Texas is a big state, with many large cities. There are always going to be different city ordinances in play when it comes to getting an online payday loan in Houston, Dallas or San Antonio for that matter. Ultimately though, payday loans in Texas are regulated by the State government. Things may change over the next few months as their promises to be increased federal regulations of payday loans but there’s nothing new right now. One thing to keep in mind is the fact that Texas payday loans should be viewed as a last resort. As with other types of short term funding, you’re going to have a loan with a high interest rate and there are many better funding options if you have them available to you. We recently wrote about what your options are and how to avoid applying for Texas payday loans if you can!

There are numerous companies that offer online payday loans in Texas. We’ve counted over 600 in the Houston metro area and at least 300 in San Antonio alone! Now, some of these direct payday lenders share the same company. texas online loan options For example, Ace Cash Express has dozens of retail locations in Dallas and Houston. Many of these direct payday lenders offer loans online as well. One thing to remember when applying for an online payday loan in Texas is that the laws are going to apply to online companies just the same as retail locations. So if you live in Houston, you can apply for a direct payday loan at a local retail location or you can apply for a payday loan online. In most cases that involve online payday loans, there should be no difference in how these lenders are regulated. Unfortunately, it’s not that easy. Many online payday lenders that offer loans to consumers in Texas are not based in Texas. Some lenders aren’t even based in the United States. This makes it very difficult for the state of Texas or even the local jurisdictions of Houston, San Antonio or Dallas to regulate them. All too often we see someone in Texas apply for a payday loan with an offshore lender. While this may work out for the consumer, we know that most offshore lenders are going to have higher interest rates and more rules that exploit loopholes than lenders who are based in Texas. Just recently we spoke to a consumer in Dallas, Texas who applied for a payday loan online with a company that was based outside the United States. Let’s just say that it didn’t work out well for the consumer.

Texas as a state has many freedoms, but with those freedoms come more opportunities for online payday lenders to take advantage of consumers who don’t know any better. While it’s good that consumers have options to get a short term loan, we don’t want to see them worse off than they were just a while earlier. In order to find a direct payday lender that offers loans in Dallas, San Antonio or Houston you may want to check out our database of online payday lenders in Texas. We update our list at least once a week and we try to make sure that the lenders we list are still operating and offering loans in Texas. As always, we recommend that you shop around for the best deal on Texas payday loans. This includes the best rate as well as loan terms. On that note, you may also want to check out what the current rules are regarding online payday loans in your specific city. For example, Dallas has restrictions in place that says any Dallas resident who applies for a payday loan must not exceed their monthly income by 20% or more. Other larger cities like San Antonio and Houston have similar restrictions on the books or are in the process of making changes to their city ordinances. We recently discussed the difference we’re seeing with payday loans Houston now and how they used to be issued just a few years ago.  Please read this article if you’re even considering taking out a payday loan in Houston.  Even though it focusing mainly on Houston payday loans, it also touches on many regulatory changes that have come into play with online loans throughout the entire state of Texas.  Be sure to read our other articles that concern regulations, news and updates regarding payday loan lenders in Texas. We’re sure there will be some additional updates coming out of Dallas and Houston later this year so stay posted!