Payday Loans in Lubbock, TX
If you’re dealing with car repair costs or emergency bills, consider taking out a payday loan. These are high-interest, short-term loans that help Lubbock residents in Texas service their sudden expenses.
AdvanceSOS provides customers with a fast and dependable way to get in touch with potential lenders. Our application process is straightforward and fair, and you’ll get a response in no time. Continue reading to learn more about our advance payday loans, the regulations surrounding them, and more.
How to Apply for a Payday Loan Online in Lubbock
Applying for payday loans is a quick and effortless process that will only take a few minutes out of your day. Simply follow these steps, and you could get a cash advance within hours:
- Visit our webpage and click the ‘Apply’ button.
- Fill out the loan application with all the required details.
- Sit tight while we look over your application and send it over to our lender network. If you’re approved, we’ll present you with several offers.
- E-sign the loan agreement.
- Wait for the deposit to go through.
What Will You Need?
Texas residents of the 806 area code need to meet several requirements to get approved for instant cash. So, make sure you provide us with the following information:
- A government-issued ID, proving you’re a resident of Lubbock and over 18.
- Social Security Number.
- A pay stub from your employer to prove you have a stable income (of at least $1,000.)
- An active checking account.
- Your contact information, such as your phone number and email address
How Much Can You Borrow?
The State of Texas doesn’t specify a limit on small loans. Meaning, applicants can get approved for loans of $50, $100, all the way to $1,000, or more. Most consumers, however, take out around $800 on average. As for our customers, they usually borrow a loan from the following range:
- 100 dollar loan
- 200 dollar loan
- 300 dollar loan
- 500 dollar loan
- 1000 dollar loan
When Will You Receive Your Funds?
AdvanceSOS only works with top-class, reliable lenders who make it a point to get your money to you as soon as possible. So, once you’re approved, you should have the quick cash within the same day. Still, we have to mention that there are always exceptions. For instance, plenty of customers apply with us after our working office hours or on non-working days. In these cases, the money transaction will go through the following business day.
APRs and Fees
The extra charges depend on the size of the loan. To get a clearer image of the additional costs, consult the list below.
- Loans under $30 have a $1 fee for every $5 a customer borrows.
- Loans that range between $30 and $100 charge 10% of the loan amount. Additionally, there’s a monthly charge of $3 if the loan is below $30.
- Cash-advances, between $35 and $70, come with a $3.50 monthly fee. If the loan is over $70, however, there’s an additional $4 monthly charge.
- Loans that exceed $100 cost $10, plus $4 a month for each $100.
Moreover, there isn’t a fixed APR for payday loans online in Lubbock, Texas. So, these fees can exceed 400%.
Regulations Surrounding Payday Loans in Lubbock, Texas
Advance payday loans in Texas come with a strict set of guidelines that need to be followed by all parties involved. This way, both the lender and the customer get protection.
Firstly, there isn’t a limit on how much you can borrow. On average, applicants borrow around $800. Regarding repayments, you can come across two different kinds of terms. The first one is for single payday loans and ranges between 14 and 31 days. Installment loans, on the other hand, can be paid off within 180 days.
Residents of Lubbock are eligible for a lot of different types of small loans. Check out these top five alternatives to payday loans in Lubbock, TX.
Bad Credit Loans
There’s no need to worry if you’re dealing with a bad credit score, as you’re still eligible for a cash advance. There are plenty of lenders that provide instant cash to applicants with no credit or bad credit. We’ll likely still run a soft check to ensure that you’re able to pay the loan off.
If you need financial help and own a vehicle, title loans could be the answer for you. These short-term loans work by the applicant securing their vehicle as collateral. During the loan term, the lender has complete ownership over the car while the borrower uses it. After the borrower pays back the money, the borrower regains complete control over the vehicle.
Those who don’t want to risk a credit check should consider taking out a no-credit-check loan. With these loans, the lender usually runs a soft check. Hence, these cause no harm to your credit score. Yet, no credit check loans have higher interest rates. You’ll also need to assure the lender that you’re able to repay within the term. This entails providing proof of income, like a recent bank statement.
Payday Loans for Unemployed
If you’re in between jobs right now, that doesn’t mean you’re not eligible for any financial help. There are plenty of lenders that consider other revenue sources, aside from employment. So, if you have an alternate income source, like government benefits or pension, you’re eligible for unemployment payday loans.
Legit Payday Loans
Payday loans in Lubbock, TX, are 100% legal. They are a convenient and reliable way to cover any unexpected expenses you might be dealing with at the moment. Even if you have a bad credit score, you could still be eligible for our offers. So, if you need a quick money advance of around $1,000, payday loans online could be a lifesaver.
ATM Locations in Lubbock, TX
|Wells Fargo ATM||7006 University Ave, Lubbock, TX 79413|
|Prosperity Bank – ATM – UMC||602 Indiana Ave, Lubbock, TX 79415|
|Wells Fargo ATM||1320 50th St, Lubbock, TX 79412|
|Wells Fargo ATM||7604 Milwaukee Ave, Lubbock, TX 79424|
|ATM||108 University Ave, Lubbock, TX 79415|
|Cardtronics ATM||602 Avenue Q, Lubbock, TX 79401|
|Cardtronics ATM||1619 50th St, Lubbock, TX 79412|
|PlainsCapital Bank ATM||1502 Avenue J, Lubbock, TX 79401|
|Cardtronics ATM||2417 82nd St, Lubbock, TX 79423|
|Cardtronics ATM||4847 Slide Rd, Lubbock, TX 79414|
|Cardtronics ATM||5206 4th St, Lubbock, TX 79416|
|Wells Fargo ATM||3405 50th St, Lubbock, TX 79413|
|Wells Fargo ATM||6313 4th St, Lubbock, TX 79416|
|Bank of America ATM (Drive-thru)||74th &, University Ave, Lubbock, TX 79423|
|PlainsCapital Bank ATM||2524 82nd St, Lubbock, TX 79423|
|Cardtronics ATM||3404 Indiana Ave, Lubbock, TX 79413|
|Shazam Atm||4515 98th St, Lubbock, TX 79424|
|Murphy ATM||1809 4th St, Lubbock, TX 79415|
|Wells Fargo ATM||3601 4th St, Lubbock, TX 79430|
|Murphy ATM||5519 4th St, Lubbock, TX 79416|
|Chase ATM||6503 82nd St, Lubbock, TX 79424|
|Cardtronics||5519 4th St, Lubbock, TX 79416|
|Murphy ATM||6313 82nd St, Lubbock, TX 79424|
|Happy State Bank ATM||2318 W 19th, Lubbock, TX 79401|
|Prosperity Bank – ATM – Covenant Hospital||3615 19th St, Lubbock, TX 79410|
|PlainsCapital Bank ATM||9802 Quaker Ave, Lubbock, TX 79424|
|Bank of America ATM||15th And, Akron Ave, Lubbock, TX 79409|
|Prosperity Bank – ATM – Briercroft||5200 Avenue Q, Lubbock, TX 79412|
|Bank of America ATM (Drive-thru)||13th &, Slide Rd, Lubbock, TX 79416|
|ATM Security State Bank||7801 Quaker Ave, Lubbock, TX 79424|
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.