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Short-term loans in Laredo, Texas

Texas has a number of regulations, but will it affect how much your short-term loan costs?


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Payday loans are often one of the few tools a person with less-than-perfect credit can use to get ahead of bills. Laredo doesn’t have any special ordinances that further restrict lenders. It means you may have more options than in other cities, but you may also have a tough time repaying your loan — especially if you don’t know how much your lender can charge.

Can I get a payday loan in Laredo, Texas?

Yes, payday loans are legal in all of Texas under a series of financial codes, namely Texas Financial Code Ann. §§342.251 et seq. These regulations apply to lenders that operate physical storefronts and online, and also requires lenders to be licensed and to clearly state your loan terms before you sign any documents.

However, unlike many cities throughout Texas, Laredo doesn’t have any specific ordinances that further protect borrowers. This means that lenders are only required to follow state laws, and this might lead to them taking advantage of loopholes to charge you more. When you want to borrow, compare multiple lenders to be sure you’re getting the best rate — and not paying too much in fees.

Most lenders operate under as a Credit Access Bureau (CAB). Texas doesn’t set a cap on the fees a CAB can charge, although the interest a lender can charge is set at 10%. Your loan term must be at least seven days, and in most cases, won’t last more than 180 days.

Consider these lenders for a short-term loan in Laredo

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
CreditLend connection service
Varies by lender
Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief
Find a line of credit — even if you don't have a perfect score.
Check Into Cash Payday Loan
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.

Compare up to 4 providers

What do I need to apply?

At minimum, lenders require you to have a steady source of income, be a US citizen or permanent resident and be at least 18 to borrow a short-term loan. When you apply, you’ll also need to provide some information about yourself. While the specifics vary between lenders, you can expect to supply information about

  • Your name, address, email and phone number
  • Your date of birth, Social Security number and your state-issued ID
  • Your employer’s name, address and phone number
  • Your income, pay frequency and checking account details

Where to find short-term loan locations in Laredo

Short-term loan locations near me in Laredo, TX

Here are a few stores you can visit if you want to apply for a short-term loan in person.

  • ACE Cash Express. 3502 San Bernardo Ave, Laredo, TX 78041
  • Advance America. 502 W Calton Rd #204, Laredo, TX 78041
  • Approved Money Center. 201 W Del Mar Blvd #20, Laredo, TX 78041
  • Atlas Credit Co., Inc. 604 W Calton Rd #A, Laredo, TX 78041
  • Check ‘n Go. 7807 Mcpherson Rd Ste 202, Laredo, TX 78045
  • Fast and Easy Payday Loans. 602 Lafayette St, Laredo, TX 78041
  • Speedy Cash. 2119 E Saunders St, Laredo, TX 78041
  • Star Loans of Texas. 2108 Chihuahua St # 5, Laredo, TX 78043
  • Texas Car Title & Payday Loan Services, Inc. 4301 McPherson Rd, Laredo, TX 78041
  • Western-Shamrock Finance. 4501 McPherson Rd, Suite 15 A, Laredo, TX 78041

Must read: Be cautious of limited state regulations

Texas may have a long series of regulations for payday loans, but most lenders use the Credit Access Bureau clause to avoid the cap on interest and charge borrowers extremely high fees for borrowing. Laredo is one of the many cities throughout Texas that doesn’t have any ordinances in place to help protect borrowers, which means you may face an expensive loan that can be difficult to repay.

If you decide to borrow, carefully read your loan contract so you fully understand what types of fees your lender will charge you and how long you have to repay your loan. And before you borrow, you might want to consider a short-term loan alternative to see if there are other options that might work better for you.

Bottom line

Payday loans in Laredo may fall under Texas regulations regarding short-term loans, but you’ll still have to read any documentation you’re given to be sure you know your loan terms. And with no ordinances in place, it may be more difficult to repay your loan than in larger cities like Houston or San Antonio.

When you’re ready to borrow, read our guide to payday loans to get a full idea of the borrowing process.

Frequently asked questions

Where else are payday loans available?

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