Houston Payday Loan | Best Payday Loan in Houston

Payday loans are legal in the state of Texas and a Houston payday loan online can be a good option for someone who needs quick cash. However, it is important to understand how these loans work and the requirements associated with acquiring this type of loan. These loans are often geared towards people who are already in difficult financial circumstances. After all, these are the people who cannot typically get a traditional bank loan. Resorting to online payday loans can be an expensive option; but with a little knowledge and careful planning, these loans can provide an important resource when money is needed in a hurry.

Maximum Loan Amount

The state of Texas has not set a maximum loan amount, but each payday loan company will set their own criteria. This amount is often increased after an individual has successfully paid off one or more payday loans. However, it is important to find out exactly what your limits will be and how those limits can be raised, if applicable. It is always best to only borrow what you need, getting in the habit of borrowing money that exceeds your financial emergency can put you on the path to even more financial troubles.

Loan Terms

Texas has set a maximum loan term for payday loans at 7 to 31 days. These loan terms are designed to ensure that consumers are protected from long-term, high fee loans that can cause financial devastation. All payday loans will need to be paid within this time frame.

Extensions

Extensions are not permitted; however, it might be possible to convert a payday loan to an installment note that features a declining balance. Most payday lenders will simply consider your loan in default if you do not meet the terms of the original loan. Collection fees and criminal action on the part of the lender have not been specifically set by the state of Texas.

Fees & APR

For a $100, 14 day payday loan in the state of Texas, the APR cannot exceed 309%. There is also a maximum $12 finance charge for this same loan type. Again, collection fees have not been specified, so defaulting may incur additional penalties.

There can be many reasons why someone would need to borrow cash in a hurry and a Houston payday loan online is an easy and convenient way for someone who needs money in a hurry to meet their financial needs; however, there is a need to use caution with this type of loan because of high fees and the need for repayment in a relatively short amount of time. While meeting your financial needs is important, so is your long term financial security.

Best Houston Payday Loan

These payday loan lenders below offer payday loan in Houston. You can apply for loan by clicking on visit site button below.

No
Provider
Review
APR
Visit Site
1
AmeriAdvance
Varied
Go to AmeriAdvance
2
Paydaymax
431.79%-616.85%
Paydaymax
3
Plain Green Loans
59.84% �?378.95%
Go to Plain Green Loans
4
MyCashNow
401.13%-573.05%
MyCashNow
5
Discount Advances
401.13%-573.05%
Discount Advances
6
100 Day Loans
36%�?51.79%
100 Day Loans
7
Check City
Varied
Check City
8
Cash Central
Varied
Cash Central
9
CashAdvance
Varied
Go to CashAdvance.com
10
Great Plains Lending
199.44% �?448.76%
Great Plains Lending
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