Texas Car Title & Payday Loan Services Review 2017 | Best Payday Loan Consolidation
While other payday loan services prefer to be called something other than what they are, Texas Car Title & Payday Loan Services establishes exactly what it is – it's even in its name. Although payday loans are typically not a good idea – they're expensive and can result in a cycle of borrowing money – when you need cash immediately, Texas Car Title & Payday Loan Services is your best bet in San Antonio to get money the same day you apply.
You can start filling out the application for a payday advance online on the company's website and then head to one of its three locations in San Antonio after you're approved to provide the company your proof of income, your state ID and a blank check. You'll have cash in your hands within minutes.Texas Car Title & Payday Loan Services Visit Site
There are a few things to keep in mind when you're borrowing money from a payday loan company like Texas Car Title & Payday Loan Services, though. First, these are expensive loans. You're paying a premium for the ability to borrow money without having a credit score that's low or nonexistent get in the way. Second, you have a limited amount of time to repay the loan, so it could hurt your wallet in two weeks when your payment goes through. This is where a lot of people get tripped up with payday loans.
The average annual percentage rate (APR) for payday loans is about 391 percent, which is much higher than you'd pay for a credit card or traditional bank loan. Texas Car Title & Payday Loan Services isn't the actual lender – it's an intermediary called a Credit Access Business (CAB) that pairs a lender with a borrower and helps complete the process. The interest you pay on the money you borrow that goes to the lender is surprisingly low, but it's the CAB fee that gets pricey.
The best way to pay back your loan and not get stuck paying fee after fee is to pay it off as quickly as possible. Fees accumulate with each passing day, so you end up paying a lot more for a relatively low-dollar loan, and those fees go directly to the payday loan company.
If you need to extend your loan, that's possible as a rollover. You're limited to the number of rollovers you can get on a single loan because the fees continue to stack. It's for this reason that San Antonio lawmakers created ordinances to help protect you from payday loan companies.
Texas Car Title & Payday Loan Services is a good option for you if you live in San Antonio and need emergency cash. It's an expensive option, just as it is for any payday loan, but the storefronts make it quicker to get the cash you need.Texas Car Title & Payday Loan Services Visit Site