Texas Cash Loan

Payday loans are another term for cash loans. These types of loans are short term in nature. They can help you take care of emergencies that may arise in between paychecks. Generally, these loans range between $50 and $500. The borrower must pay back the borrowed amount upon receiving the next payroll or government check. The cash loan's popularity is rapidly growing throughout the country, and Texas is no exception.

The guidelines for issuing loans are very different from those used by conventional lenders. Lenders do not conduct credit checks for a cash loan. Texas cash loan lenders consider the applicant's job history--whether it is stable or not. The lender also considers the paycheck amount. Some lenders will qualify borrowers for larger amounts if they have direct deposit.

Texas cash loan lenders help many Texas' residents struggling between paychecks. Unexpected emergencies arise at the least expected moment, and normally, they must be cared for right away. An example of such emergencies is car repairs. If your car breaks down over the weekend and you don't have any cash, you will not be able to make it in to work on Monday. Obtaining a cash loan from a Texas cash loan lender can help you repair your car and keep your job.

If you have never applied for a cash loan, you may be wondering about the qualifying requirements. An applicant can expect to write a post-dated check and make it payable to the lender. The amount would include the borrowed amount plus the loan fee.

On the agreed date, normally a month after issuing the check, the lender deposits the check in his account. Other lenders may withdraw the amount electronically, which means that the amount comes out of the account balance right away. Borrowers need to make sure that the funds will be available on the due date to avoid incurring late fees.

The following guidelines and regulations apply to Texas cash loan companies:

No rollovers--a borrower cannot take out one loan to pay another one.

Fees cannot exceed 48 percent APR, plus an additional $10 monthly fee.

Lenders must write each loan for a maturity period of 7 to 31 days.

Texas Cash Loan Cities
AmarilloEl PasoLongviewRichardson
ArlingtonFort WorthLubbockRound Rock
AustinFriscoMcallenSan Angelo
BeaumontGarlandMckinneySan Antonio
BrownsvilleGrand PrairieMesquiteSugar Land
CarrolltonHoustonMidlandThe Woodlands
College StationIrvingMissouri CityTyler
Corpus ChristiKilleenOdessaWaco
DallasLaredoPasadenaWichita Falls