San Antonio Payday Loan

If you are living paycheck to paycheck and feeling a financial crunch in the form of bills being paid late, checks not clearing your account, and being unable to pay for necessities, you may be considering a pay day loan.  Pay day loans can seem like a very good decision and way out of a financial dilemma upon first glance.  However, if you are seriously considering obtaining a pay day loan, it is wise to do your research first by understanding the applicable state laws and terms of the loan.


San Antonio Payday Loan Lenders

This is the list of top payday loan lenders in San Antonio. You can apply them online and get approved in minutes. No Faxing required.

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

Pay Day Loan Overview

Pay day loans, also known as pay day cash advances, are meant to solve a short term financial problem.  They are not meant to help you in a long-term financial dilemma.  A pay day loan is a short-term loan against your next pay check.  After taking out a pay day loan, you will generally be required to pay back the loan plus fees and interest on your next pay day.  The application process is fairly simple; requiring a few personal references, and copies of your most recent pay stubs as well as bank statements.  Shortly after submitting your application you will know whether or not you qualify for a loan and how much you qualify for.

Texas State Payday Loan Law Overview

A San Antonio payday loan is governed by Texas state law.  As of 2012, the state of Texas has become stricter with their pay day loan laws.  These laws are meant to protect consumers.   All pay day loan companies must be registered with the state.  Under Texas state law, there is no limit to a pay day loan amount.  This amount will be determined by the lender based on your income.   Per state law the loan can be taken out for as little as seven days but not longer than 31 days.  No roll-overs or extensions are allowed in the state of Texas.   A pay day loan company may not offer more than one loan per consumer at a time.

The maximum fees and interest the state of Texas allows on a pay day loan is $10 per $100 borrowed, as well as an annual interest of 48 percent.   This equals out to be at an annual percentage rate (APR) of 309 percent.  Texas provides special protections for military members and their families receiving pay day loans and due to this some lenders will not lend to members of the military.  Pay day loan companies are not allowed to pursue criminal prosecution if the loan is not paid back.

Pay Day Loan Conclusion

Before committing to a San Antonio payday loan, explore your financial options to make sure you are making the best financial decision for your personal situation.  It is also important to be aware of the above laws to make sure that you are not being taken advantage of as a consumer and that you understand your rights and responsibilities.  Making an informed decision will help you to steer yourself on the path of financial independence while taking care of your short-term financial needs.

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