Texas And Payday Loans: Get Debt Help That Works!

By Shawn Lee Martin


CashWe receive calls by so many people contacting us about Texas and payday loans every day.

These people are deep in debt to these payday loan companies and looking for any help they can find to eliminate their payday loan debt!

The number of people who use payday loans in Texas is growing daily and one out of every 8 people are using them monthly!

This is turning into a huge debt problem as more and more loans are getting taken out daily.

Many people are defaulting on multiple payday loans and collections are in full force by the loan companies!

Clients are getting threatened with legal action and worse and we can not stand by without informing them that they can get help with a simple phone call!

[Click Here To See How We Can Help You In Texas With Payday Loan Debt!

Trouble In Texas


texas and payday loansThe Texas payday loan laws are very clear and have specific rules which should make this state unique compared to other state’s payday loan laws.

The following laws apply to all lenders and borrowers of these types of loans:

  • All loans written in the state of Texas must be explained completely to the borrowers and understood
  • There is a borrowing amount limit of $1800.00
  • The lenders have no recourse to collecting defaulted payday loans. ( The companies have found a way around this, see our article Payday Loan Jail Time?
  • No multiple payday loans allowed

There are many more regulations that must be followed and they are all set up to benefit and protect the borrowers in Texas and that should be a great thing and it is for the storefront loan companies customers.

Considering the generous laws that lean towards the borrowers why are we seeing so many people from this state in trouble with defaulted payday loan debt?

Most payday loan companies abide by these laws and yet the lending and defaulting are out of control in Texas and the real reason is simple, online payday loans!

Online Loans


online payday loansThese types of loan companies do not follow any of the rules per state and can really create a large amount of trouble for the borrowers.

They will allow multiple loans and their methods of payment collections are set up for maximum profits without regard to the borrower’s well-being.

They also use some extremely aggressive collection practices that border on criminal!

Many of these companies are based either on Indian reservations or outside the USA and they can and do get away with whatever practices they choose to use.

You can find out how these online companies work and why they are so dangerous by checking out  Are Online Payday Advance Loans Safe?

Summary


If you live in Texas and are thinking about taking out a payday loan we recommend using the storefront loan companies only and avoiding the online companies at all costs.

Without proper knowledge of how the online companies work and how they take advantage of their clients you can end up in deep debt and a destroyed credit rating and bank account!

If you are from Texas or any other state and are in trouble with payday loan debt you can find help here.

Thanks for stopping by and we would love to hear from you!

Please leave any comments or questions below!!

4 thoughts on “Texas And Payday Loans: Get Debt Help That Works!”

  1. All I can say is “WOW”!!!!!!!!!!!!! I have seen these payday loan places and the title loan places. Fortunately I have never been in those and reading your post makes me not ever want to go into one of those places ever. I know that there are people out there who have no choice or rather feel that they have no other alternative. But I am sure that there has to be something else. Very informative!!!! VERY eye opening!!!!!!!

    1. Yes, it tends to be a bit of a reality check for sure!

      Thanks for stopping by and if you have any friends or relatives who are in troublw with these loans we would love to help them out!

      Shawn>>

  2. I had no idea that there is such a thing as online loan companies. Technically the correct term to describe them is more like online loan sharks. That is very scary because you never who you are dealing with. This is especially true if they use “any means necessary” to get their money back. I don’t know anyone with debts, but I have some friends who are extremely big spenders so they are border lining that. I will recommend this page to them and let them know more of what you have to say. Thanks for the tips.

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