Rates and Fees

PaydayLoans-McKinney-TX.com is not a lender and does not make credit decisions. Therefore, we are unable to provide details on rates or fees for short-term loan products or information on offers from third-party lenders. Our goal is to ensure that all lenders in our network follow fair credit practices and comply with all relevant laws and regulations.

Before You Apply

Short-term loans are designed to serve as a temporary financial bridge and should be used carefully. Generally, these credit options come with higher rates and fees, which is why the short-term loan sector is strictly regulated on many levels.

An increasing number of both governmental and non-governmental organizations are monitoring short-term loan agents, establishing best practices and regulatory procedures. To help ensure a positive credit experience, we offer educational resources on this website so you can better understand the industry and your options. For further information, we suggest visiting the websites of the Federal Trade Commission and the Consumer Financial Protection Bureau, which develop and enforce federal laws that protect consumers from discrimination and unfair lending practices.

In addition to federal rules, some states have their own regulations covering aspects such as late fees, maximum loan amounts, the number of renewals or rollovers allowed, and the total number of loans a consumer can have simultaneously. Certain states, including New York, West Virginia, Vermont, and Arkansas, prohibit short-term cash loans altogether. This information is subject to change without prior notice. To review the most current state regulations, please visit the official sites: Payday Loan Consumer Information and the National Conference of State Legislatures. Always check these sources before applying for a loan, as the regulations may change at any time.