Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Texas, short-term loans are often facilitated by Credit Access Businesses (CABs). These entities are not the direct lenders but instead charge a fee to bridge the gap between you and a third-party lender. Beaumont residents should be aware that while there is no state-mandated cap on fees, lenders must be licensed by the Office of Consumer Credit Commissioner (OCCC). Costs typically include a CAB fee and an interest rate charged by the lender. It is vital to read your specific loan agreement for the precise APR, as these are high-cost financial products intended for short-term emergencies only.
Annual Percentage Rate (APR)
200% - 650%
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $500 | 14 Days | 450% | $86.30 | $586.30 |
| $1,000 | 30 Days | 390% | $320.55 | $1,320.55 |
| $300 | 14 Days | 510% | $58.68 | $358.68 |
Representative Example: A $500 loan for 14 days with an APR of 450% would have a total repayment amount of $586.30. Actual rates, fees, and terms vary by lender, your credit profile, and state regulations. Always review the full disclosure provided by your lender.
State-Specific Information — Texas
Maximum Loan Amount: Varies by lender income requirements
Rate Cap: No statutory cap for CAB fees in TX
Regulations: Texas Finance Code Chapter 393 (Credit Services Organizations/CABs)
Licensing: Lenders and CABs must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC).