Payday Loans in Point, Texas

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

Company nameAddressZip codePhone number
Texas Car Title & Payday Loan Services, Inc. 1713 E Main St, Alice, TX 78332
Security Finance 1103 Lamar St, Sweetwater, TX 79556 +1 (325) 236 - 6894
Devolada Payday & Title Loans 2305 N Arkansas Ave, Laredo, TX 78043 +1 (956) 568 - 1884
Western-Shamrock Finance 2529 19th St, Hondo, TX 78861
Holiday Finance Corporation 3602 Houston Hwy Ste G, Victoria, TX 77901 +1 (361) 576 - 0993
Regional Finance 12220 Murphy Rd Suite H, Stafford, TX 77477 +1 (281) 575 - 7320
A1 Cash Loans 6503 W. FM 1431, Granite Shoals, TX 78654 +1 (830) 596 - 0030
Check n Go 1016-C, Junction Hwy, Kerrville, TX 78028 +1 (325) 446 - 1457
Capital Farm Credit 115 N Armstrong Ave, Tulia, TX 79088 +1 (806) 995 - 3129
ValueBank Texas - Orange Grove 204 Eugenia St, Orange Grove, TX 78372 +1 (361) 207 - 7200

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Point, TX, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Galveston, TX, Same Day Loans in Garland, TX, Bad Credit Loans in Georgetown, TX, Payday Loans in Grand Prairie, TX, Payday Loan Without a Credit Check in Grapevine, TX, Same Day Loans in Haltom City, TX, Payday Loans in Harlingen, TX and No Credit Check Loans in Houston, 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 Point, TX.

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

75472

Are Payday Loans Legal In Point, 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

Point, TX payday loan calculator

Point, Texas residents facing financial difficulties can turn to payday loans to obtain fast cash. Payday loans are a viable option for many who need quick cash for unexpected reasons, and they are legal in Texas. This article will cover the basics of payday loans in Point, Texas, including their legality, how they work, and their benefits and drawbacks.

What Are Payday Loans?

Payday loans are short-term, high-interest loans designed to provide quick cash to those in need. They are typically used for unexpected expenses, such as medical bills or car repairs, that cannot be covered by a borrower’s savings or credit.

Payday loans are regulated by state laws, and in Texas they are managed by the Office of Consumer Credit Commissioner (OCCC). Texas state law permits payday loans, but with certain limitations. For example, the maximum amount that can be borrowed is $1,800. The loan term is no longer than 180 days, and lenders are not allowed to charge more than 10% of the principal in fees.

How Do Payday Loans Work?

The process of obtaining a payday loan is relatively straightforward. A borrower creates a post-dated check or provides the lender with electronic access to their bank account for the loan amount plus fees. The lender then gives the borrower the cash, minus the fees. The borrower agrees to repay the loan on or before the due date, usually on their next payday. If the borrower does not repay the loan on time, the lender may charge additional fees or even take legal action.

The Pros and Cons of Payday Loans

Payday loans have both advantages and disadvantages. Here are some of the pros and cons to consider:

Pros

  • Fast cash in emergencies
  • No credit check required
  • No collateral is needed
  • Accessible to borrowers who may not qualify for traditional bank loans

Cons

  • High fees and interest rates
  • Short repayment terms
  • Risky for borrowers who may not be able to repay the loan on time
  • Potentially damaging to credit score

Interesting Facts and Statistics About Payday Loans in Point, Texas

  • Point, Texas has a population of just over 800 people.
  • In Texas, the average payday loan amount borrowed is $500.
  • According to a study conducted by the Pew Charitable Trusts, 12 million Americans take out payday loans each year.
  • Payday loan borrowers often end up paying more than double the amount they borrowed in fees and interest.

Apply Now on TheGuaranteedLoans Website

If you are in need of a payday loan in Point, Texas, TheGuaranteedLoans can help. We are a connector service, not a direct lender, and we will facilitate your connection with a network of potential lenders based on the information you provide in your online application. Applying is easy, and our streamlined process can help you get the cash you need in a timely manner.

Remember, payday loans are a short-term solution for financial emergencies. If you are considering a payday loan, make sure you understand the terms and costs associated with the loan, and make every effort to repay the loan on time to avoid additional fees and damage to your credit score.

F.A.Q.

Are there any alternatives to payday loans in Point, Texas?

Yes, there are several alternatives to payday loans in Point, Texas, such as small consumer loans, credit union loans, and installment loans. These options may have lower interest rates and more flexible repayment terms, but it is important to compare the terms and conditions of each option before deciding on a lender.

Can I be charged additional fees for using a payday loan in Point, Texas?

Yes, in addition to the interest charges, payday lenders in Point, Texas may charge additional fees for processing, origination, and late or missed payments. It is important to carefully review the loan agreement and understand all fees that may be associated with the loan before signing.