Payday Loans in Houston, Texas
Are you struggling to make ends meet? You may qualify to get a quick cash advance with a payday loan. Let’s take a look at how the process works in Houston, TX to see if it may be the right fit for you.
What Is a Payday Loan?
A payday loan is a cash advance that you can borrow from a reliable lender. You and the lender agree to a certain amount and timeline for repayment.
Using a payday loan, you can get the cash that you need quickly without waiting weeks or even a month until your next paycheck.
What Can I Use a Payday Loan for in Houston, TX?
You can use payday loans in Houston, TX for various purposes. You might need one to take care of unexpected expenses such as auto repairs or medical bills. Unlike some personal loans, a payday loan does not have any limits on uses.
What Are the Requirements?
You must meet specific requirements to qualify for a payday loan in Houston, TX.
Generally, you need to be at least 18 years old to apply for a cash advance loan. Some lenders may not approve your request unless you are at least 21. You’ll need to provide the following:
- Government-issued ID
- Proof of income
- Proof of address
- An active checking account
- Bank statements
What Are the Rules for Payday Loans in Houston, TX?
Reliable lenders abide by strict rules for payday loans per the city of Houston. These rules include:
- The transaction may not exceed 20% of your gross monthly income.
- The borrower may not refinance the loan more than three times.
- Agreements must be in the consumer’s language of preference, which can be English or Spanish. If the consumer cannot read, someone must read the transaction to them before they sign.
In Houston, Texas, lenders can only charge 10% interest on Payday loans. APR and credit access business fees can add to the amount you owe.
Do Payday Loan Lenders Run Credit Checks in Houston, TX?
Generally, payday loans don’t require a traditional credit check. Instead, they may ask for an automatic clearing house (ACH) authorization. This authorization allows the lender to take money directly from your bank account when your payment is due. You can revoke this authorization and it is important to understand exactly what is being asked of you before you sign. You may be charged extra fees if there is not enough money in your account when the lender goes to withdraw payment.
In other cases, the lender may perform a soft credit check in which they may look at your credit score.
Usually, this soft check does not affect your loan approval, so it counts as a no-credit-check payday loan. These payday loans are also helpful for people seeking bad credit payday loans in Houston, TX.
How Much Can I Get?
The amount you can qualify for depends on your income. Usually, the amount ranges from $100 to $1000.
When Will I Get My Money?
These loans make it easy to get your money quickly. Many lenders provide options for same-day payday loans in Houston as well as instant decision payday loans. These payday loans offer an immediate decision about whether your loan will be approved so that you can know right away if you will be able to get the money you need.
When you apply online, you can speed up the application process.
Where Can I Apply for a Payday Loan in Houston, TX?
To get a payday loan in Houston, Texas, you can apply directly to a payday loan company or use a matching service online.
At PaydaySeek, we help you find the best payday loans in Houston, TX, online. Our network of payday lenders makes it much more likely that you will get approved in a shorter time frame. Simply fill out the form on our website to get matched with a lender. The process can take as little as one minute! If you would like to apply in-person in Houston, TX, please peruse the list below to find a lender that works for you. You can also explore the map to find the lender closest to you.