Legal Status: Legal
Citation: 7 Tex. Admin. Code § 83.604; 4 Tex. Fin. Code §§ 342.251 et seq. and §§ 342.601 et seq.
Texas State Licensed Online Lenders:
CashCentral.com, ChecknGo.com, SpeedyCash.com
Maximum Loan Amount:Not Specified
Loan Term:7-31 days
Maximum Finance Rate and Fees: May not exceed rates authorized in Tex. Fin. Code §§ 342.251-342.259. 7 Tex. Admin Code § 83.604 provides a chart stating that maximum APRs for payday loans range from 83.43% for a 30-day, $350 loan to 569.92% for a 7-day, $100 loan.
Finance Charge for 14-day $100 loan: $11.87
APR for 14-day $100 loan: 309.47%
Collection Fees:Not Specified
Criminal Action:Not Specified
Regulator: Not Specified
Address: 2601 N. Lamar Blvd., Austin, TX 78705
Texas Office of the Consumer Credit Commissioner
Search for Licensee
Consumer Complaint Resolution Process
Deferred Presentment Transactions
Texas Response to Predatory Lending Practices
The table below will display a representation of different loans with an annual interest rate of 35%*. Interest rates are set after assessing each customer's credit worthiness through traditional credit checks.
|Borrowed Amount||Loan Period||Monthly Payments||Total Payable Amount|
* The interest rate displayed in the examples table above is only representative. Not all customers will be eligible for a loan with the lowest interest rate. The APR and loan amount is determined by several factors such as: credit history, employment history, even state law.