Get the Best Payday Loans in Texas With MoneyZap
Do you have a due date coming up and need a cash advance to avoid late fees? Don’t wait for your next payday! If you live in Edinburg, Fort Worth, Lubbock, College Station, Houston, Dallas, San Antonio, El Paso, Corpus Christi, or another town in Texas, apply today for a payday loan to help with unexpected expenses.
You can borrow from trustworthy, reliable payday lenders. Within one business day, you can receive up to $1,000 in your checking account to instantly pay your bills or surprise expenses. Texas has very flexible laws regarding short-term loans, but regulations vary city by city. When you need a cash advance, it is vital to find trustworthy lenders that will help you every step of the way.
Why Choose MoneyZap for Texas Payday Loans
- Flexible Loans Options. Our providers work with you to create the best repayment plan (both single and multi-payment) that best fits your financial needs.
- Gigantic Provider Panel. Our provider panel has hundreds of financial institutions throughout multiple cities in Texas.
- Same-Day Approval. Online applications are processed within a few hours, allowing you to receive a direct deposit of money into your checking account by the next business day.
- No Hard Credit Inquiries. Our lenders do not run hard inquiries that impact your credit. They will only do a soft credit check, not affecting your credit score.
- It’s Free!. MoneyZap is a free service that links you with lenders to help you secure a payday loan. We find a lender that best matches your needs.
How To Apply for a Payday Loan in Texas
- Loan Inquiry Apply online by filling out the form with the requested information. We will ask for your name, address, income, contact information, and the short-term loan amount. We streamline this process to make it quick and efficient.
- Lender Matching. After you make an inquiry, we will review the information you provided to find the best payday loan provider in your area. We’ll compare interest rates and lending terms to ensure you get the best match for your needs. This takes a few hours.
- Loan Approval. Once we’ve made a match, the payday loan provider will run a soft credit check before approving the loan. Once approved, you will have to read through the terms and conditions and sign a digital loan agreement. The funds will be directly deposited into your checking account by the next business day when you have completed the form.
- Loan Repayment. After you have received the money, there will be a repayment period for the loan, which varies depending on the amount. Most loans will need to be paid back in full by your next paycheck. To repay your loan, you will follow the instructions provided by your provider. Late payments might be subject to late fees.
Can I Get a Payday Loan in Texas?
Texas allows payday loans at any amount—most people request a loan between $100 to $500. Because payday loan lenders are considered a credit access business, annual interest rates (APR) can be as high as 400%. Due to the potential of high rates, using an intermediary agent will help you find the best rates.
To apply for payday loans online, a person needs to be a United States citizen and at least 18 years old. They must have proof of a consistent income, and they have to earn at least $1,500 a month. As long as you meet these requirements, you should be able to be approved for a payday loan quickly with MoneyZap.
Are Online Payday Loans Legal in Texas?
Texas laws apply to both in-person and online loans. Lenders offer payday loans, which are due within a few weeks to a month, and installment loans, which are due within a maximum of six months. The interest rate and time frame depend on the size of the loan.
How Much Are the Fees for Using MoneyZap?
Due to the lack of regulations in the state of Texas, it’s very beneficial to use a service like MoneyZap to help you find Texas payday loans. MoneyZap is an entirely free service that helps link borrowers with paycheck advance services. Our goal is to help you find a lender that you qualify for with a reasonable interest rate.
How Much Can I Get for a Payday Loan in Texas?
The average person receives a loan of around $800 in the state of Texas. Nevertheless, there is no cap for the amount you can borrow through a credit access business.
Most people borrow somewhere between $100 and $500. Payments for the loan are due by the person’s next check. For larger loans, customers get up to six months to pay off their loans. For more information, click here.
What’s the Difference Between a Bank and a Credit Access Business?
Credit Access Businesses help customers extend their lines of consumer credit. A bank is a business that provides loans to customers based on their ability to pay back the loan in a timely fashion. Because of this, the companies run very differently and have different requirements within Texas regarding APR, repayment plans, and statute of limitations.
What Is the Statute of Limitations on a Payday Advance in Texas?
According to state law, if a person happens to default on a payday loan, the loan provider has four years to sue the borrower. If the statute of limitations expires, then they can no longer file a lawsuit. It is very rare for lenders to allow the statute of limitations to expire.
What Are the Costs Associated With Online Payday Loans in Texas?
Payday loans can have a very high APR compared to other loans. If used incorrectly, it can become very easy to create unnecessary debt; however, if used correctly, payday loans can help you get out of a bind, avoid late fees, or pay for a surprise expense.
As long as you make your payments on time, payday loans can be very beneficial. What you gain in speed, you lose in APR. For example, if you borrowed $100 with a 35% APR, and you have 14 days to pay it back, this is what your total payment would be:
35% 365 (days) = 0.09589 14 days = 1.3425%
In total, you would pay:
1.3425% of $100 = $101.34
Payday loans can be a great tool as long as they are used correctly. Late fees can pile up quickly, so make sure only to borrow what you can afford.
Is MoneyZap a Direct Loan Provider?
No, MoneyZap is a licensed matching service that links applicants with loan providers that supply customers with the best rates and repayment terms. All financial institutions that we work with are licensed by the state of Texas to provide payday loans.
We promise the highest security when it comes to your personal information. Because of our guidelines, we only connect you with the most credible institutions within the state of Texas. We match you with lenders that will help you with all of your financial needs. This includes people who have bad credit or no credit.
Can I Get a Payday Loan With Bad Credit?
Yes, MoneyZap can help you find payday loans even if you have a bad credit score. Our matching services are perfect for people who struggle to get approved for a short-term loan with normal banks or financial institutions.
Most places decline people’s loan requests because they don’t have a credit history or a bad credit score; however, we at MoneyZap consider all applicants no matter their credit score. First, we analyze the information that you provide on our online application form. After that, we match you with a lender that is most likely to approve you for a payday loan regardless of whether you have a good or bad credit score.
Can I Get a No Check Payday Loan in Texas?
Yes! Our network of lenders will never run a hard credit check, so your inquiry will not impact your credit score. Instead, they will run a soft credit check, which has no effect on your credit score. Ultimately, lenders want to see that you have a steady income to ensure you will be able to pay back the loan. As long as you have proof of income and a recent bank statement for proof, you should be able to secure a loan.
What Happens if I Don’t Pay My Cash Advance Loan On Time?
If you do not pay your payday loans, Texas state law and federal law does not allow you to face jail time. Normally, there will be additional fees that will be added to your debt. If you continue to not make payments, the lender can sue you within the statute of limitations or send your debt to collections. This will damage your credit score and can lead to check garnishment.
Is Payday Loan Approval Guaranteed?
For most people, payday loan approval is pretty much guaranteed. As long as you have a monthly income of $1,500 or more and a good credit score. Nonetheless, if you have a bad credit score, we will try our best to match you with a lender that will most likely approve your application as long as you meet the monthly income amount. But, approval is not guaranteed.
Can I Apply for More Than One Loan at a Time?
In most places, such as California, you can only take out one loan at a time, but the state of Texas has almost no restrictions on the number of loans you can apply for. Though, it is suggested you only apply for one loan at a time. When you have multiple loans due each month, your debt-to-income ratio will show that you are most likely not able to make the payments. Therefore, your applications are more likely to be declined.
Although it is not suggested, there are no specific restrictions against taking out more than one loan in Texas. As long as you can pay back the cash loans by your next paycheck, it should be okay. Remember that creating a lot of debt can lead to the risk of bankruptcy, late fees, and a bad credit score.
Can I Trust Online Payday Loans?
There are many online attacks and complaints about the payday loan industry. Some companies can be seen as predatory and offer little financial protection. With MoneyZap, we match you with trusted providers that clearly state their terms and conditions as well as the minimum payment, APR, and due date.
Because MoneyZap compares the rates of tons of loan providers that are all licensed in the state of Texas, we can ensure that you are working with a credible company. As long as you repay the loan and meet your monthly payments, you won’t have any issues with an online payday loan provider.
Where Can I Borrow Money ASAP?
If you are in need of cash quickly, you can fill out an online application with MoneyZap. We’ll match you with several providers and set you up with a lender within hours. If approved, you’ll have cash inside your checking account by the next day.
Even if you have a bad credit score, you might qualify for a cash loan. To do it, you must meet the minimum age of 18. We’ll find you a lender that will give you the best APR, repayment plan, and payment options. If you need money before your next paycheck, contact us here at MoneyZap, and we’ll do our best to help you.