A Basic Overview Of Payday Loans In Katy, TX

Payday loans in Katy, TX are small-dollar short-term loans that allow you to borrow $100 to $1,200 to fund emergencies that happen while you are in between paychecks. But understanding the definition of payday loans isn't enough to understand how to get one from us at Texas Car Title and Payday Loan Services, Inc. when you need help. So, in the following sections, we will outline what you need to know about these loans, making it easier for you to make well-informed decisions.

Learn About Payday Loans With This Information

When You Should Use Payday Loans

When you need payday loans in Katy, TX, you should know when you should use these loans. While we won’t ask you specifically how you plan on using this loan. But we strongly recommend you only use this loan for emergency expenses; you should never take a payday loan out for no reason. Repaying money with interest for something frivolous just isn't worth it. Essentially, if your situation would worsen or grow more expensive if left unpaid, you can justify getting a payday loan.

Therefore, always ensure you have a genuine emergency that warrants borrowing money before proceeding through the payday loan process with us. It is always best practice to have a legitimate reason before you decide to get any kind of loan. To give you an idea of the situations that justify getting payday loans, here are the most common emergencies that can warrant you getting this kind of loan:

• Urgent home repairs like leaking roofs, broken front door locks, or faulty electrical issues.
• Car repairs, especially transmission replacements, for the primary vehicle.
• Funding utility bills that were more expensive than usual.
• Paying for same-day travel costs to deal with an emergency.
• Covering medical bills that aren't sorted out by the health insurance policy.
• Funding medical bills that were more expensive than initially anticipated.
• Paying for emergency veterinary care or medications for pets.

3 Things You Need To Get Payday Loans In Katy, TX

By now, you will know whether or not your situation warrants getting payday loans in Katy, TX. If you realize it does, the next step is to ensure you have everything you need to get through our process to see if you qualify for approval. Luckily, our loans aren't like traditional ones. You don't need to deal with massive lists of hard-to-meet criteria. Instead, you just have to provide the following three items to one of our representatives at Texas Car Title and Payday Loan Services, Inc. as soon as possible.

1. Pay Stub

We use your pay stub to prove you have the income to stick to the repayment schedule on time. As we said, you shouldn’t get this loan for just any reasons. This means that if you don’t have the money to repay the loan, you shouldn’t get one. If you happen to be unemployed at the moment, you may be able to use other sources of income instead. We do require you to bring the appropriate documents to prove your income. Just ask us and we will go over your options.

2. Blank Check

The next thing you need is a blank check from an active checking account in your name. We use your checking account to get a full picture of your financial situation. This does mean that you’ll need a checking account in your name before you come see us for this kind of loan. So if you happen to not have a bank account, you’ll have to look into another loan for help. The good thing is we also offer title loans that don’t require a bank account.

3. Driver’s License Or State-Issued Photo ID

The last item you need is your driver’s license or state-issued photo ID. This is so that we can prove you are who you say you are and that you are of legal age. We can’t approve you if you are a minor, so you need to prove your identity. If you happen to not have a driver’s license, you can use a state-issued ID instead. Just make sure that your ID has your photo so we can make sure it is actually you on the ID.

The Process Of Payday Loans In Katy, TX

You won't get very far through your qualification journey if you don't know how to get a payday loan in Texas. Now that you know what this loan is and when you should use it, the most logical step is to learn the process of getting payday loans in Katy, TX. The good thing is the process is simple and quick, so you will learn soon enough if you qualify for approval. So, here's our easy-to-follow step-by-step process:

1. The first step is to fill out the online form on this website. You just need to click the right type of loan because we also offer other kinds of loans.
2. After that, make sure your phone is nearby because we'll give you a call to discuss everything and ensure you have the required items.
3. Following the conversation over the phone, you will need to head to your nearest Texas Car Title and Payday Loan Services, Inc. store.
4. When you arrive, you will sit down with one of our knowledgeable loan representatives. They will examine your identification and proof of affordability to decide whether you qualify for payday loans in Katy, TX.
5. If you are satisfied with the amount we can offer you, we will ask you to confirm agreeance with the contract by signing a few forms.
6. At this stage, the process is finished. All you need to do is wait for the money to hit your account on the same day or the following day, depending on the time you applied for the loan.

Get Payday Loans In Katy, TX From Us Today!

By now, you should know what you need to know about payday loans in Katy, TX when you need emergency cash! So the next time you have an emergency and need help, you know exactly where to go to get quick money. If you're dealing with an emergency that requires extra money, complete our online form and we'll be in touch to walk you through the stages and help you find out if you qualify for approval.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.