Payday Loans in Scroggins, Texas

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

Company nameAddressZip codePhone number
Parra Loan Co 265 Jefferson St, Eagle Pass, TX 78852 +1 (830) 758 - 0044
First United Bank - Leonard 200 W Collin St, Leonard, TX 75452 +1 (903) 587 - 3314
Same Day Payday Loans 10414 Windsor Ln, Houston, TX 77031 +1 (281) 801 - 9858
Texas Farm Credit 545 US-77, Robstown, TX 78380 +1 (361) 387 - 3534
American Momentum Bank 200 S Main St, Andrews, TX 79714 +1 (432) 523 - 3440
Red River Federal Credit Union 105 Loop 59, Atlanta, TX 75551 +1 (903) 735 - 3000
Frost Bank 2700 N County Rd W, Odessa, TX 79764 +1 (432) 617 - 1200
Classic Bank 102 N Houston Ave, Cameron, TX 76520
RBFCU - Gonzales 1712 E Sarah DeWitt Dr, Gonzales, TX 78629 +1 (210) 945 - 3300
World Finance 1135 Hurst St Suite 400, Center, TX 75935 +1 (936) 598 - 6660

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Scroggins, TX, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Tyler, TX, Online Loans in Victoria, TX, Payday Loans in Waco, TX, Payday Loans in Waxahachie, TX, Bad Credit Loans in Weslaco, TX, Payday Loans in Wichita Falls, TX, Payday Loans in Wylie, TX and Payday Loan Companies in Abilene, 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 Scroggins, TX.

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

75480

Are Payday Loans Legal In Scroggins, 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

Scroggins, TX payday loan calculator

Understanding Payday Loans in Scroggins, Texas

Payday loans are a type of short-term loan that allows individuals to borrow money to cover unexpected expenses until their next paycheck. In Scroggins, Texas, payday loans are legal and readily available for those who need quick access to cash. However, these loans typically come with high interest rates and fees, which can make them an expensive option for borrowing money.

How do Payday Loans Work?

Payday loans are relatively easy to obtain. To qualify, borrowers typically need to provide proof of income, an active checking account, and a government-issued ID. Once approved, borrowers receive the cash they need, usually within a few hours or by the next business day. The amount borrowed, plus the fees and interest, must be repaid in full on the borrower’s next payday.

While payday loans can be a quick solution for those in need of immediate cash, they also come with risks. High-interest rates and fees can quickly add up, making it difficult for borrowers to repay the loan on time. This can lead to a cycle of debt, where borrowers must take out additional loans to cover the cost of the original loan and associated fees.

Regulations in Scroggins, Texas

As mentioned, payday loans are legal in Scroggins, Texas. However, there are regulations in place to protect borrowers from excessive fees and interest rates. The Texas Finance Code establishes the rules and regulations that govern payday loans in the state. According to these regulations, lenders are prohibited from charging more than 10% interest, and fees cannot exceed $25 for every $100 borrowed.

In addition, lenders must be licensed by the Texas Office of Consumer Credit Commissioner and must prominently display their license and fees in their offices and on their websites. They must also provide borrowers with a clear and concise loan agreement that outlines all fees and terms before issuing a loan.

Benefits and Risks of Payday Loans

Payday loans can provide a quick solution for those who need cash immediately and have no other options. Unlike traditional loans, payday lenders typically do not require a credit check, making them accessible to those with poor credit.

However, these loans also come with risks. High-interest rates and fees can make them an expensive option for borrowing money. Additionally, failure to repay the loan on time can result in additional fees and interest charges, leading to a cycle of debt that can be difficult to break.

Interesting Facts and Statistics

  • According to the Texas Fair Lending Alliance, Texans pay on average $23 in fees and interest for every $100 borrowed in a payday loan.
  • Approximately 8% of Texans have taken out a payday loan in the past year.
  • The number of payday loan storefronts in Texas has decreased in recent years due to increased regulation.

Apply Now

If you find yourself in need of immediate cash, a payday loan may be an option. TheGuaranteedLoans can help connect you with potential lenders who can provide the funds you need. However, it is important to understand that we are not a direct lender and do not make lending decisions. We simply provide a platform for borrowers to connect with potential lenders.

If you are interested in applying for a payday loan, visit our website to begin the application process. Remember to read the loan agreement carefully and understand all fees and interest rates before signing. We recommend borrowing only what you need and repaying the loan on time to avoid additional fees and interest charges.

In Summary

Payday loans can provide a quick solution for those in need of immediate cash. In Scroggins, Texas, these loans are legal, but regulations are in place to protect borrowers from excessive fees and interest rates. If you are considering a payday loan, it is important to understand all fees and terms before signing. Borrow only what you need and repay the loan on time to avoid additional fees and interest charges.

F.A.Q.

Is it possible to get a payday loan in Scroggins, Texas with bad credit?

Yes, it is possible to get a payday loan in Scroggins, Texas with bad credit. Most payday lenders do not require a credit check, so your credit score will not affect your eligibility for a loan. However, you may still be required to provide proof of income and other information to qualify for a payday loan.

How do I apply for a payday loan in Scroggins, Texas?

To apply for a payday loan in Scroggins, Texas, you will typically need to visit a payday lender in person and provide proof of income, a valid ID, and an active checking or savings account. Some lenders may also allow you to apply online or over the phone. It is important to carefully review the terms and conditions of any payday loan before agreeing to borrow.