Payday loans for Texas residents are short-term loans that provide financial assistance to borrowers who are unable to wait until their next payday to handle any unanticipated emergency bills. Fill out the application for an online payday loan if you live in Texas, have a financial emergency that won’t last more than a few months, and need cash quickly—even if you have poor credit. If you are willing to submit some basic information about yourself, your place of employment, and your pay, it is possible to have money deposited into your bank account within one working day.
Why is it important in Texas to choose a lender for payday loans?
Lenders in Texas who hold state licenses manage all aspects of the loan process, from the application through the repayment. As a consequence of this, the confidentiality of your information will always be preserved. Maintaining your loan in the state of Texas is the most prudent line of action to take.
What happens if we are unable to be of assistance to you?
We will refer you to our extensive network of associated lenders in order to increase the likelihood of you being approved for the loan. We are actually able to help at least 80 percent of the people who apply for loans because of the fact that not all of them get approved. If we do decide to refer your application, however, only one of the lenders who are interested in giving you a loan will get in touch with you. In this scenario, you will only have to speak with one (1) lender, and that lender will be the one that assists you, regardless of whether it is us or another lender.
Loan agreements in Texas are governed by those provisions of Texas law that are applicable to their particular circumstances. If you are approved for a conventional online payday loan from a lender licensed in Texas, the funds will be wired directly into your bank account, and the payments will be withdrawn on the due date automatically. Even though payday lenders who are regulated in Texas have the right to charge you with additional costs if you default on your loan, they are not allowed to press criminal charges against you.
As a consequence of this, we highly advise against taking out an online payday loan from a lender licensed in the state of Texas unless you are certain that you will be able to afford the loan charge and will be able to repay the loan on time. This is due to the fact that late fees can quickly accumulate, making your current financial situation even more perilous. However, if you find yourself in a position where you could benefit from financial assistance, don’t be afraid to ask for it. Your community likely has a number of local organizations and cities that may provide you with free advice and assistance so that you can better manage your money and get out of debt.
What is the Texas state limit on payday loans?
In the state of Texas, you are not allowed to take out a loan for an amount that is greater than $1,800. If the total outstanding sum of all of your loans is less than $1,800, you are eligible to apply for additional loans of up to that amount.
What happens if I don’t pay back a payday loan in Texas?
If you have not made payments on your loan as agreed, the lender may turn you over to a collection agency. However, the lender can try to acquire a civil judgment against you or try to coerce you into filing for bankruptcy. The lender is not allowed to file a criminal prosecution against you.
In Texas, can payday loan companies take money out of your paycheck?
Payday lenders attempt to garnish wages on a relatively infrequent basis. Payday lenders and collection agencies are not allowed to withdraw money from your salary unless they obtain a court order that stems from a lawsuit that they have filed against you. Be aware that some debt collection firms have been known to exploit the fear of having wages garnished as a means of pressuring debtors into paying even when they do not have the requisite court order or judgment.