Payday Loans in Shelbyville, Texas

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

Company nameAddressZip codePhone number
Atlas Credit Co., Inc 1103 US-83 #1, Zapata, TX 78076
Energise Payday - Fort Worth 512 Main St, Fort Worth, TX 76102 +1 (888) 674 - 0058
Security Finance 123 S International Blvd, Suite C, Hidalgo, TX 78557
World Finance 2211 N Fry Rd Ste D, Katy, TX 77449 +1 (281) 398 - 3338
TitleMax Title Loans 12540 Bandera Rd Suite 101, Helotes, TX 78023
Regions Bank 910 N Kilgore St, Kilgore, TX 75662 +1 (800) 734 - 4667
Ez Max Loans 1501 N Washington St, Beeville, TX 78102
Highway 380 Pawn 5510 E Us Highway 380, Princeton, TX 75407 +1 (972) 734 - 6212
Approved Money Center 1201 S 10th St Suite B, McAllen, TX 78501 +1 (956) 972 - 1110
Loan Depot 1022 Normal Park Dr, Huntsville, TX 77320 +1 (936) 295 - 8300

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Shelbyville, TX, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Euless, TX, Payday Loans in Farmers Branch, TX, 24-Hour Loan in Flower Mound, TX, Payday Loans in Fort Worth, TX, Payday Loans in Friendswood, TX, Bad Credit Loans in Frisco, TX, Emergency Loan in Galveston, TX and Same Day Loans in Garland, 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 Shelbyville, TX.

Are Payday Loans Legal In Shelbyville, 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

Shelbyville, TX payday loan calculator

Payday Loans in Shelbyville, Texas: A Comprehensive Guide

Payday loans are a valuable resource for individuals who need quick access to cash. In Shelbyville, Texas, the payday loan industry is a thriving business, providing financial assistance for those in need.

What are payday loans?

Payday loans are short-term loans that are typically due on the borrower’s next payday. These loans are meant to help individuals cover unexpected expenses, such as medical bills or car repairs. Payday loans are different from traditional bank loans in that they are typically offered in smaller amounts and have shorter repayment terms.

How does the payday loan process work in Shelbyville, Texas?

In order to obtain a payday loan in Shelbyville, Texas, borrowers must provide proof of income and a valid identification card. The borrower then writes a postdated check to the lender, which includes the loan amount plus fees and interest. The lender then provides the borrower with the loan amount, which is typically a percentage of the borrower’s income. On the due date, the loan amount plus fees and interest are deducted from the borrower’s bank account or the borrower can return to the loan location and pay the loan off in cash.

Interest rates and fees for payday loans in Shelbyville, Texas

The state of Texas has specific laws regarding payday loan fees and interest rates. In Shelbyville, lenders are permitted to charge a maximum of 10% interest on the loan amount. The maximum amount that a lender can charge for a payday loan is $30 for every $100 borrowed.

Benefits of payday loans in Shelbyville, Texas

  • Quick access to cash: Payday loans provide quick access to cash for those in need.
  • Easy qualification: Borrowers can typically qualify for a payday loan with proof of income and a valid identification card.
  • No credit check required: Most payday lenders do not require a credit check, making it easier for individuals with poor credit to obtain a loan.

Apply now for a payday loan in Shelbyville, Texas with TheGuaranteedLoans

TheGuaranteedLoans is a connector service that helps individuals connect with potential lenders for payday loans. To apply for a payday loan in Shelbyville, Texas, simply fill out our online application and one of our customer representatives will contact you with potential lenders. Please note that TheGuaranteedLoans is not a direct lender, nor do we have any influence over the loan terms or fees. However, we strive to connect our customers with reputable lenders who operate within the state of Texas.

Interesting facts and statistics about payday loans in Shelbyville, Texas

  • According to the Consumer Financial Protection Bureau, in 2020, the average payday loan amount in Texas was $470.
  • In Shelbyville, Texas, there are several payday loan storefronts located on Main Street.
  • According to a report by Texas Appleseed, a public interest law center, in 2019, there were over 35,000 payday loans taken out in Shelby County, Texas.
  • The average APR for a payday loan in Texas is 662%, according to a report by the Center for Responsible Lending.

Conclusion

In conclusion, payday loans can be a valuable resource for individuals in Shelbyville, Texas who need quick access to cash. However, borrowers should be aware of the fees and interest rates associated with these loans, as they can be quite high. At TheGuaranteedLoans, we strive to connect our customers with reputable lenders who operate within the state of Texas. We encourage borrowers to explore all of their financial options before deciding to take out a payday loan.

Apply now for a payday loan in Shelbyville, Texas with TheGuaranteedLoans and let us help you connect with potential lenders.

F.A.Q.

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

The amount of time it takes to receive a payday loan in Shelbyville, 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 Shelbyville, Texas?

Yes, payday loan proceeds in Shelbyville, 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.