Payday Loans in Vidor tx (2024)

FAQs

What is the app that will loan you $250 until payday? ›

Payday loans are dead.

Payday loans were usually for one or two months. But you'll struggle to find them these days, as most lenders don't offer them now. Most people looked for payday loans online because they're convenient. Drafty is just as convenient as any payday lender and A LOT cheaper.

ACE Cash Express offers payday loans in Texas from $100 - $1,500. If approved, the amount you may borrow will depend upon your income and standard underwriting criteria.

If you're living paycheck to paycheck, cash advance apps are a tempting solution to short-term money problems like rent, car trouble or any other financial emergency that demands a cash solution. Cash advance apps – also called payday advance apps – allow you to borrow money in advance of your paycheck.

Lolly acts as a mediator in the payday loan market, connecting borrowers with potential lenders. The platform is designed to streamline the loan application process, providing users with quick decisions and, if approved, fast access to funds.

According to the National Conference of State Legislatures, six states and the District of Columbia now ban payday lending outright, while other states have kept it legal but instituted some protections for borrowers.

What is the easiest loan to get approved for? The easiest types of loans to get approved for don't require a credit check and include payday loans, car title loans and pawnshop loans — but they're also highly predatory due to outrageously high interest rates and fees.

Who is the best to borrow money from? ›

Cash advance apps offer a limited borrowing limit and can be untrustworthy if it's not well-reputed. Although easily accessible and quick, payday loans carry hefty fees and high interest rates. Their short-term nature can trap you in a cycle of debt if not repaid promptly.

Under Texas laws, the statute of limitations on payday loans is 4 years. This means that if you default, the lender has 4 years to sue you for the balance. If they don't initiate a lawsuit within this period, they can't sue you at all.

You're eligible for a cash-out refinance in Texas only when you've had your existing mortgage loan for at least six months. Also, you can't get a new cash-out refi unless it's been a year since your last one. Waiting times after foreclosure, bankruptcy, or short sale.

Under Texas law, payday lenders must hold a valid license and adhere to the following restrictions: The maximum loan amount is 20% of the borrower's gross monthly income. Payday loans cannot be rolled over more than three times.

Brigit is yet another cash advance app that's similar to Dave and EarnIn. It lets you borrow up to $250 in a pay period with its Instant Cash feature. There's no tip or fee, but you need to pay for a Brigit plan to unlock cash advances. Brigit Plus starts at $8.99 per month.

Cash App Loan Basics

Cash App allows eligible users the ability to borrow up to $200 through the app, which must be paid back within four weeks along with a flat 5% fee on the loan. Failure to repay the loan will incur a 1.25% late fee each week until the amount is repaid.