Frequently Asked Questions:
What do I need to qualify for a payday loan?
A: To be eligible for a payday loan, you need to have an active checking account, provide your most recent pay stub, be at least 18 years old, present a valid photo ID, and provide a blank check.
How much money can I borrow?
A: In Texas, you can request a payday loan ranging from $100 to $1,200. The specific amount you qualify for will be determined during your visit to our office and is based on lender underwriting, your income, and your ability to repay.
When and how do I repay the loan?
A: Typically, your payday loan will be due on your next payday. Please review your loan agreement for precise terms and conditions.
How much does a payday loan cost?
A: Please refer to the Consumer Disclosure tab on the menu for complete details regarding costs. Payday loans are designed to address your emergency cash needs and are often less expensive than check fees, late charges, and other costs associated with late payments.
Can I still get a payday loan with bad credit or a bankruptcy history?
A: Yes, your credit history does not impact your eligibility for a payday loan. Factors such as discharged bankruptcy, charge-offs, bounced checks, and other credit issues do not affect your ability to obtain a payday loan.
When can I apply for another loan?
A: In Texas, you can reapply for another payday loan immediately after paying off your existing one. However, some cities like Dallas and Austin may require a waiting period before reapplication. Please check with your loan representative for specific details.
Can I refinance my payday loan?
A: Yes, payday loan refinancing is permissible in Texas. For complete details, please consult with your loan representative.
What if I'm late in repaying my loan?
A: If you encounter difficulties in making your full payment due to an unexpected emergency, we will collaborate with you to establish payment arrangements in compliance with state regulations.
What is the total amount of the loan, including the interest and fees?
A: Please refer to your loan documents for a comprehensive breakdown of all terms and fees. Our representative will thoroughly discuss these details with you before you sign the loan agreement.
How is the loan amount disbursed?
A: Once your payday loan is approved at the location of your choice, you will receive the loan by check at our office or direct deposited into your bank account.
How long does the approval process take?
A: Typically, approval is granted on the same day if you apply before 12:00 P.M. Central Standard Time.
If I already have a payday loan outstanding, can I still qualify?
A: Loan terms and frequency may vary. Please contact us for specific details regarding reapplication.