When a last-minute bill pops up, it is not always possible to wait until your next paycheck arrives.  In the short term, a payday loan can be the ideal way to handle unexpected expenses quickly and without a hassle. Make it easier: Personal Money Store can help you find the best payday loans in Dallas TX – Apply Today.

Benefits of Payday Loans in Dallas TX

If you’re still on the fence about getting payday loans in Dallas, take a closer look at how they could improve your life. Just some of the benefits include speed, convenience, ease and flexibility.

The first benefit of a payday loan, and particularly online payday loans, is how fast they are to apply and quality for. They are also incredibly convenient, since they can be applied for via your smartphone, computer or any other Internet-ready device. This makes them easy to secure, even if you’ve got bad credit.

Most importantly, payday loans give you flexibility over your own life. You can say goodbye to those last-minute struggles when you can’t pay a bill in time. Let a payday loan bridge the gap until your next check, whether that’s at the end of the week or the end of the month, and stress less about how you’re going to pay your bills.

Reasons to Get a Payday Loan

There are countless reasons you might need to get payday loans in Dallas TX. Your story is unique, and only you can know why a payday loan is so important for your current financial situation. However, there are definitely some common reasons that people seek out payday loans, just some of which include the following:

  • Emergency medical bills
  • Overdue utility bills
  • Unexpected car repairs
  • Legal fees

 

What’s Stopping You?

Now that you know more about the benefits of payday loans in Dallas TX, what’s stopping you? The fees involved are typically low, and you can pay back the entire sum by your next payday or in installment options, depending on your personal preference. Bad credit is no big deal, and an instant decision can let you know your answer right after you submit your application online.

Get Payday Loans Online Fast

Gone are the days when you had to dress formally and meet with someone at the bank just to get a short-term loan. Payday loans online are fast, and all the information you need to supply can be provided online. You don’t need to go anywhere or fax in any documents to get your loan, a definite advantage over traditional lending options.

Payday Loan fees compared to other fees
Short Term Personal Loan$15 fee
Bounced Check$32 fee
Late Credit Card Payment$37 fee
Late Utility Bill$46 fee

*Based on $100 loan or $100 balance on existing accounts. This shows average fees – your rate may differ.

About Dallas, Texas

Dallas, Texas, or DFW, is one of the biggest and most populated cities in the state. You might know it thanks to its famed football team, the Dallas Cowboys, but the city is also home to incredible attractions like the Dallas Aquarium at Fair Park, the Dallas Zoo and the Dallas Museum of Art. Almost seven million people live in the Dallas Metro Area and are spread out in districts like Oak Lawn, Downtown, North Dallas, Highlands and Addison.

Terminology

APR: The equivalent annualized percentage rate for payday loans and other short-term installment loans ranges from 547.5% to 999.45%, based on the amount and the length of the loan.  Larger loans with longer payback periods have lower interest rates.  While this sounds large, one must consider that these loans are only meant to be for a very small time-frame, usually 2 weeks.  Annualizing other fees in the same manner results in APR of 2336% for a returned check fee of $32 against a $100 check, a 965% fee against a $37 credit card late fee or over the limit fee, or a 1203% APR for a typical $46 reconnect fee by a utility company.

Financial Implications: Short term payday loans are meant to be just that: Short term.  Typical fees range from $15 to $40 for every $100 borrowed up to $500.00.  Fees per $100 begin dropping on loans larger than $500.00.  Fees are typically less than what borrowers can expect to pay for bouncing a check, having a utility disconnected, or paying a credit card bill late.

Collection Practices: If a loan becomes delinquent, attempts at collections are first conducted internally, primarily through telephone, an attempt to work out a pay-off arrangement that takes into strong consideration the financial condition of the borrower.  If, after all attempts at internal collections have failed, the lending agency may send the loan to a third party collection agency in an attempt to recover the funds lent in good faith.