El Paso Payday Loans
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Borrowing Money in El Paso

If you’re dealing with financial hardships in El Paso, you’re not alone. Many people need extra funds to get to their next payday, and a loan may be one possible solution to this problem. But while loans in El Paso may help in times of need, they can also make things worse. There are many lenders out there that make money by being predatory — giving loans to low-income individuals who may not be able to afford the fees and interest. It’s important to know the truth about payday, pawn shop and car title loans before making a decision.

Payday Loans in El Paso
A quick cash option that does more harm than good.

There are dozens of options for getting the money you need in El Paso. You’ve probably seen hundreds of ads on TV and billboards, and offers in the mail for “speedy cash” or “fast cash now”. Many of these companies rely on low-income individuals and families in need of emergency cash. But don’t let your need for short-term cash lead you down a path to long-term debt.

A payday advance loan is a small-dollar, short-term loan. They’re given to people who need help making it to their next paycheck. When you take out the loan you provide a check to the lender for the amount of the loan and extra fees and interest. You put the date of your next payday on the check, and that’s when the lender will cash it. However if you’re not able to pay it off on the due date you may be forced to “rollover” the loan. This means taking on even more fees to extend the loan past the typical two-week timeframe.

There aren’t very many regulations for payday loans in El Paso. The price of these loans in Texas will be about twice as much as any other state.(3) If you don’t know for sure that you’ll be able to settle the loan on the due date, you’d be wise to seek out another option. If you already have a costly payday loan, and you have questions or concerns, feel free to contact the Texas Fair Lending Alliance.

OppLoans Online Loans

Apply for a loan online at OppLoans, get money in your account as soon as tomorrow, and pay back the loan in monthly installments. OppLoans is a state licensed, direct hard-money lender.

Subprime Reports

See more local Texas Subprime Reports below:

Arlington Payday Loans | Austin Payday Loans | Dallas Payday Loans | El Paso Payday Loans | Fort Worth Payday Loans | Houston Payday Loans | Irving Payday Loans | Killeen Payday Loans | McAllen Payday Loans | Plano Payday Loans | Round Rock Payday Loans | San Antonio Payday Loans | Tyler Payday Loans | Waco Payday Loans


  1. “Hunger Facts” El Pasoans Fighting Hunger Food Bank. Accessed February 11, 2016. https://www.elpasoansfightinghunger.org/hunger-facts.html
  2. “Avoid the Dangers of Car Title Loans” Financial Web. Accessed February 9, 2016.
  3. “FAQs” Texas Fair Lending Alliance. Accessed February 9, 2016. https://www.texasfairlending.org/resources/faqs/
  4. “Texas Pawnshop Rate Chart – July 1, 2015 to June 30, 2016 Only.” Texas Office of Consumer Credit Commissioner. Accessed February 9, 2016. https://occc.texas.gov/sites/default/files/uploads/interest/p-rate-16.pdf

*OppLoans is not affiliated with any of the programs, services or organizations referenced on this page.