Payday Loans in Texas
It is not a big deal for residents of Texas to obtain a sum of money without obstacles. This industry is developed and hundreds of people have got a possibility to cope with their financial problems. Nevertheless, not everyone can use this possibility with the same profit as those offered at CashDisc.com. Why should you opt for this service? First and foremost, you save your time as you don’t need to go somewhere in order to apply for a loan, you can do it at your PC. Just one click and you can get it. Then you will get your money within several hours.
Texas Lending Laws
The lending laws in Texas concerning instant cash are very similar to those used in other states. Cash advance or the so-called payday loans is a legal service which is regulated. The terms of this service in Texas is from 7 to 31 days and the amount varies from $100 to $350. The companies are able to charge their clients an Annual Percentage Rate (APR) of 48% and a $10 monthly fee. Lenders have also fees and interest fees that may seem rather high if comparing with other loan types like car, student loans and so on, but they are much lower in comparison to cash advance fees in other states. There is a great many of cash advance centers in Texas. The total amount is about 1,675 cash advance centers nowadays. It should be said that this number is constantly growing.
Do you need some money? It doesn’t matter wheatear you live in Texas or another state. We will provide you for a list of the most reliable companies that will lend you quick money. We are a professional cash advance service. We help people anytime they are in the hour of need and irrespectively the place they live.
There are situations when you are not able to manager financial problems or suddenly face money shortage. It happens, you cannot avoid it. Once or twice or even more times you may need help and no one can help you as you may not have friends or people with extra money. Our company is the best that helps to find services offering cash advance in Texas. We provide you with the necessary information about each lender, so that you can get the necessary sum of money and to pay it back just when you get your next salary or another type of paycheck.
Payday loans is a very popular service nowadays as people often don’t have anybody to borrow money from. There can be different reasons of extra need: sudden household repairs, illness or surgery, unplanned bills and so on. You don’t need to spend your time on looking for someone who can give you some money. The process of getting cash advance takes several minutes. CashDisc.com is just what you need to save your time and get your money. The list of the best and most reliable payday loans companies is here on our website!
Payday loans services are to have a schedule of fees in their offices in Texas and they also must provide an agreement in writing with the name of a lender, check date and amount, an itemization of the fees, the day that the check was deposited, and the amount of the check in U.S. dollars must also be included. In addition, the Annual Percentage Rate (APR) should also be mentioned in the written agreement.
Lonestar State is a landmark event. It happened in June of 2000. This means that each company dealing with cash advance has to get a license in order to get the right to lend money.
Fees is another question to be discussed. First of all, you have to know how to count fees. The amount depends on the total sum you borrow. Under Texas law, the lender is empowered to charge $1 for every $5. However, if you borrow less than $30, he cannot exceed that amount. What about cash loans from $30 to $100, the fee can make 10% from the total amount. If one wants to borrow more than $100, the maximum charge is to be $10.
According to Texas law, handling charges are not prohibited. $3.50 is the sum that can be added to any loan that is less than $35. If the loans from $35 to $75, this fee rises to $4. The same fee is applied to loans that exceed $100.
Another important this is that it is prohibited to “split” cash loans e.g. dividing one cash advance into several. The limit of one cash advance is from 7 to 31 days.
It should also be born in mind that each agreement is to contain the following information: name, address, and phone number of the Consumer Credit Commissioner and words that the cash advances are used for short terms only and under Texas law.
Moreover, companies that lend money shouldn’t behave in a criminal manner on a debt that they want to collect. A payday loan can only be renewed so many times in Texas (TX). Lenders can renew a cash advance is one time per month.
Jobless Rate in Texas
According to the statistics of January, 2006, the unemployment rate is 5.2% that makes the amount of 593,428 residents of Texas. This number was higher a year before – 5.9%. That means a positive change in the matter of employment.