Information about Houston, Texas

In the state of Texas (TX, 48), the law does not specify payday loan amounts. As a result, locals from Houston can borrow as much as lenders approve them for. The average short-term loan amount is around $800. Most people take a cash advance to solve short-term financial emergencies. The state regulations are more tolerant compared to other states.

Table Contents

  1. Legal Status of Payday Loans in Houston, Texas
  2. Payday Loans Near Me in Other Cities in Texas
  3. ZIP Codes
  4. How Do Payday Loans Work in Houston, Texas?
  5. Payday Loan Requirements in Houston, Texas
  6. Ways to Use Payday Loans in Houston, Texas
  7. Payday Loan Alternative in Houston, Texas
  8. Top 10 Lenders in Houston, Texas
  9. FAQs

Get a Payday Loan in Houston, TX

Submit your application now to check if you’re eligible.

Payday Loans Near Me in Other Cities in Texas

Take a payday loan in Houston, TX. Alternatively, see below nearby locations where you can apply for a cash advance. Finding the right loan is easy.

ZIP Codes of Houston, Texas

77069

77068

77061

77060

77063

77062

77065

77064

77067

77066

77036

77037

77034

77035

77032

77033

77030

77031

77038

77449

77489

77046

77045

77044

77040

77048

77201

77598

77018

77019

77015

77016

77017

77010

77011

77012

77013

77091

77093

77099

77053

77346

77345

77546

77547

77025

77024

77027

77026

77021

77020

77023

77022

77029

77028

77094

77096

77090

77098

77078

77079

77072

77073

77070

77071

77076

77077

77074

77075

77407

77047

77043

77041

77336

77339

77338

77003

77002

77007

77006

77005

77004

77009

77008

77571

77450

77082

77089

77088

77083

77081

77080

77087

77086

77085

77084

77092

77042

77054

77055

77056

77057

77058

77059

77396

77051

77506

77504

77001

77052

77202

77203

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77287

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77297

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77315

77325

77411

How Do Online Payday Loans Work in Houston, Texas?

Borrowers find payday loans easy and effective. Applying in-store takes about 15 minutes and has the same basic requirements as an online application. Both types of requests follow the same principles. The loan provider must own a valid license. All Texas lenders have to clearly state the loan conditions before asking you to sign the agreement. The main difference is the format you submit your documents: stores accept paper, while online applications require digital versions. If you own a smartphone, it will be easy for you to scan your documents and make a loan request online.

Although Texas legislation doesn’t stipulate a fixed value as a maximum loan amount, lenders in most cities cannot provide loans that exceed 20% off the borrower’s monthly gross income. Most companies set a limit of $1,000 on short-term loans to stay on the safe side. Installment loans (with a repayment term of up to six months) operate with amounts up to $5,000, provided that they follow the 20% income rule.

Texas residents enjoy looser regulations, which means that a borrower can get up to 3 rollovers (more in certain cities), or they can apply for another loan without a cooling-off period.

According to §83.604 in Texas Financial Code, lenders must return all fees that are not earned if a borrower pays off a loan earlier. That way, borrowers are more motivated to repay their loans on time.

A payday loan can help solve financial emergencies, pay the bills, fix your car or fulfill other financial obligations. One of the main benefits of a cash advance is that it is faster to get one, and the requirements are simple. These loans were created for emergencies, and the industry keeps growing due to popular demand.

Payday Loans Requirements in Texas

To qualify for a loan on the territory of Texas, a borrower has to meet a set of basic requirements:

  • Age: 18 and older;
  • Steady income: proof of recurring income from a job or other verifiable sources;
  • ID: the borrower must be a citizen or a permanent resident in Texas;
  • Bank account: an applicant needs to be the owner of a valid bank account;

Even if a borrower is not employed when submitting a loan application, they could still qualify. The requirement is to have a recurring monthly income, either from a financial aid program or from a supplier. The category covers people with disabilities, single parents who get alimony, retired people, and veterans.

The Military Lending Act regulates all loans towards active members of the Army, Marine Corps, Navy, Air Force, Coast Guard, as well as their dependents. The main restriction is for most loans to cap at 36%. That limits their access to several loans, including short-term cash advances.

Ways to Use Payday Loans in Houston, Texas

A payday loan is helpful when all other options have been exhausted or when you need money urgently. With a cash advance, customers have the possibility to choose smaller amounts than what larger financial institutions typically allow. If you only need $200 until the end of the month, this one service can grant you just that. In other words, a payday loan is a quick solution to solve a last-minute problem.

If your car broke down and you rely on it to commute to work, but you’re out of cash, you could get a payday loan in one business day, fix your car, and carry on. If a pipe blew up in the bathroom and you cannot afford to pay for the repair service, but you need it fixed urgently, a payday lender will reply fast to your application. In Houston, the elderly take payday loans to buy medicine or pay for groceries. You can use a cash advance to pay for your child’s tuition, a medical bill, or utilities. In short, you can use a payday loan for anything that you cannot postpone until your next paycheck.

Payday Loans Alternatives in Houston, Texas

Residents of Houston, TX, have the option of choosing from different organizations and services when considering a loan.

Banks. If you know you have a good credit history and need a larger amount of money, apply for a bank loan. They will look into your details and either grant you the loan you wanted or propose an alternative. Secured loans are normally easier to obtain.

Credit unions. Although borrowing from a credit union requires active membership, the organization will most likely offer you better rates than a traditional bank.

Top 10 Lenders in Houston, Texas

Choose from the most reputable lenders that have earned a good reputation in Houston. Trustworthy, licensed loan providers act in strict observance of state and city regulations.

RushCash.com

945 McKinney St #619, Houston, TX 77002, United States

Matagorda Capital

12 E Greenway Plaza # 1100, Houston, TX 77046, United States

Advantage Finance LLC

616 Farm to Market 1960 Rd W #680, Houston, TX 77090, United States

Pure Finance Texas

11811 North Fwy, Houston, TX 77060, United States

Guarantee Loan

1943 Gessner Rd, Houston, TX 77043, United States

Covington Credit

938 E Tidwell Rd, Houston, TX 77022, United States

American Finance

7230 Fairway Dr, Houston, TX 77087, United States

World Finance

5520 Airline Dr, Houston, TX 77076, United States

Texas Funding Corporation

10497 Town and Country Way #810, Houston, TX 77024, United States

liberty loans

12344 Gulf Fwy Suite N, Houston, TX 77034, United States

Apply for a payday loan in Houston, TX!

You will be surprised how easy it is to get financial help when you most need it.

FAQ

No. All payday lenders do at least a soft credit check. They will not pull your records from the three main credit bureaus, but they will quickly check your information.

There are no guarantees that you will qualify for a cash advance. Apply for a loan to find out if you are eligible.

Instant approval is not possible. A lender will need a couple of minutes to look through your application. A decision will follow shortly.

Yes, it is. Although no lender can guarantee it, you could receive a payday loan in 1 hour. Applying earlier in the morning on a business day will boost your chances.

Fill out the application form, and a direct lender will contact you in case of approval. With our service, an entire network of lenders can access your application, saving you time and effort.

Any payday loan can be financed the same day if the application process runs smoothly. Lenders process requests very fast since they are aware of the urgency factor.

Your best chances are payday loans. To these lenders, your credit history is less important than your income. If you have a steady monthly income source, your credit score will not affect your chances of getting a loan.