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Lenders in Texas must operate under CSO (Credit service Organization). Loan amounts on CSO loans can up to 1800 dollars. There is (sadly) no APR cap on the loans, some lenders charge upwards of 1000% apr.

Regarding debt collection - In Texas having an unpaid payday debt is a civil (not criminal) matter and most companies will not pursue legal action unless its a higher dollar amount loan.

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Q: What are the laws in Texas on payday loans?
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Yes, online payday loans are legal in the state of Texas. The state features very strict rules for lenders, so you'll have to find a lender that follows these laws properly.


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