Installment Loans in Texas
Summary
Installment
$150 – $2500
Up to 6 Months
Yes
For detailed information on the annual percentage rate (APR) and all other applicable terms to your loan governed in the state of Texas, please refer to your loan agreement.
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Expedited Funding
We know that in times of emergencies cash is needed as soon as possible. You can receive your funds on the same business day with our Expedited Funding service. We offer instant funding via debit card and ACH. The cut off time for debit cards is 6pm CST Monday – Friday and Saturday at 4:30pm CST. The cut off for same day ACH deposits is Monday – Friday 2:30pm CST. Expedited funding is available during business hours, excluding national and bank holidays.
Texas Fee Schedule
In Texas, Cypress Creek Financial West, LLC (“we,” “us” and “our”) is a credit services organization and credit access business but is not the lender. All loans are made by an unaffiliated third-party lender (“Lender”). If we obtain a loan for you, we will charge you a “CSO Fee” for our assistance in finding you the loan and our related credit services, and Lender will charge you interest and other fees as outlined below.
Bi-Weekly Payments
Finance Charges: For bi-weekly payment schedules, we charge a CSO Fee that is determined as follow: (1) we first multiply the Amount Financed by the number of installment periods in your loan; and (2) we then multiply that result by 0.22. Lender separately charges interest at a rate of 9.95% per annum on the outstanding principal balance of your loan (which will include the CSO Fee). On each payment you will pay portions of interest and principal (which includes the CAB Fee). The following examples demonstrate how finance charges are imposed on bi-weekly loans.
| LOAN AMOUNT | LENDER INTEREST | TOTAL CAB FEES | AMOUNT DUE FOR PAYMENTS 1-10 |
AMOUNT DUE FOR PAYMENT 11 |
TOTAL OF PAYMENTS | TERM* | APR** |
|---|---|---|---|---|---|---|---|
| $300.00 | $25.15 | $726.00 | $95.53 | $95.85 | $1051.15 | 159 Days | 700.550% |
| $500.00 | $41.89 | $1210.00 | $159.24 | $159.49 | $1751.89 | 159 Days | 700.640% |
| $750.00 | $62.86 | $1815.00 | $238.87 | $239.16 | $2627.86 | 159 Days | 700.660% |
Semi-Monthly Payments
Finance Charges: For semi-monthly payment schedules, we charge a CSO Fee that is determined as follow: (1) we first multiply the Amount Financed by the number of installment periods in your loan; and (2) we then multiply that result by 0.22. Lender separately charges interest at a rate of 9.95% per annum on the outstanding principal balance of your loan (which will include the CSO Fee). On each payment you will pay portions of interest and principal (which includes the CAB Fee). The following examples demonstrate how finance charges are imposed on semi-monthly loans.e calculate the CSO Fee by Lender charges interest at a rate of 9.95% per annum on the outstanding principal balance of your loan which will include the CSO Fee. On each payment you will pay portions of interest and principal (which includes the CAB Fee). The following examples demonstrate how finance charges are imposed on semi-monthly loans.
| LOAN AMOUNT | LENDER INTEREST | TOTAL CAB FEES | AMOUNT DUE FOR PAYMENTS 1-10 |
AMOUNT DUE FOR PAYMENT 11 |
TOTAL OF PAYMENTS | TERM* | APR** |
|---|---|---|---|---|---|---|---|
| $300.00 | $26.69 | $726.00 | $95.68 | $95.89 | $1052.69 | 169 Days | 681.570% |
| $500.00 | $44.49 | $1210.00 | $159.47 | $159.79 | $1754.49 | 169 Days | 681.580% |
| $750.00 | $63.73 | $1815.00 | $239.22 | $239.53 | $2631.73 | 169 Days | 681.620% |
Monthly Payments
Finance Charges: For monthly payment schedules, we charge a CSO Fee that is determined as follow: (1) we first multiply the Amount Financed by the number of installment periods in your loan; and (2) we then multiply that result by 0.34. Lender separately charges interest at a rate of 9.95% per annum on the outstanding principal balance of your loan (which will include the CSO Fee). On each payment you will pay portions of interest and principal (which includes the CAB Fee). The following examples demonstrate how finance charges are imposed on monthly loans.
| LOAN AMOUNT | LENDER INTEREST | TOTAL CAB FEES | AMOUNT DUE FOR PAYMENTS 1-4 |
AMOUNT DUE FOR PAYMENT 5 |
TOTAL OF PAYMENTS | TERM* | APR** |
|---|---|---|---|---|---|---|---|
| $300.00 | $18.89 | $510.00 | $165.84 | $165.53 | $828.89 | 144 Days | 630.970% |
| $500.00 | $31.48 | $850.00 | $276.35 | $276.08 | $1381.48 | 144 Days | 630.860% |
| $750.00 | $43.26 | $1275.00 | $414.51 | $414.19 | $2072.23 | 144 Days | 630.840% |
* Term: The maximum loan term is [180] days but will vary depending on the frequency with which you receive income.
** Annual Percentage Rate: The Annual Percentage Rate (APR) is the cost of your loan expressed as a yearly rate. Your cost of credit will increase if the actual loan term is shorter than this example and will decrease if your loan term is longer.
Late Fee/Returned Payment Fee: The information provided above is based upon a borrower making on-time payments. If a payment is late by more than ten days or if any payment is returned unpaid, you may also be charged a late fee of the greater of 5% of the payment amount or $7.50 or a returned payment fee of $30.00.
OCCC Notice: This business is licensed and examined under Texas law by the Office of Consumer Credit Commissioner (OCCC), a state agency. If a complaint or question cannot be resolved by contacting the business, consumers can contact the OCCC to file a complaint or ask a general credit-related question. OCCC address: 2601 N. Lamar Blvd., Austin, Texas 78705. Phone: (800) 538-1579. Fax: (512) 936-7610. Website: occc.texas.gov. Email: consumer.complaints§occc.texas.gov.
State License
Cypress Creek Financial West, LLC is registered with the Texas Secretary of State as a Credit Services Organization (“CSO”) and licensed by the Texas Office of Consumer Credit Commissioner as a Credit Access Business (“CAB”). Click below to view the Texas licenses.
Questions or complaints should be directed to Texas’ regulatory agency. Click here for contact information.
Consumer Disclosures
The following links contain disclosures as required by the Office of the Consumer Credit Commissioner (OCCC) for all residents applying for an Installment Loan. These disclosures outline all of the estimated costs associated with Installment Loans of the following amounts:
$300 Installment Loan 5 Monthly Installments
$300 Installment Loan 11 Bi-Weekly Installments
$500 Installment Loan 5 Monthly Installments
$500 Installment Loan 11 Bi-Weekly Installments
$750 Installment Loan 5 Monthly Installments
$750 Installment Loan 11 Bi-Weekly Installments
Consumer Credit Notice
This business is licensed and examined under Texas law by the Office Consumer Credit Commissioner (OCCC), a state agency. If a complaint or question cannot be resolved by contacting the business, consumers can contact the OCCC to file a complaint or ask a general credit-related question. OCCC address: 2601 N. Lamar Blvd., Austin Texas 78705. Phone: (800)538-1579. Fax: (512)936-7610. Website: occc.texas.gov. Email: [email protected].
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.
Have additional questions regarding the Installment Loan product in Texas?
Check out our FAQs page or call our customer service team at 800-986-3017. You can also text us at 63591 or email [email protected]. We will be more than happy to assist you.