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  • AmeriAdvance


    If you have just had an emergency and need a certain amount quickly, Ameriadvance is the lender you need. They are great with lending money to people in need in little to no time at all. The maximum amount of a loan you can get is $1500. This means you can borrow a few hundred dollars to fix whatever emergency you might be having. The great thing about this company is it offers no fax payday loans. Some companies require the applicants to fax their personal documents in. This can be a waste of time and effort. This company is one of the fastest payday loan lenders when it comes to contacting you. after you submit your application, a representative will contact you within an hour. Once you have spoken with a staff member, you will receive your money in less than 24 hours. You will be completely satisfied with a payday loan from this company.

  • 100 Day Loans

    100 Day Loans

    If you are looking for a loan from the perfect company, look no further than 100 Day Loans. They strive to give the best rates around with the most amount of time for the repayments. They give the borrowers 100 days to pay back their loan in full. This is the longest amount of time for repayments out of any other loan company. You can process your loan through this company using a few different methods. The most popular is the internet. You can apply for the loan and receive your money completely online. You can also process your loans over the phone. This gives the consumers a more personable experience than an automated experience. If you need your money fast, look for this lending company. If you need a little extra time to make your full repayments, this company will work with you until you are back on your feet.


  • A How-To Guide on Payday Loan Lenders

    Do you think that there is a fast and easy way of avoiding any sort of crisis with your finances before you get the next paycheck? Surely you have come across situations when there are urgent bills that have to [...]

  • How to Find No Fax Payday Loans

    Trying to meet your financial obligations from one payday to another can be a bit challenging. Usually the amount of money that you earn is not sufficient to pay for the basic needs that you have, much less the ones [...]

  • Yes, You Can Get a Loan Without a Job!

    Strapped for cash? Have circumstances that have left you with no job and no money? This can be a difficult situation for the best of us but with a struggling economy more of us are facing this situation than we [...]

  • How to Apply for a Loan by Phone

    The Internet lets you do basically anything these days. You can research anything, apply for anything and even receive a payday loan. What happens if you lose your Internet connection in the middle of an application or even an exam? [...]


  • Can You Get a Loan Without a Bank Account?

    Do you need cash despite working really hard to stick to the budget that you have in place based on your income and your situation? Unfortunately, even the best planning cannot stop some unwanted or unplanned for problems. There are [...]

  • Easy Payday Loans Can Be a Lifesaver

    Easy payday loans are much easier to be accepted for than a personal loan you might take out at a local bank. Payday loans are easy to be accepted for because they don’t typically require any kind of background or [...]

  • Regulations Of The Payday Lenders In Texas

    While the problems with accumulating more debt due to payday loans were present for a while in Texas, authorities have take their first actions against the direct payday lenders only in 2010. The Texas Office of Consumer Credit Commissioner, the [...]

Regulations Of The Payday Lenders In Texas

While the problems with accumulating more debt due to payday loans were present for a while in Texas, authorities have take their first actions against the direct payday lenders only in 2010. The Texas Office of Consumer Credit Commissioner, the responsible authority overseeing the handling of payday loans, enacted some rules that guarantee consumer protection as well as the proper handling and short loan transactions. The need for the authorities to step in and control payday loans emerged from the fact that they are short term loans intended for the vulnerable category of population, such as people with bad credit and that are struggling with debt.

In case you want to do business with the direct payday lenders only in Texas, then you should know that regardless of how little you borrowed, then lender must provide you with a written agreement. Within the contract for the payday loan, you must find information regarding the name of the lender, the amount you borrowed, the date when the contract was signed, the complete list of fees, the due date as well as the total sum of cash that you need to reimburse. In addition, the legislation of Texas states that the agreement must include the contact details of the Commissioner’s Office and a visible statement where it should be clear that the payday loan is a short term solution.

As a rule of thumb, all payday loan lenders that extend their business in the state of Texas are obliged to attain a license from the state before starting to make any transactions. While the authorities have rooted out most of the fraudulent individuals that can take advantage of the unfortunate ones, the truth is that the interest rates and fees is a chapter that received the same amount of attention. Currently, lenders are allowed to charge one dollar for every five dollars for the loans that are under thirty dollars. For loans that are between thirty and one hundred dollars, the interest rate cannot overpass one tenth of the entire amount of the loan. Lastly, if you want to borrow a loan over one hundred dollars, then you can be charged up to ten dollars.

While the interest rates applied by the payday lenders in Texas are something to dream of, it is important to note that all transactions are commonly accompanied by additional fees. Therefore, if you apply for a loan there you are most than likely expected to pay a handling charge. The payday loans that are under thirty five dollars have a 3.50 dollars associated fee, while if the amount you borrowed surpasses seventy dollars you will be expected to pay four dollars for each one hundred dollars.

Since there have been many complaints filed against the payday lenders only in the past due to unethical and sometimes unscrupulous practices, the authorities have made a special rule to prevent further abuses. Therefore, the law dictates that lenders are not allowed to split the payday loans in order to charge more interest rate. In addition, even though the due date varies from seven days to one month, consumers are protected as they can renew the contract once a month.

The state of Texas discourages the attempts of the payday lenders only to hire collection agencies and promotes a system where lenders and borrowers work together to find a way of repaying the payday loan. Lastly, it is important to note that you will not face criminal charges if you are unable to pay the loan.

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