Texas
Credit Access Business (CAB) Payday Loan
The Credit Company will not be the lender for loans received at this site. The Credit Company is a Credit Access Business. We will attempt to arrange a loan between you and a third party lender and service that loan once it is issued. Any questions, service issues or complaints about your loan will be addressed by The Credit Company and not the lender.
Loan Terms
- CAB payday loan is not available to all customers.
- The maximum loan amount for Texas residents will be 35% of gross monthly income or $2000.00, whichever is less.
- Your loan will be due on your next payday that falls between 8 to 35 days away.
- If you are paid by paper check, we will give you a grace period of 1 day to deposit your check.
- If you are paid monthly, your loan will be due on your next payday that falls between 8 to 35 days away.
- If your pay dates fall outside of these ranges, your loan will be due in 14 days.
- You have the right to rescind your loan within 3 days of signing your loan contracts. To access the cancellation forms, click here.
Loan Repayment
You have the right to repay your loan in full on your due date. However, you also have the option of requesting to extend your loan due date up to a maximum of 4 times. If you extend your loan due date, you will pay your Credit Access Fee and lender interest on the original due date and pay your loan principal, any additional interest and Credit Access Fee on your extended due date. After you have extended your loan due date four times, you may be eligible for an extended payment plan. For more information on the extended payment plan, click here. Extension, partial payment, and early payoff requests must be received at least 2 business days prior to your due date. You may request these changes by logging into your personal account. For more information on extensions visit our FAQ page.
Fee Schedule and APR
Your Credit Access Business fee will be $25.00 per $100.00 borrowed. You will also be charged interest by your lender of 10.00% APR on loan principal and CAB fees. Click here to find fee schedules for five common loan amounts offered to our customers.
Consumer Disclosure Form
These five links leads to disclosures, required by the state of Texas for all residents applying for a CAB loan or an extension, which outline the total costs associated with these types of loans of different amounts.
- An Estimate of the Costs of a Two Week $200 Loan
- An Estimate of the Costs of a Two Week $300 Loan
- An Estimate of the Costs of a Two Week $500 Loan
- An Estimate of the Costs of a Two Week $700 Loan
- An Estimate of the Costs of a Two Week $1000 Loan
Consumer Credit Notice
This business is licensed and examined by the State of Texas – Office of Consumer Credit Commissioner. Call the Consumer Credit Hotline or write for credit information or assistance with credit problems. Office of Consumer Credit Commissioner, 2601 North Lamar Boulevard, Austin, Texas 78705-4207, (800) 538-1579, consumer.complaints@occc.state.tx.us, www.occc.state.tx.us.
An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs. A payday loan or auto title loan should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.
