Loan Options in Texas

You can borrow payday loans and installment loans in Texas. Most short-term, high-cost loans here are arranged through Credit Access Businesses (CABs) - brokers licensed by the Texas Office of Consumer Credit Commissioner (OCCC) that connect you with third-party lenders. This model is authorized under Texas Finance Code Chapter 393.

Texas doesn't cap fees the way more restrictive states do, so your total repayment can be considerably higher. Compare offers carefully and review the full amount you'll owe before signing. For more detail, see the Texas payday loans and Texas installment loans pages, or check current fee structures on the Texas rates & fees page.

If a high-cost loan doesn't fit your situation, start with alternatives available in Texas.

Texas law gives you several protections when you borrow through a CAB. The state's fee rules are looser than in many places, but these safeguards still matter:

• CAB licensing requirement - Every Credit Access Business operating in Texas must hold an OCCC license. You can verify any company's license before you hand over personal information.
• Written fee disclosure - Licensed CABs have to give you a clear breakdown of all fees and the total amount you'll repay before you sign. Use it to compare what different offers will actually cost you.
• Right to cancel - OCCC rules let you cancel a payday loan by the close of the next business day without penalty, giving you a short window to back out.
• City ordinances in major metros - Austin, Dallas, Houston, and San Antonio have local rules that add restrictions on CAB loans, like tying loan size to your income or limiting how many times you can refinance. Check whether extra protections apply where you live.

Before sharing personal details with any lender or broker, review the LendUp scams & safety guide and look up the company through the OCCC.