Payday Loans in Tuscola, Texas

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

Company nameAddressZip codePhone number
Texas Finance 3801 College Ave, Snyder, TX 79549 +1 (325) 573 - 7200
IBC Bank 108 E, TX-495, San Juan, TX 78589 +1 (956) 630 - 9320
Western Finance 800 Main St, Liberty, TX 77575
First Cash Advance 228 702 W Interstate 20 106, Arlington, TX 76017 +1 (817) 468 - 8499
Homestead Mortgage 8155 Gladys Ave, Beaumont, TX 77706 +1 (409) 861 - 2200
Community Bank of Texas 6200 FM 2100, Crosby, TX 77532 +1 (281) 328 - 4811
World Finance 2211 N Fry Rd Ste D, Katy, TX 77449 +1 (281) 398 - 3338
Credit Recovery Group, Inc 8323 Southwest Fwy 708, Houston, TX 77074 +1 (832) 595 - 2526
Texas First Bank 16831 TX-124, Beaumont, TX 77705 +1 (409) 794 - 3101
Atlas Credit Co., Inc 1103 US-83 #1, Zapata, TX 78076

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Tuscola, TX, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Burleson, TX, Payday Loan Companies in Carrollton, TX, Payday Loans in Cedar Hill, TX, No Credit Check Loans in Cedar Park, TX, Same Day Loans in Channelview, TX, 24-Hour Loan in College Station, TX, Payday Loans in Conroe, TX and Payday Loans in Coppell, 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 Tuscola, TX.

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

79562

Are Payday Loans Legal In Tuscola, 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

Tuscola, TX payday loan calculator

Payday Loans in Tuscola, TX: What You Need to Know

When you’re facing unexpected financial challenges, it’s comforting to know that there are options available to help you get back on track. One such option is a payday loan, a popular type of short-term loan that is legal in Texas. If you’re a resident of Tuscola, Texas, and are considering taking out a payday loan to cover an unexpected expense, here’s what you need to know.

What Is a Payday Loan?

A payday loan is a short-term loan designed to help you cover unexpected expenses until your next payday. Payday loans are meant to be repaid quickly, often within a few weeks or even days. In Texas, payday loans can’t exceed 180 days. These types of loans are easier to obtain than traditional loans, as credit checks are usually not required, making them an option for those with less-than-perfect credit.

How Do Payday Loans Work?

Applying for a payday loan is typically quick and easy and can be done online. Once you submit your application, the lender will review it and, if approved, disburse the funds to your account. You’ll need to repay the loan by the agreed-upon due date, along with interest and fees. You can choose to repay the loan by giving the lender access to your checking account, postdating a check, or paying it in cash.

What Are the Requirements to Get a Payday Loan in Tuscola, Texas?

To be eligible for a payday loan in Tuscola, Texas, you must be at least 18 years old and have a steady income. You’ll also need to provide the lender with proof of income, such as a pay stub or bank statement, as well as a government-issued ID and other personal information. Keep in mind that each payday lender may have their own specific requirements, so it’s essential to research their guidelines before applying for a loan.

How Much Can You Borrow with a Payday Loan in Tuscola, Texas?

The maximum amount you can borrow with a payday loan in Tuscola, Texas, is $1,000, and the minimum is $100. Keep in mind that the maximum loan amount that you’re eligible for may depend on a variety of factors, including your income and credit score.

What Are the Interest Rates and Fees Associated with Payday Loans in Tuscola, Texas?

The interest rates and fees associated with payday loans in Texas can be high. Texas law permits payday lenders to charge up to 10% interest on loans, in addition to a verification fee of up to $5 and an application fee of up to $25. This means that if you borrow $100, you could end up owing $130 or more in interest and fees, depending on the lender’s specific terms.

What Are the Risks of Taking Out a Payday Loan?

Although payday loans can be a helpful financial tool when used responsibly, they can also be risky. Because these loans have high interest rates and short repayment terms, it can be easy to fall into a cycle of debt if you’re not able to repay the loan on time. If you’re unable to make your payments, you may incur additional fees, harm your credit score, or even face legal action to collect the debt.

Interesting Facts and Statistics about Payday Loans in Tuscola, Texas

  • According to the Texas Office of Consumer Credit Commissioner, there were 24,362 payday lenders in Texas in 2019.
  • The average payday loan in Texas is $470, and the average borrower takes out eight loans per year.
  • As of 2019, there were 21,900 people employed in the payday lending industry in Texas.

Apply Now for a Payday Loan in Tuscola, Texas

If you’re facing unexpected expenses and need fast cash, a payday loan may be a suitable option for you. TheGuaranteedLoans is a connector service that can help you find the right lender to meet your needs. Our service is free, and we’ve helped thousands of people connect with lenders who can provide the financial support they need. Simply fill out our online application, and we’ll match you with a lender who can offer you a payday loan with fair and transparent terms.

Please keep in mind that while we don’t provide direct lending services, we’re committed to facilitating your connection with potential lenders. We strive to offer accurate and trustworthy information to our readers while maintaining a professional and authoritative tone.

F.A.Q.

Are there any protections for consumers who take out payday loans in Tuscola, Texas?

Yes, Texas has several consumer protections in place for individuals who take out payday loans. These include a maximum allowable interest rate, a cooling-off period after a certain number of loans, and a requirement for lenders to provide clear and concise information about the terms and conditions of the loan.

Can I be sued or have my wages garnished if I default on a payday loan in Tuscola, Texas?

Yes, if you default on a payday loan in Tuscola, Texas, the lender may take legal action against you to collect the debt. This could include filing a lawsuit or obtaining a court order to garnish your wages. It is important to communicate with your lender and seek legal advice if you are unable to make your loan repayment.