Best Payday Loan Lenders in Texas

Payday loans were illegal in Texas until the early 1990s and remained relatively unpopular until the turn of the millennium. One legal loophole was all it took to change that. Between 2004 and 2011, Texas payday loans experienced a boom, and in 2016, the state accounted for 23% (1st place) of the total US payday loan market.

Recently, winds have been changing again, with cities adopting their own regulations, making for a pretty exciting payday lending scene. To help you stay away from lenders with lone-star reviews, we selected the most reliable and law-abiding vendors, so keep on reading to learn more about them.

Best Payday Loans Providers in Texas

Advance America

Advance America

Money today, momentum tomorrow.

One of the industry pioneers, Advance America has been in business since 1997. With over 1,400 physical stores across the continent and millions of clients served, Advance America offers some of the top payday loans on the market. They run a full-disclosure, no-nonsense kind of business where the customer always comes first.

Available in: AL, CA, CO, DE, FL, ID, IL, IN, IA, KS, KY, LA, MI, MS, MO, NE, NV, OH, OK, RI, SC, TN, TX, UT, VA, WA, WI, WY

Loan amount: Up to $1,000 (some states have a lower cap)

Loan term: 2-4 weeks

APR: Depends on the loan term (231-495%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Check into Cash Logo

Check into Cash

Your One Stop Money Shop

A true trailblazer, Check into Cash is among the best payday loans providers out there. The company was established in 1993, and they operate over 800 stores across 20 states. It is a well-established brand with numerous storefronts, which is quite reassuring to many customers. On the downside, they do run credit checks on new customers.

Available in: AL, AK, CA, DE, FL, HI, ID, IN, KS, MS, MO, NV, OK, OR, TN, TX, UT, WA, WI, and WY

Loan amount: $50-$1,000 (some states might have a lower cap)

Loan term: 14-30 days

APR: Depends on the loan term (261-782%)

Min. credit score: 300

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

ACE Cash Express Logo

ACE Cash Express

Empowering your financial success since 1968

ACE Cash Express was established in 1968 making them a household name in their niche. This company offers reliable online payday loans as well as in-store loans. Speaking of which, they run over 920 stores in 13 states. School of Ace is an interesting feature on their website that aims to help you manage your finances better.

Available in: CA, FL, ID, IN, KS, LA, MN, MO, OR, SC, TN, TX, VA

Loan amount: $50-$1,500 (some states might have a lower cap)

Loan term: 9-35 days

APR: Depends on the loan term (231-661%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Lend Nation Logo

Lend Nation

CASH WHEN AND HOW YOU NEED IT

Lend Nation is a brand with a longstanding tradition. The company was founded in 1990, and they have been providing excellent service ever since. With over 20 brick-and-mortar stores across the US, this brand has nationwide availability. What’s more, this vendor provides online cash advances, strengthening their already excellent offer.

Loan amount range: $50 to $1,000

Loan term: 7 to 30 days

APR: 651.78% for a 14-day loan

Min. credit score: N/A

Fees: Not indicated

Approval time: Almost instant

Funds available in: Same or next business day

Number of Idaho stores: 16

Online application: Yes

24/7 open: No

CashNetUSA Logo

CashNetUSA

With CashNetUSA, money’s on the way!

If you’re looking for a well-established company with long traditions and excellent reviews, then look no further. CashNetUSA has been in business since 2004, and they’ve partnered with more than four million customers across 18 states. They offer one of the best-rated payday loans in the industry.

Available in: AL, AK, CA, FL, HI, ME, MI, MN, NV, ND, OH, OK, OR, SD, TN, TX, WY

Loan amount: $100-$1,500 for first-time customers (some states have a lower cap)

Loan term: 14-35 days

APR: Depends on the loan term (208-520%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same business day if approved

Online application: Yes

Texas Payday Loans Laws

Payday loans were illegal in Texas until the early 1990s and strictly regulated before 2001. In that year, payday lenders found a legal loophole that allowed them to register as “credit services organizations”. This change effectively made the state’s payday loan regulations null and void, allowing lenders to charge astronomical fees. Texas was even dubbed the “Wild West” of payday loans, which was a clear signal that something had to change. This adjustment came in the form of Lending City Ordinance, which imposed stricter regulations than the state law. Forty-five cities across the state adopted these new Texas payday loans regulations.

State Law

City Ordinance

Payday Loan Requirements in Texas

Payday loans wouldn’t be so popular if they were too hard to acquire. These are the requirements:

Bad Credit Payday Loans in Texas

Bad credit isn’t an issue since payday loans are usually marketed towards people with no credit history or a bad credit score.

Failing to Repay a Payday Loan in Texas

Failing to repay a payday loan is a civil matter, so borrowers cannot go to jail. Some lenders might threaten you with imprisonment as a scare tactic, but don’t be fooled. Secondly, Texas state law prohibits wage garnishments for payday loans; however, your bank account might get frozen. Creditors, however, can file a civil lawsuit if the customer repeatedly fails to repay the debt. This can, unfortunately, lead to a seizure of assets.

Reviews of the Best Payday Loans in Texas

Advance America

With 126 storefronts throughout the Lone Star State, Advance America is leading the charge in terms of accessibility. Alternatively, if you prefer modern comforts, they offer online loans as well. Advance America obtained a new license from the Office of Consumer Credit Commissioner (OCCC) in July 2014.

Pros

Cons

Lending Offer Overview

Advance America is among the most accessible brands in Texas. They’ve been doing business here since 2002 and know how to meet their customers’ needs. The company’s offer falls in line with the industry standard, and this is what it looks like — the loan term is between 14 and 30 days on average, with possible extensions. Speaking of loan amounts, they are higher than usual, varying from $100 to $1,800. The Texas payday loans offered by Advance America are more expensive than the national average, with the APR ranging between 316% and 664%. The borrowers can decide between a bi-weekly and a monthly repayment cycle. The fees are also hefty since customers are expected to pay $25 for each $100 they borrow. Texas state law allows for unlimited rollovers. However, certain cities have capped them at three per loan.

Other Features

Advance America is all about its customer’s convenience. Borrowers can apply in three ways — in-store, online, or over the phone. Regardless of the option they choose, the process doesn’t last more than five minutes. Their excellent customer support only adds to the already outstanding client experience. What truly makes them stand out as one of the best payday loans in Texas is their “giving back” initiative. Through this project, they support both local and national non-profit organizations and charities.

Check into Cash

Check into Cash is another big player in the Texas market. They have 49 stores across the state, and their offer includes online payday loans. Check into Cash obtained a new license from Ohio’s Department of Commerce in April 2020.

Pros

Cons

Lending Offer Overview

Check into Cash is another widely available lender that grants payday loans online in Texas. Their terms and fees are comparable to the industry’s standard. Generally speaking, customers can expect rates from 661% to 664% (in-store vs. online) on 14-day terms. Repayment will be due in 14 days or on your next payday. However, according to Texas law, it can be extended up to 180 days. Loan amounts vary from $100 to $800 in-store, while online loans go from $100 to $900. Rollovers are virtually unregulated by state law, and borrowers should be careful not to fail into a debt trap. However, many cities in Texas have adopted stricter regulations, which diminish the possibility of such dire outcomes.

Other Features

Same-day Texas payday loans are available for in-store applicants, while online customers will have to wait up to 48 business hours. Both regular and online processes are quite simple and can be completed in a matter of minutes. Check into Cash developed a smartphone app, available for Android and iOS, which allows customers to manage their funds while out and about. Their outstanding customer support is just a phone call away. However, if you prefer, they offer online assistance as well.

ACE Cash Express

One of the first payday lenders to come to Texas, ACE Cash Express can be rightfully proclaimed an industry leader. With this owner, Texas online payday loans are available in addition to in-store ones. The Office of Consumer Credit Commissioner (OCCC) renewed ACE’s license in September 2019.

Pros

Cons

Lending Offer Overview

ACE Cash Express has an image to uphold, meaning they have to do everything by the book. The terms and fees follow the general guidelines of the Texan legislature. Overall, customers will have to repay their loan in 14-30 days, while the APR for a two-week loan is fixed at 660%. The loan amount ranges from $100 to $1,500. Borrowers can pay back online or choose to do so in-store. If a debtor fails to repay a loan on time, they will be eligible for a payment plan once every 12 months. This brand allows early repayment without any additional fees. Texas payday loans laws allow for unlimited rollovers. Therefore, customers should be cautious of falling into a debt spiral.

Other Features

Wanting to accommodate its customers, ACE made the application process quick and straightforward. Borrowers will be able to complete both in-store and online applications in the blink of an eye. The main difference between these two loan types is the deposit time. In-store applicants can access their funds almost instantly, while the customers who opt for an online loan will have to wait up to 24 business hours. ACE Cash Express offers superb customer support by phone, through email, or in person.

LendUp

LendUp offers exclusively online payday loans in Texas. Despite the lack of storefronts, they’re still one of the best lenders in the state. This is exemplified in their A+ Better Business Bureau rating, as well as in excellent user reviews on Trustpilot. LendUp has been licensed by The Office of Consumer Credit Commissioner (OCCC) since 2013.

Pros

Cons

Lending Offer Overview

LendUp has one of the more, if not the most affordable, offers on the Texan market. Customers can repay their loans on the next payday or up to 35 days after receiving the deposit. Initially, you can borrow $300 at the most. However, repeat borrowers, as they ascend the LendUp Ladder, can increase this amount by $100. The company has four repayment options on the menu — via checking account, debit card, MoneyGram, and check. Customers can also repay their debt prior to the due date without incurring additional fees. LendUp’s APR is lower than that of the competition, ranging from 270% to 458%. This brand truly belongs among the best Texas payday loan companies.

Other Features

LendUp offers a secure application process and cutting-edge encryption, ensuring the privacy and safety of your data. Borrowers have 24/7 access to their accounts and funds via smartphones or tablets. One unique feature is that repeat customers can collect points by repaying their loans on time or by taking part in LendUp’s free financial education courses. One of the main benefits of these points is that customers can apply for larger loans at lower rates. The most committed and devoted customers that reach the Platinum level can even improve their credit score. These features make LendUp one of the top-choice online payday loans for Texas residents.

Lend Nation

While Lend Nation isn’t as widespread as some of their rivals, they’re still able to compete on even ground. They have 13 stores throughout Texas and offer online loans to boot. Lend Nation obtained their license from The Office of Consumer Credit Commissioner (OCCC) in 2013.

Pros

Cons

Lending Offer Overview

Lend Nation has a straightforward goal — to provide simple and convenient access to cash. Their offer is nothing out of the ordinary since they abide by Texas payday loans regulations. Your loan will be due in 14 to 30 days but can be refinanced multiple times. Even though this might sound appealing, customers should know that renewing a loan incurs additional fees. The interest rate for a 14-day loan is fixed at 664%, meaning that customers pay $25 for each $100 received. Borrowers can loan as little as $50, while the upper limit is $1,000. Customers should be aware of the disparity between state and city laws. If the city ordinance is in effect in your neck of the woods, some of these regulations might be even more favorable.

Other Features

A noteworthy feature that distinguishes Lend Nation from the competition is multi-pay payday loans. The main difference is that customers pay the loan off over a longer period of time. The repayment term can be up to six months, with no additional fees for paying it off early. These Texas payday loans online and in-store also have a lower-than-average APR. Additionally, Lend Nation promises to treat their customers in a way they would want to be treated. This type of approach translates into excellent customer support.

CashNetUSA

CashNetUSA is an exemplary company with extensive experience. They’ve been in business for 16 years and nowadays offer online loans in Texas. Despite the lack of storefronts, their offer is among the best in the industry. This brand has been licensed by The Office of Consumer Credit Commissioner (OCCC) since 2012.

Pros

Cons

Lending Offer Overview

CashNetUSA is a well-known industry veteran with an offer that matches or even surpasses the competition, so it’s no wonder they offer some of the best online payday loans. The firm’s Texas online payday loans should be repaid on your next payday, or 14 to 35 days after the loan was issued. Customers who apply early can expect a same-day deposit — a relatively uncommon yet favorable feature. Speaking of deposits, you can borrow anywhere from $100 to a more substantial sum of $1,800. Borrowers will need to pay $25 for each $100 they receive plus a 10% interest, which translates into an APR of 664% for a two-week loan. In case you need more time to pay off the loan, CashNetUSA allows for a due date extension of up to four times. A word to the wise, this means you’ll have to pay additional fees.

Other Features

As previously mentioned, a standout feature CashNetUSA offers are same-day online Texas payday loans with no credit check for customers who apply before 10:30. Borrowers will have no issues with filling out the application form, and the majority of requests are approved instantly. These loans won’t impact your FICO® score since this brand uses different methods to check your credit score. CashNetUSA provides free financial courses and tools to their customers even after they’ve paid off their debt.

CAB Payday Loans in Texas

What is a CAB?

In Texas, the majority of big brands operate as Credit Access Businesses, meaning that loans are provided through third-party lenders. However, your loan will still be processed from application to repayment by the company you chose.

What are the CAB fees?

Since payday lenders don’t directly fund your loans in Texas, they charge this fee for arranging the transaction. These fees usually range between $5 and $7.5 and help keep your loan in good standing with the chosen lender.

FAQ

Can you go to jail for a payday loan in Texas?

Failing to repay a loan is not a criminal offense, meaning that borrowers cannot be imprisoned. There were instances, however, where lenders tried to file a criminal lawsuit against their customers. Texans should be aware that this is illegal and should be reported.

Are payday loans legal in Texas?

Yes, Texas payday loans most certainly are legal.

How long can a payday loan be collected in Texas?

Customers are expected to pay the loan off in 35 days. However, the term can be extended to 180 days. Debtors will typically be offered a repayment plan after four extensions. If your area operates under state law rather than city ordinance, the number of rollovers is unlimited.

Conclusion

While Texas might’ve been “The Wild West” of payday loans in the past, things have changed for the better. In 2020, all the major cities adopted stricter regulations, aiming to improve customer satisfaction and safety. The companies on our list of Texas payday loans are all excellent and law-abiding, so you won’t make a wrong choice regardless of your decision.

Remember to always borrow responsibly and never take out more cash than you can reasonably pay back.

Your BalancingEverything Team

References:

AdvanceAmerica

CheckIntoCash

ACE

LendUp

LendNation

CashNetUSA

StateLaws

NCSL

TexasAttorneyGeneral

Amplify

TexasTribune

Dmagazine

HuffPost

TexasStateInfo

AustinMonitor

EreferenceTexas