Plano Payday Loans
Apply online and get money in your account as soon as tomorrow.


Things pile up. That’s just how life is. We’ve all had unexpected bills, emergencies or speeding tickets, and these things are not always easy to deal with. When people are in need of quick cash because of financial distress they can feel pretty vulnerable. This is the feeling that predatory lenders take advantage of with costly and dangerous payday loans.

Payday loans, sometimes referred to as “payday advance loans” or “cash advance loans”, are small-dollar, short-term loans that rely on the borrower to return the money on their next payday. When you take one out you provide the lender with a check for the loan amount, plus extra fees and interest. The borrower will put the date of their next payday on the check, and the lender will cash the check on this day.

The problem is that the additional fees and interest are extremely expensive. Just like with auto title loans, the state of Texas doesn’t have very many laws in place to monitor payday loans. This means your APR could be as high as 457-522% for a loan lasting 19 to 152 days.2 It makes sense then, that many people are unable to pay the loan on the due date. If the borrower can’t afford to pay, the lender will most likely “rollover” the loan. This means extending it and charging you more fees. Many states even ban the practice of rollover, but not Texas. This makes it very easy for borrowers to get stuck adding more and more debt to an already expensive loan.

If you’re considering a payday loan in Plano, just remember that the cost will be about two times 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

References:

  1. “Plano, Texas (TX) Poverty Rate Data” City-Data.com. 2013. Accessed February 12, 2016. https://www.city-data.com/poverty/poverty-Plano-Texas.html
  2. “Pulling Back the Curtain: Shining A Light on Payday and Auto Title Loan Businesses in Texas.” Texas Appleseed. Accessed February 9, 2016. https://www.texasappleseed.org/sites/default/
    files/Pulling%20Back%20the%20Curtain_0.pdf [PDF]
  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 [PDF]

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