Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
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Houston is one of a handful of Texas cities that has its own regulations on payday loans — in addition to state law. But with few restrictions on fees, don’t be surprised if it gets expensive.
You can. However, Houston is one of a number of Texas cities that has additional regulations on top of Texas state law. Here’s what you can expect in Houston:
On top of this, you also can’t refinance ore renew a loan more than three times. After that, you can’t take out another loan within seven days of paying off your loan.
In addition to payday loans, you can also get an installment loan or a title loan.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Though it varies by lender, you have to meet these eligibility criteria to get a payday loan in Houston:
To complete the application successfully you’ll also typically have to provide some basic personal information, including:
Since Houston doesn’t have any restrictions on payday loan fees, they can be extremely expensive — think APRs from 200% to 500%. And with the option to renew your loan up to three times, these costs can start to add up fast if you can’t pay it back on time.
There are two costs you need to consider when getting a cash advance in Houston: Interest and fees. Texas state law caps interest rates at 10% but doesn’t limit how much a lender can charge in fees. Houston doesn’t have any city laws limiting interest or fees.
Without limits on fees, the limit on interest doesn’t do much to protect borrowers from high APRs, which takes both interest and fees into account. How much you pay depends on your lender but triple-digit APRs are generally the norm.
Check out our guide on the differences between mortgage brokers and bank loan officers. See which one will suit your needs.
Here’s where to get financial help for yourself and your business if you’ve been affected by the storm in February 2021.
The White House announced new changes to PPP loans, helping the smallest businesses and opening access to people with student loan defaults or nonfraudulent felony convictions.
While you can get started on your loan application today — you’ll still need to wait for funding.
Wise Loan may be an expensive choice, but it’s upfront about its costs.
This connection service is transparent about rates — but asks for lots of personal information before you know where it’s going.
You won’t be able to apply for a new loan unless you’re a returning customer.
Welcoming extended family or friends to live in your home is fine with your home insurer, but you might need to tweak a few coverage types.
Just because you can get a loan without proof of income doesn’t mean you should.
Only five companies will handle repayments on one centralized platform. Here’s what you need to know.
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