Payday Loans in Rainbow, Texas

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

Company nameAddressZip codePhone number
Amarillo National Bank 3101 S Georgia St, Amarillo, TX 79109 +1 (806) 356 - 5800
Comerica Bank 3186 Junction Hwy, Ingram, TX 78025 +1 (830) 367 - 1000
The Elite Team Supreme Mortgage Colleyville: Best Home Loan & Mortgage Lender NMLS 1374306 8500 Precinct Line Rd Suite 100, Colleyville, TX 76034 +1 (817) 424 - 5995
TitleMax Title Loans 1318 50th St, Lubbock, TX 79412 +1 (806) 744 - 2554
Trading Post & Loan 603 15th St NW, Childress, TX 79201 +1 (940) 937 - 2800
Toledo Finance Corporation 225 N Main St, Conroe, TX 77301 +1 (936) 539 - 2286
PlainsCapital Bank 115 E Queen Isabella Blvd, Port Isabel, TX 78578 +1 (956) 943 - 0400
Texan Credit Corporation 300 N Teel Dr 103, Devine, TX 78016 +1 (830) 663 - 9184
Advance America 3011 11th St Ste. 101-B, Huntsville, TX 77340 +1 (936) 295 - 5973
Toledo Finance Corporation 1406 N Mechanic St A, El Campo, TX 77437 +1 (979) 578 - 0400

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rainbow, TX, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Beaumont, TX, Same Day Loans in Bedford, TX, Payday Loans in Brownsville, TX, Emergency Loan in Bryan, TX, Payday Loans in Burleson, TX, Same Day 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 Rainbow, TX.

Are Payday Loans Legal In Rainbow, 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

Rainbow, TX payday loan calculator

What are Payday Loans?

A payday loan is a type of small, short-term loan that is typically due on the borrower’s next payday. These loans are often used to cover unexpected expenses or to bridge the gap between paychecks when bills are due. Payday loans are available in many states, including Texas where they are legal.

Payday Loans in Rainbow, Texas

Rainbow is a small town located in Somervell County, Texas. It is part of the Dallas-Fort Worth Metroplex and is home to many working-class families who rely on payday loans to make ends meet.

In Texas, payday loans are regulated by state law. Lenders must be licensed by the state and adhere to strict rules regarding interest rates, fees, and loan terms. For example, the maximum loan amount in Texas is $1,500 and the maximum term is 180 days. The interest rate on payday loans varies, but it cannot exceed 10% of the loan amount.

How to Apply for a Payday Loan in Rainbow, Texas

Applying for a payday loan in Rainbow, Texas is simple. You can apply online or in person at a payday loan store. To qualify, you must be at least 18 years old, have a steady source of income, and have a checking account. You will also need to provide proof of identity and residency.

Once you have applied for a payday loan, you will receive a decision within minutes. If approved, the funds will be deposited into your checking account within one business day.

The Pros and Cons of Payday Loans

  • Pros: Payday loans are easy to obtain and do not require a credit check. They can be a helpful way to cover unexpected expenses or bridge the gap between paychecks.
  • Cons: Payday loans often come with high interest rates and fees, making them an expensive way to borrow money. Borrowers can also get trapped in a cycle of debt if they are unable to repay the loan on time.

Interesting Facts and Statistics about Payday Loans in Rainbow, Texas

  • In 2019, there were 13 licensed payday lenders in Somervell County.
  • The average payday loan amount in Texas is $470.
  • The average interest rate on a Texas payday loan is 662%.

Apply Now for a Payday Loan in Rainbow, Texas

If you are in need of a payday loan in Rainbow, Texas, TheGuaranteedLoans can help. We are a connector service that can facilitate your connection with potential lenders. To get started, simply fill out our online application and we will match you with a lender that meets your needs. Remember, payday loans should only be used for short-term financial needs and should be repaid on time to avoid additional fees and interest.

F.A.Q.

How long does it take to receive a payday loan in Rainbow, Texas?

The amount of time it takes to receive a payday loan in Rainbow, Texas varies by lender. Some lenders may be able to provide the loan funds within a few hours, while others may take several days. It is important to research and compare lenders to determine which option is best for your needs.

Are there any restrictions on the use of payday loan proceeds in Rainbow, Texas?

Yes, payday loan proceeds in Rainbow, Texas can only be used for short-term financial needs, such as emergency expenses or bills. They cannot be used to pay off existing loans or credit card debt. It is important to carefully consider your financial needs and the terms of the loan before borrowing.