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Frequently Asked Questions

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Payday Loans Texas specialise in helping you to find an online payday loan to suit your needs. Payday Loans Texas is not a payday lender, and you will never pay any fees to us. When you complete our online form, we will pass your details on to the trusted online payday lenders that we work in partnership with. These lenders will use the information you submit to us to decide how much they are able to lend to you and the terms under which they are willing to do so. It’s important that you read these terms carefully, as each lender will have different terms and you should always be aware of the details before entering into any legal or financial agreement.

We understand that many of our customers will have questions, so we have created this list of the most frequently asked questions. If you have questions that we have not addressed here, please let us know. Our customer service team are available via email and will be happy to answer any questions you may have.

If your question relates to your specific loan offer, for example if it is about the payment of your loan or if need to discuss your repayments, please talk to your lender directly. Payday Loans Texas are only here to introduce you to your lender and have no control over the terms or administration of your loan.

Q 1. What is the difference between a payday loan and a cash advance?

There is no difference between a ‘payday loan’ and a ‘cash advance’ and the two terms can be used interchangeably. They are very short duration loans aimed at helping customers to deal with a sudden or unexpected cash flow problem, such as that caused by an auto repair bill or similar. These loans are usually for between $100 and $1000 and they are usually repaid on your next payday, although the exact terms can vary between lenders.

Q 2. Am I eligible for an online payday loan?

In order for you to be eligible for an online payday loan, you will need to be able to answer yes to the following questions

  • Are you currently employed?
  • Have you been in your current job for at least the last 90 days?
  • Are you over 18 years of age?
  • Are a United States citizen or do you have permanent residency?
  • Is your salary in excess of $1000 per month, after tax?
  • Do you have valid contact details, including an email address and both work and home telephone numbers?
Q 3. How much money can I borrow in an online payday loan?
The normal amounts available in an online payday loan are between $100 and $1000. Individual lenders may only offer specific amounts, based on the information you have provided to us.
Q 4. Is the money transferred directly into my bank account?
OYes. Once your lender has approved your loan and you have accepted the terms and conditions, they will be able to transfer the funds to your checking account.

Q 5. Can I access an online payday loan even if I have been declared bankrupt or have a poor credit rating?
Most of our online payday loan lenders are willing to lend to people with a poor credit history. This means that you will still be able to access a loan even if you have serious credit problems, up to and including bankruptcy.

Q 6. How long will I need to wait to access my loan?
Once you have spent a few minutes completing our simple form, you will need to wait for a short period whilst the lenders verify the information you have given us. Our lenders work as quickly as they can and most of our customers receive their money within 24 hours. If there is a problem verifying your information, this might be slightly delayed, but you should expect to wait no more than two working days for your money.

Q 7. Can the whole process be completed online?
Although this is an online process, some lenders may ask you to fax them copies of your bank statement or your pay stub. If you do not have access to a fax machine yourself, there are an assortment of different organisations who offer fax services in your area. Alternatively, some of our lenders may be able to arrange for online copies to be acceptable. You may also wish to have access to a printer to keep a copy of your loan agreement for your records.

Q 8. How much will my online payday loan cost?

Payday loans Texas will never charge you for using our services. The overall cost of your online payday loan will depend on the terms and conditions of the lender you choose. You will always be informed about the relevant costs before you finalise your loan, but please consider how you will make your repayments before you proceed. Payday loans are not designed for longer term lending and can prove very expensive if late payment fees or charges are incurred.

Q 9. Am I able to have multiple online payday loans at one time?
Some states place restrictions on the number of payday loans you are able to have at any one time, but this is not universal. Most people are able to access a payday loan even if they already have one outstanding, but it is essential that your lender is made aware of your existing loan during the application process.

Q 10. How do the loan repayments work?

Most of our lenders offer you the option to have the repayments taken directly from your checking account. This can be a good idea, as it means that you do not accidently forget to repay your loan and suffer late payment charges as a result. If you have made this form of arrangement, it is possible to arrange an extension with your lender before the payment due date is reached, although this will usually involve an additional fee.

Q 11. What is the policy regarding late payments?
Payday Loans Texas is not a lender, so we have no influence over the late payment policies of any of the lenders in our network. You will have been provided with the full terms and conditions relating to your loan before signing the agreement, so the best way to be sure is to read those carefully. Some states also have regulations as to the maximum lenders can charge in late fees and charges.

Q 12. Is my personal data secure?
Payday Loans Texas take your privacy and safety very seriously, meaning that we use the highest levels of data security and encryption. If you have any questions regarding our data security policies, more details can be found in our privacy policy.

Q 13. How soon am I able to access another online payday loan?
We usually require that borrowers wait for 2 hours before they resubmit their information to find another loan. If you have been approved for a loan already, you will need to disclose this on your application form or in discussions with your new lender, even if you have not yet received your money.

Q 14. Is it possible to obtain and extension on my payday loan? What if I need more than one extension?

When discussing payday loans and cash advances, an extension is more commonly referred to as a rollover. Different states have differing regulations on rollovers of payday loans, as some allow unlimited rollovers and others do not permit any. If you have questions about getting a rollover, or if you are having trouble repaying your debt, it is essential that you contact your lender immediately. All of your lenders are experienced in helping clients who are struggling to repay their loans and are happy to discuss your options. The earlier you make the call, the easier it is to resolve your difficulties and making the request after your loan is due will usually result in higher fees and possibly in the full sum becoming due immediately.

Q 15. Are there consequences if I can’t replay my loan?
When you take out an online payday loan, you are entering into a binding legal contract. This means that your lender is entitled to pursue their claim legally. This could include additional costs for you and even criminal charges if the situation goes badly. If you are struggling to repay your debt, we urge you to contact your lender immediately to discuss your difficulties.