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Briant K Richard

Texas online payday loans usageMany states regulate payday lenders, although these regulations offer varying degrees of protection. Fifteen states do not allow payday loan storefronts at all or cap rates at 36% APR or less, eight states have payday loan storefronts but provide some level of regulation, and 28 states essentially offer no protections at all.
One of the key issues often discussed in state legislators is whether banning payday loan storefronts leads borrowers to obtain loans from Texas online payday loans. The payday loan industry says that it does, consumer advocates say that it doesn’t.
Pew’s research found that restricting payday loan storefronts does not result in substantial online payday loan usage. In fact, in states where storefronts are prohibited, 95% of would-be borrowers choose not to use payday loans at all.
The graph below shows Texas online payday loans usage in 31 states (sample size was not large enough in the other 19 states). The graph also indicates which states have restrictive (red), somewhat restrictive (orange) and permissive laws (green). As would be expected, there are far fewer borrowers in states where storefront lending is banned than in states where it’s allowed. The takeaway is that borrowersare not flocking to online payday loans when storefront loans are unavailable.

​TEXAS ONLINE PAYDAY LOANS. YOUR TICKET TO FAST CASH.When you need money fast and have less than perfect credit, a Texas online payday loan from Southern Cash just may be the answer you’ve been looking for. We don’t run traditional credit checks so even if you have bad credit we can still get you the money you need. You can apply in just minutes using our safe and secure online application or if you prefer you can call one of our friendly knowledgeable loan specialists at 888–978–9862 and apply right over the phone. You’ll receive an immediate lending decision and be able to agree to the loan terms and sign all of your loan documents electronically. Once your online loan application is approved and your loan documents are signed, your money will be deposited directly into your bank account the next business day.
HOW TEXAS ONLINE PAYDAY LOANS WORK
Texas Online Payday Loans have a longer repayment term than a typical Payday Loan. You will have 6 months to repay! You will also have the option to pay the loan off without the worry of early payment penalties. Southern Cash will serve as a CAB (Credit Access Business) and obtain the loan for you through a third party lender. Southern Cash will service the loan so you will always be assured the highest level of customer service available. To get started it only takes a few minutes to fill out our online application. Or, if you prefer to loan by phone, simply give us a call at 888–978–9862 .
WHAT DO I NEED TO GET A TEXAS PAYDAY LOAN ONLINE
Applying for a Texas payday loan with Southern Cash is fast, safe and secure. Along with your completed online loan application you will need just a few other things in order to apply. Your loan can be approved immediately and your money will be electronically transferred directly to your bank account the next business day.

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Texas online payday loans

7/11/2016

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HOW TEXAS ONLINE PAYDAY LOANS WORK
Texas Online Payday Loans have a longer repayment term than a typical Payday Loan. You will have 6 months to repay! You will also have the option to pay the loan off without the worry of early payment penalties. Southern Cash will serve as a CAB (Credit Access Business) and obtain the loan for you through a third party lender. Southern Cash will service the loan so you will always be assured the highest level of customer service available. To get started it only takes a few minutes to fill out our online application. Or, if you prefer to loan by phone, simply give us a call at 888–978–9862 .
WHAT DO I NEED TO GET A TEXAS PAYDAY LOAN ONLINE
Applying for a Texas payday loan with Southern Cash is fast, safe and secure. Along with your completed online loan application you will need just a few other things in order to apply. Your loan can be approved immediately and your money will be electronically transferred directly to your bank account the next business day.
ALL YOU WILL NEED TO APPLY IS:
• Valid Email address
• Open Checking Account
• Proof of Income
• Government Issued I.D.
• Not on Active Duty in Military

TEXAS ONLINE PAYDAY LOANS : Twelve million adults, or about 5.5% of Americans, use payday loans, according to new research from Pew. Payday loans are short-term loans (usually two weeks) of a few hundred dollars with average fees and interest the equivalent of an annual percentage rate (APR) of around 400%. Predatory payday lending strips wealth from financially vulnerable families and leaves them with fewer resources to devote to building assets and climbing the economic ladder.
Certain demographic groups are more likely to use Texas online payday loans than others. For example, the odds of using a payday loan are:

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​Texas online payday loans usageMany states regulate payday lenders, although these regulations offer varying degrees of protection. Fifteen states do not allow payday loan storefronts at all or cap rates at 36% APR or less, eight states have payday loan storefronts but provide some level of regulation, and 28 states essentially offer no protections at all.
One of the key issues often discussed in state legislators is whether banning payday loan storefronts leads borrowers to obtain loans from Texas online payday loans. The payday loan industry says that it does, consumer advocates say that it doesn’t.
Pew’s research found that restricting payday loan storefronts does not result in substantial online payday loan usage. In fact, in states where storefronts are prohibited, 95% of would-be borrowers choose not to use payday loans at all.
The graph below shows Texas online payday loans usage in 31 states (sample size was not large enough in the other 19 states). The graph also indicates which states have restrictive (red), somewhat restrictive (orange) and permissive laws (green). As would be expected, there are far fewer borrowers in states where storefront lending is banned than in states where it’s allowed. The takeaway is that borrowersare not flocking to online payday loans when storefront loans are unavailable.