Texas Loan Compare

Bad Credit Loans in Texas

Bad credit loans in Texas cater to borrowers who may have been turned down by traditional banks and credit unions. Whether you have a credit score below 580, a history of late payments, or even a bankruptcy on your record, specialized lenders in Texas offer loan products designed for your situation. While interest rates will be higher than prime borrower rates, these loans can provide essential funding and even help rebuild your credit when payments are made on time. Options include secured and unsecured personal loans, credit-builder loans, and peer-to-peer lending platforms.

Loan Amount
$500 - $10,000
Typical APR
18.00% - 35.99%
Loan Term
6 - 36 months
Funding
Same Day Available

Requirements

  • No minimum credit score (some lenders)
  • Proof of income ($1,000+/month)
  • Valid Texas ID
  • Active bank account for at least 3 months
  • No active bankruptcies (Chapter 7/13)

Pros

  • +Available to borrowers with scores below 580
  • +Can help rebuild credit with on-time payments
  • +Multiple lender options available
  • +Some lenders consider alternative data
  • +Secured options available for better rates

Cons

  • -Higher interest rates than standard loans
  • -Lower maximum loan amounts
  • -May require a co-signer for best terms
  • -Origination fees tend to be higher
  • -Some lenders charge prepayment penalties
Texas focused
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Check the OCCC before applying
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Loan Payment Calculator

Estimate your monthly payment before you apply.

$5,250
$100$25,000
18.0%
1%36%
12 months
3 mo60 mo
Monthly Payment
$481.32
Total Payment
$5775.84
Total Interest
$525.84

* This calculator provides estimates only. Actual rates, terms, and payments may vary based on your credit profile, lender, and loan type. APR includes both interest rate and any applicable fees.

Bad Credit Loans by Texas City

Bad Credit in HoustonBad Credit in San AntonioBad Credit in DallasBad Credit in AustinBad Credit in Fort WorthBad Credit in El PasoBad Credit in ArlingtonBad Credit in Corpus ChristiBad Credit in PlanoBad Credit in LaredoBad Credit in LubbockBad Credit in GarlandBad Credit in IrvingBad Credit in AmarilloBad Credit in Grand PrairieBad Credit in BrownsvilleBad Credit in McKinneyBad Credit in FriscoBad Credit in PasadenaBad Credit in Killeen

Texas Bad Credit Loans Regulations

Texas regulates consumer lending through the Texas Finance Code and the Office of Consumer Credit Commissioner (OCCC). Key regulations affecting bad credit loans in Texas include:

  • Licensing: All lenders and Credit Access Businesses (CABs) must be licensed with the OCCC.
  • Fee Disclosure: Under the Truth in Lending Act (TILA), lenders must clearly disclose the APR, finance charges, total amount financed, and total of all payments before you sign.
  • No Usury Cap (Most Loans): Texas does not have a traditional usury cap for consumer loans arranged through CABs, meaning interest rates can be high. Always compare offers carefully.
  • Right to Cancel: Texas law provides a right to cancel certain loan agreements within specific timeframes.
  • Collection Practices: The Texas Debt Collection Act prohibits abusive, deceptive, and unfair debt collection practices.
  • Military Protections: The Military Lending Act caps APR at 36% for active-duty service members and their dependents.

For complaints or questions, contact the Texas OCCC at (800) 538-1579.