What is a Payday Loan? Plano TX

What is a Payday Loan?

What is a Payday Loan?

A payday loan is a short-term loan that is typically repaid on your next payday. This differs from traditional loans, which give you an extended period for repayment in smaller installments and with a longer period of interest payments. With a payday loan you get approved more easily, have greater access, and can get smaller loan amounts than if you went for a traditional or bank loan.

Who Can Use a Payday Loan?

Anyone with an income can apply for and use a payday loan. In general, you must be at least 18 years old and a legal resident in the U.S. You also need to have a bank account for deposit of the funds and repayment. Otherwise, there are very few restrictions on who can use these loans as compared to other kinds of lending.

Who Benefits from Payday Loans?

Most people who work and occasionally struggle to make ends meet between paydays can benefit from these loans. If you live from payday to payday and sometimes run out of the cash needed to pay the bills, buy groceries, or gas up the car these loans can be a big help. You get quick cash, easily, and without the hassle of going through a credit check or going into a bank. So, if time is an issue and you have a busy schedule, you’ll benefit from this quick and convenient loan.

Where Do I Apply for a Payday Loan?

Payday loans are usually available online, although you’ll also find loan and cash advance stores in your community. The online option is most convenient, and many lenders also have a mobile app you can use. All you need to access the application for the loan is a computer or a mobile device, so apply at home, at work, or on the go.

When Can I Get a Payday Loan?

With the online and mobile options for applying, you can get a payday loan whenever you want. Bank and shop hours are limited, and work may prevent you from getting there during business hours. If you use the online application or app you can apply at night, on the weekends, and even on holidays.

How Do I Get Approved?

Getting approved for a payday loan is simple. You need to show you are a legal resident, have a bank account, and have a job. Your income may need to meet a certain minimum, but it is reasonable for most people at about $1,000 per month. Most payday lenders do not require a credit check or a minimum score for approval.

Why Should I Try a Payday Loan?

There are so many great reasons to use a payday loan the next time you have expenses and no cash ahead of payday. One is ease of use and convenience. Work it in around your busy schedule. Another is that approval is easy, so if you have been denied before you can still get cash. And finally, the money is fast. Get a quick solution to any money problem you have right now.

Local Companies

Comerica Bank - Parker/Premier Branch
(800) 292-1300
3310 Premier Drive
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $20.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Wells Fargo - Plano-Custer Branch
(866) 245-3452
1500 Custer Road
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Chase - Plano-15th Branch
(877) 682-4273
2000 W 15th Street
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Chase - Plano Branch
(877) 682-4273
3041 West Parker Road
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Chase - Spring Creek And Hwy 75 Branch
(877) 682-4273
161 W Spring Creek Pkwy
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Bank of America - Coit Road Branch
(800) 432-1000
2015 Coit Road
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Legacy And Independence Branch
(866) 245-3452
2912 Legacy Dr
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Chase - Spring Creek & Coit Banking Center B
(877) 682-4273
6060 Coit Road
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Chase - 2831 W 15th Branch
(877) 682-4273
2831 W 15th
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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BBVA Compass Bank - Legacy Branch
(800) COM-PASS
2900 Legacy Drive
Plano, TX
ATM Fees
monthly fee: Monthly service fees range from $0 to $20.00. See institution about how these monthly fees can be waived.
ATM Fee Rebate Noe: BBVA Compass Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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