Payday Loans in Amarillo, TX
If you’re struggling financially and need immediate cash, taking out Payday loans in Amarillo, TX, might be the solution you’re looking for. These are high-interest, short-term loans that usually range between $50 and $1,000. Whether you’re dealing with car repair costs or unexpected bills, small advance payday loans can help. Keep reading to learn about the payday loan application process, regulations, and alternative loan options.
How to Apply for a Payday Loan Online in Amarillo
Applying for payday loans in Amarillo, TX, is a straightforward and quick process you can do both in-store and online. To ease you into it, we broke down the steps:
- Head over to our site and hit the ‘Apply’ button.
- Proceed to enter all the required information in the loan application.
- We’ll notify you of your approval and present you with the options that are available to you.
- Accept the lender’s terms and conditions, and e-sign the loan agreement.
- Hold tight for the transaction to go through and the deposit to show up in your bank account.
What Will You Need?
To get approved for small loans, you need to meet several requirements. This way, our lenders know that you are trustworthy and can pay off the loan. The following documentation is required:
- To be of legal age.
- A valid, government-issued ID that proves you’re a resident of Amarillo.
- A stable income of at least $1,000 per month
- An active checking account.
- A phone number and email address to be able to contact you in case further details are needed.
- Social Security Number.
How Much Can You Borrow?
The state doesn’t specify a maximum limit on payday loans in Amarillo, TX. Yet, the average approved loan amount lies at $800. As for our clients, they usually go for a loan ranging from the following amounts:
- 100 dollar loan
- 200 dollar loan
- 300 dollar loan
- 500 dollar loan
- 1000 dollar loan
When Will You Receive Your Funds?
Usually, within a day! It all depends on when and where you applied for the loan. If you apply in-store, you’ll get an instant decision, and you can leave with the cash. The same goes for payday loans online. An exception occurs if you apply after our working hours or on a non-working day. In this case, you’ll have your cash advance the following business days.
APR and Fee
The annual percentage rate for money advances in Amarillo isn’t specified. However, it can exceed 400%.
Moreover, if you borrow less than $30, payday loans in Amarillo, TX charge $1 for each $5; if the loan is between $30 and $100, there’s a 10% charge, plus a $3 monthly fee. If your loan is larger than $100, the extra charges are $10 for each $100 borrowed, plus $4 per month.
Regulations Surrounding Payday Loans in Amarillo
Applicants from Amarillo can borrow anywhere from $50 to over $1,000. There’s no maximum limit on small loans. Yet, on average, customers take out loans of around $800.
Moreover, there are two different loan terms you need to be aware of. If you take out a single payday loan, you must pay it off between 14 and 31 days. On the other hand, you can pay off installment loans within six months.
Texas law doesn’t specify a cooling-off period nor how many outstanding loans you can have. There are also no restrictions on the number of rollovers. Furthermore, lenders are banned from dividing one quick cash loan into two. This way, borrowers get protection from higher interest fees.
Residents of the 806 code get access to a surplus of quick cash loans. Meaning, there’s more than one way to get your hands on advance payday loans. Check out these alternatives to payday loans in Amarillo, TX.
Bad Credit Loans
Having a bad credit score doesn’t prevent you from borrowing some instant cash. Plenty of our short-term lenders don’t perform a credit check on prospective borrowers. However, the customer must assure the lender that they’re able to repay. To do this, you need to provide proof of income, like a recent bank statement or a pay stub from your employer.
Title loans can act as a great cash advance to hold you over until your next paycheck arrives. These loans can go up to $5,000. To be eligible for this type of loan, you need to own a vehicle that you can use as collateral. During the loan term, the borrower can still use the car. After you pay off the loan, the lender relinquishes ownership of the vehicle, and you get it back.
No Credit Check Loans
If you need a quick financial advance, but you’re afraid to harm your credit score, consider taking out a no-credit-check loan. Most of the time, lenders will perform a soft check on you. Additionally, you’ll need to provide proof of income to assure the creditor you can repay the loan.
Payday Loans for Unemployed
If you are in between jobs, applying for a bank loan seems impossible. However, if you still have some income, you’re eligible for unemployment. Some payday loan lenders in Amarillo consider other revenue sources, like government benefits, retirement, or pension. Additionally, lenders only provide these quick cash loans to applicants with a good credit score.
Legit Payday Loans
In the State of Texas, payday loans are completely legal. These short-term loans could be of great help if you need a small sum of around $1,000 immediately. So, if you urgently need to pay off some unexpected bills, consider taking out payday loans in Amarillo, TX.
They’re also available to applicants that have bad credit. Yet, it’s important to note that they come with stricter terms and higher interest rates.
ATM Locations in Amarillo, TX
|Wells Fargo ATM||1921 S Georgia St, Amarillo, TX 79109|
|ANB ATM||Amarillo, TX 79109|
|Cardtronics ATM||8201 I-40 W, Amarillo, TX 79121|
|Wells Fargo ATM||3450 NE 24th Ave, Amarillo, TX 79107|
|ATM||801 N Taylor St, Amarillo, TX 79107|
|Amarillo National Bank ATM||3415 Bell St, Amarillo, TX 79109|
|Cardtronics ATM||2205 SE 34th Ave, Amarillo, TX 79103|
|ATM (Tootn Totum)||3429 Bell St, Amarillo, TX 79109|
|Cardtronics ATM||3220 Bell St, Amarillo, TX 79109|
|Happy State Bank ATM||3375 E I-40, Amarillo, TX 79104|
|Cardtronics ATM||1600 S Western St, Amarillo, TX 79106|
|Cardtronics ATM||1619 N Grand St, Amarillo, TX 79107|
|Cardtronics ATM||5921 Hillside Rd, Amarillo, TX 79109|
|Cardtronics ATM||2601 S Georgia St, Amarillo, TX 79109|
|ATM||4140 Coulter St S, Amarillo, TX 79109|
|Cardtronics ATM||4504 S Western St, Amarillo, TX 79109|
|Bank of America ATM||7701 I-40 W, Amarillo, TX 79121|
|Happy State Bank ATM||2700 I-40 W, Amarillo, TX 79102|
|Amarillo National Bank ATM||3365 Bell St, Amarillo, TX 79106|
|Wells Fargo ATM||2000 S Washington St, Amarillo, TX 79109|
|Amarillo National Bank ATM||3507 NE 24th Ave, Amarillo, TX 79107|
|Bank of America ATM (Drive-thru)||3509 Interstate 40 Access Rd, Amarillo, TX 79104|
|Cardtronics||2109 S Western St, Amarillo, TX 79106|
|Happy State Bank ATM||701 S Buchanan St, Amarillo, TX 79101|
|Happy State Bank ATM||1600 E Amarillo Blvd, Amarillo, TX 79107|
|Bank of America ATM (Drive-thru)||500 S Tyler St, Amarillo, TX 79101|
|ANB ATM||1500 S Washington St, Amarillo, TX 79102|
|Cardtronics ATM||5709 W Amarillo Blvd, Amarillo, TX 79106|
|Happy State Bank ATM||5811 S Western St, Amarillo, TX 79110|
|Wells Fargo ATM||5512 Gem Lake Rd, Amarillo, TX 79106|
Amanda is a senior writer at AdvanceSOS. She has more than six years of journalism experience, mostly in the finance sector. She graduated with a Bachelor’s Degree from Drew University.