.A.Q.

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

Yes, many payday lenders in Odem, 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.

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

When applying for a payday loan in Odem, 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.