Most borrowers will pay off a loan within a few weeks. Keeping with the fact that payday loans are short term loan offers, you should really try to pay off the full amount within a few weeks and not longer than a month.
The laws in Texas are very clear about this specific question. You can only have one active payday loan out with a lender. If you take out more than one payday loan in Texas you are putting yourself at risk of high interest rates and you may fall behind.
As we all know, interest rates on payday loans are going to be higher than what you see with a typical personal loan or auto loan. Reason being, most payday lenders will accept applicants with bad credit or poor payment histories.
We are an online company that helps to connect applicants looking for a payday loan with direct lenders in Texas. Most people initially struggle to to find a direct lender that is licensed in Texas. With our site you can view the different rates and terms for over a dozen finance companies in Texas.