Payday Loans in Thomaston, Texas

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

Company nameAddressZip codePhone number
Advance America 1523 Texas Blvd N, Weslaco, TX 78596 +1 (956) 447 - 1504
Vantage Bank Texas 111 E Plasuela St, Refugio, TX 78377 +1 (361) 526 - 2361
World Finance 251 N Bell Blvd Ste 102, Cedar Park, TX 78613 +1 (512) 219 - 9800
World Finance 1403 W Dickinson Blvd, Fort Stockton, TX 79735 +1 (432) 336 - 3003
Community National Bank & Trust of Texas 400 North Garitty St, Frost, TX 76641 +1 (903) 682 - 2235
Atlas Credit Co., Inc. 211 E Commerce St, Jacksonville, TX 75766 +1 (903) 589 - 0144
ACE Cash Express 205 N Barton St, Grapevine, TX 76051 +1 (817) 421 - 0994
Atlas Credit Co., Inc. 321 S Colorado St, Lockhart, TX 78644 +1 (512) 398 - 3835
Texan Credit Corporation 222 Center Ave, Brownwood, TX 76801 +1 (325) 643 - 1999
Lone Star National Bank 305 E Grant St, Roma, TX 78584 +1 (956) 847 - 2150

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Thomaston, TX, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in San Antonio, TX, Payday Loans in San Juan, TX, Payday Loan Without a Credit Check in San Marcos, TX, Online Loans in Schertz, TX, Quick Loan in Sherman, TX, Payday Loans in Socorro, TX, Payday Loans in Southlake, TX and Payday Loan Companies in Spring, 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 Thomaston, TX.

Are Payday Loans Legal In Thomaston, 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

Thomaston, TX payday loan calculator

Understanding Payday Loans in Thomaston, Texas

If you are in need of fast cash and reside in Thomaston, Texas, you may have heard of payday loans. Payday loans are a quick and convenient way to borrow money when you are in a financial bind. However, it is important to understand the terms and conditions of payday loans before making a decision.

What are Payday Loans?

Payday loans are a type of short-term loan that allows borrowers to access quick cash. Borrowers typically provide a post-dated check or access to their bank account as collateral for the loan. Lenders will offer a certain amount of money for a specific amount of time, typically until the borrower’s next payday. In Texas, payday loans are legal, but there are restrictions on the amount that can be borrowed and the fees that can be charged.

How do Payday Loans Work in Thomaston, Texas?

To obtain a payday loan in Thomaston, Texas, a borrower typically needs to have a steady source of income and a checking account. They will then need to fill out an application with a lender and provide proof of income and bank information. After filling out the application, the lender will evaluate the borrower’s eligibility and provide the loan if approved. The borrower will receive the loan amount and typically have to repay it with interest and fees on their next payday.

How Much Can You Borrow?

In the state of Texas, the amount that you can borrow through a payday loan is limited. The maximum amount that can be borrowed is $1,800 or 35% of a borrower’s gross monthly income, whichever is less. Additionally, the maximum term for a payday loan is 180 days.

Are There Fees?

Yes, there are fees associated with payday loans in Thomaston, Texas. Lenders can charge up to 10% of the loan amount as a fee. For example, if you borrow $500, the lender can charge up to $50 in fees. Additionally, if the borrower fails to repay the loan on time, they can be charged additional fees and interest.

Benefits and Risks of Payday Loans

Payday loans can be a convenient way to access cash, especially if you have an emergency expense. However, there are risks associated with payday loans. One of the biggest risks is falling into a cycle of debt. Since payday loans have high fees and interest rates, borrowers can easily find themselves unable to pay back the loan on time, leading to additional fees and debt.

It is important to carefully evaluate the pros and cons of payday loans before applying. And if you do choose to take out a payday loan, make sure to read the terms and conditions carefully.

Interesting Facts about Payday Loans in Thomaston, Texas

  • As of 2021, there were over 2,000 licensed payday lenders in Texas.
  • According to the Texas Office of Consumer Credit Commissioner, in 2020, Texans borrowed over $4 billion in payday loans.
  • The average payday loan in Texas is $470.
  • In Texas, the maximum annual percentage rate (APR) for a payday loan is 662.6%.

Apply Now

If you are in need of a payday loan in Thomaston, Texas, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service and not a direct lender. To apply, simply fill out our online application and we will match you with lenders who may be able to provide you with the loan you need.

Remember, payday loans are a serious financial decision. Make sure to weigh the risks and benefits before making a decision. And if you do choose to take out a payday loan, make sure to borrow only what you need and have a plan to repay the loan on time.

F.A.Q.

Are there any restrictions on how I can use the funds from a payday loan in Thomaston, Texas?

No, borrowers are free to use the funds from a payday loan in Thomaston, Texas for any purpose. However, it is important to remember that these loans should only be used for short-term financial emergencies and not for long-term financial planning.

What are the consequences of defaulting on a payday loan in Thomaston, Texas?

If a borrower defaults on a payday loan in Thomaston, Texas, the lender may pursue collection efforts, including contacting the borrower's employer, contacting third-party debt collectors, or taking the borrower to court. Defaulting on a payday loan can also have a negative impact on the borrower's credit score.