Payday Loans in Lufkin, TX
Life is unpredictable, and unexpected things like a car breakdown, falling ill, or running out of cash before the end month can happen to anyone. If you need fast cash to fix such situations, what would you do? Payday loans are the perfect solution.
Texas is one of the 37 U.S. states where payday lending is legal. That means that, if you’re a resident of Lufkin, TX, you can get a payday loan to sort your financial crisis. Payday loans in Lufkin, TX, provide easy access to instant cash to everyone, including those with bad credit.
Pros of Payday Loans in Lufkin, TX
While they have a negative reputation of being the most costly type of loan, there are also benefits of borrowing payday loans. These include:
- Easy Access: Payday loans are the easiest types of loans to access.
- Simple Process: The application process for payday loans is straightforward, and you need to have only a few documents.
- Available for Borrowers with Bad Credit: Payday lenders don’t pull a hard inquiry on a credit report to advance you the cash.
- Instant Cash: Once approved for the payday loan, the lender deposits the money into your account within minutes, on the same day, or in one business day.
How to Get Payday Loans in Lufkin, TX
If you need a payday loan in Lufkin, TX, you have two main options. The first one is to visit a payday lender storefront. However, this can be time-consuming for those with no physical stores nearby.
The other option is applying online. The online option is quick and straightforward. All you need is to fill out an online form and submit it from the comfort of your home or even while on the go (provided you have a smartphone, a tablet, or a PC), and you are good to go.
The main challenge with this option is that most borrowers cannot differentiate between reputable lenders and those that are not. Fortunately, AdvanceSOS has bridged that gap. We connect you with legitimate loan companies offering payday loans.
Requirements for Payday Loans in Lufkin, TX
What do you need to apply for payday loans in Lufkin, TX? Here are a few requirements:
- Be a U.S. citizen and a resident of Lufkin, TX.
- Be 18 years and above, which is the legal age for accessing payday loans.
- Have valid documentation to verify your age, like an ID or a driver’s license.
- Possess an active checking account.
- Provide proof of your income source – If employed, bring your recent pay stubs, and if you have another income source, prove it too with bank statements or another way.
APR and Fees
The APR and other fees applicable to payday loans in Texas, vary depending on the loan amount. While there is no specified loan amount that you can get, payday loan lenders in Texas charge between $10 and $30 for every $100 borrowed.
The APR the cost of borrowing money for a year ranges between 391% and 400% in most cities in Texas. In contrast, the average APR of credit cards is only 15%. Apart from the APR, payday loans also attract other financing fees, making them the most expensive loan types.
How Can We Help?
Which loan companies are the most reliable in Texas?
Finding reputable loan companies is no small feat for most borrowers that’s where AdvanceSOS comes in. We have an interface that helps connect borrowers and lenders of payday loans in Lufkin, TX.
We’ve compiled a list of legit loan companies that you can partner with and be assured that you’ll be receiving excellent services. All you need to do is to fill out a form on our website and submit it.
A lender will get back to you and provide the loan agreement that outlines your needs and their solution. Read the fine print, and if there’s something you don’t comprehend, don’t hesitate to reach out to a financial advisor for assistance.
ATM Locations in Lufkin, TX
|Citizens National Bank ATM||805 S John Redditt Dr, Lufkin, TX 75904|
|VeraBank ITM||415 S 1st St, Lufkin, TX 75901|
|VeraBank ATM||805 S John Redditt Dr, Lufkin, TX 75904|
|ATM (Regions Bank)||221 S 2nd St, Lufkin, TX 75901|
|ATM (Regions Bank)||704 S John Redditt Dr, Lufkin, TX 75904|
|ATM (Regions Bank)||4501 S Medford Dr, Lufkin, TX 75901|
|ATM (Regions Bank)||400 N Timberland Dr, Lufkin, TX 75901|
|Polk Pick-It-Up||2215 E Denman Ave, Lufkin, TX 75901|
|ATM||541 S Chestnut St, Lufkin, TX 75901|
|HEB ATM||111 N Timberland Dr, Lufkin, TX 75901|
|ATM||732 S Timberland Dr, Lufkin, TX 75901|
|Cardtronics ATM||1000 W Frank Ave, Lufkin, TX 75904|
|Cardtronics ATM||102 N Timberland Dr, Lufkin, TX 75901|
|ATM (Polk Pick-It-Up)||1902 S 1st St|
|ATM Texas State Bank||3001 S John Redditt Dr, Lufkin, TX 75904|
|ATM||909 S Medford Dr, Lufkin, TX 75901|
|ATM||1873 W Frank Ave, Lufkin, TX 75904|
|ATM (Bancorp South)||2918 Brentwood Dr, Lufkin, TX 75901|
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.