Find out more about TX cash advances and payday loans for the state of Texas including answers about how a Texas payday lender or loan company operates, how to qualify for a paycheck advance, and many other important questions you may have.

Payday Loan for State of Texas: Frequently Asked Questions

What is a Credit Service Organization ("CSO")?

A Credit Service Organization, or CSO, helps people just like you obtain a consumer loan from a responsible lender. A CSO is not a lender and does not make loans. CSO's help consumers just like you obtain and prepare an application for a loan with an independent lender.

What is a cash advance?

A cash advance provides you with emergency cash when you need it most ... usually between paydays! Simply complete this fast two-minute online application; there are normally no documents to fax. Just complete your application, speak to a credit services agent and your cash could be on the way, usually the next business day!

What does it take to qualify?

1. You must be a resident of the State of Texas.
2. You must have a reliable source of income.
3. You must have a checking account with direct deposit.
4. You must have a net income of at least $1,000 per month.
5. You must be able to be contacted by phone.
6. You must be at least 18 years old and a U.S. Citizen.

Even bankruptcy, bounced checks, charge-offs and other credit hassles don't prevent you from getting the cash advance you need!

If mycashcenter.com is able to match my application with an approving lender, when will the loan be due?

Generally, lenders will set your due date to fall on your next payday. You may prepay your TX payday loan at any time. Options may be available for renewing or extending your payday advance/loan as well.

How much can I borrow?

You may borrow up to $1,000! The actual loan amount is contingent upon your income level and the third party Texas payday lender's underwriting criteria. Simply complete this fast two minute online application, speak with a credit services agent and your cash could be on the way, usually the next business day! As always, we suggest only applying for and borrowing the minimum amount needed.

And don't worry, any credit type can qualify, even bankruptcy, charge-offs and bounced checks!

When will I hear from you about my ability to obtain credit services and a payday loan approval?

In almost all cases, you will hear from us within the same business day that your application was completed. We will contact you by phone to verify certain information listed on your application. We are closed on weekends and holidays.

How will I know if I'm approved for credit services and a loan?

Great news is you will know if you are approved for credit services and a loan within minutes of completing your application! These approvals are subject to confirmation of your personal information that you provided in your application. In almost all cases, we will contact you by phone to confirm certain information provided in your application on the same business day.

When will I receive my TX payday loan?

If all information is received and verified by 5:00pm CST on a weekday, you will generally receive your money on the next business day. We must be able to contact you by telephone before your payday loan in Texas can be funded.

Once due, how do I pay my CSO fee and loan?

A transfer of funds will be initiated from your bank account on the day the payday advance/loan is due. The amount will be your original loan amount, CSO fee and interest.

Can I extend or refinance my TX payday loan?

Yes! Subject to being approved for a new credit services agreement and a new loan through the independent lender. In addition, you must pay in full any outstanding credit services fees and accrued interest in order to extend or refinance your TX payday loan/advance. You must initiate the extension or refinancing no later than 5:00pm CST on the day before your due date. This can be done by following these simple steps:

Log in to your account at www.mycashcenter.com from any computer. Follow the on-screen directions for refinancing your credit services and loan.

If you're approved, the proceeds of the new payday loan will be used to repay the principal on the loan you are refinancing, leaving only the CSO fee and lender interest you owe in connection with the original loan to be debited from your bank account. Thereafter, you will be responsible to pay back the principal of the new loan, plus all applicable CSO fees and lender interest in connection with the new loan.

After I pay off my loan in full, when can I use mycashcenter.com Credit Services to apply for a new loan?

Except for an extension or refinancing, you must wait a minimum of three (3) business days after a loan is paid off before another loan can be obtained. Before a new TX payday loan request can be processed, we may require proof that the previous CSO fee and loan principal, including interest, has been satisfied with good funds. This may require you to provide us with a bank statement showing proof of a non-pending payment.

Do I save money by paying my loan earlier than the original due date?

Yes! Paying early reduces the interest on your TX loan/payday advance. Although it does not reduce the credit services fee. There are no penalties or added fees for paying off early.

I don't have a printer and I want to print a copy of my loan documents. Can I get my documents another way?

Yes! If you do not have a printer handy, there are several ways to get copies of your documents to you.

• Your CSO can fax them to any fax number you request
• Your CSO can email them to any email address you request
• Your CSO can fax them to your local Kinko's, Mail Boxes Etc. or PostNet so you can pick them up

To make these special arrangements, please contact your CSO and the CSO's helpful representatives should contact you shortly thereafter.