Are you a resident in Lufkin, Texas occasionally finding yourself in need of financial support, Loan Companies in Lufkin Texas are valuable resources in such cases. This article delves into the diverse array of Loan Companies operating in Lufkin, Texas, shedding light on their services and the financial solutions they offer to the local community.
Lufkin, nestled in the heart of Texas, boasts a thriving economic landscape. Lufkin, is a city known for its economic resilience, and home to a mix of industries, from manufacturing to healthcare.
Despite this economic vibrancy, residents may encounter situations that necessitate financial assistance. From unexpected medical bills to home repairs, the need for reliable loan options becomes apparent.
To address these financial challenges, various loan companies have established a presence in Lufkin, each offering distinct services to cater to the diverse needs of the community.
Types of Loans Available in Lufkin, Texas
Lufkin offers a variety of loans tailored to different needs, each type serves specific purposes, and understanding their differences is crucial for informed borrowing.
Personal loans provide flexibility for various expenses, installment loans allow for structured repayments, and short-term loans offer quick solutions.
Lufkin Personal loans, known for their flexibility, cater to various expenses, offering borrowers the freedom to allocate funds as needed. Installment loans provide a structured repayment plan, allowing individuals to manage their budget effectively.
Short-term loans, on the other hand, offer swift solutions for urgent financial matters, providing quick access to funds.
Applicants can explore a range of loan options to meet their diverse financial needs.
What Are the Basic Requirements to Secure a Loan in Lufkin, Texas?
Navigating the loan landscape requires understanding the eligibility criteria. Lenders consider factors such as credit scores, income verification, and employment history.
Requirements may vary based on the loan agency, type of loan, and eligibilities, but here are common requirements:
- Present a credible income source adhering to the stipulated minimum income standards.
- Fulfill eligibility requirements: age of 18 or above, U.S. citizenship, residency in Texas, and compliance with stability/repayment capability criteria.
- Ensure non-existence as a debtor in an ongoing bankruptcy case or any intention to initiate voluntary bankruptcy proceedings.
- Maintain a stable employment history or a reliable source of income to enhance loan approval chances.
- Demonstrate a positive credit history or outline steps taken to address and improve any previous credit challenges.
Knowing these criteria helps applicants assess qualifications and increases the likelihood of a successful loan application.
List of Top Loan Companies in Lufkin Texas
- Western Finance
- Atlas Credit Co., Inc.
- Payment 1 Loans – Lufkin
- Republic Finance
- Advance America
- Lufkin Federal Credit Union
- Security Finance
- World Finance
- Texan Credit Corporation
- Lendmark Financial Services LLC
- Cash Max Texas
Western Finance
Western Finance, operated by Western Shamrock Corporation, stands out as a preferred lender in the competitive financial services industry.
Rooted in Lufkin, TX, their commitment to assisting the community in achieving financial security is evident. Offering small personal loans, also known as installment loans, Western Finance ensures individuals can handle unexpected expenses without straining their budgets.
With a focus on flexibility in repayment terms and affordable monthly payments, they prioritize meeting individual needs.
Notably, Western Shamrock actively participates in industry associations like AFSA and NILA, contributing to the consumer installment loan sector’s promotion and maintaining crucial relationships in regulatory and political spheres.
With over seven years in the business, Western Finance is not only a financial resource but also provides tax preparation services to its valued customers.
Contact Info:
- Visit the Website: https://westernshamrock.com/locations/texas/western-finance-lufkin-tx
- Phone: 936-637-1777
- Email: info@westernshamrock.com
- Address: 535 S Chestnut, Ste B, Lufkin, TX 75901
Atlas Credit Co., Inc.
Atlas Credit Co., Inc. a well-established loan agency with over a decade of experience, is recognized as one of the most reliable loan providers in Lufkin, Texas.
Atlas Credit has evolved into one of Texas’s most reputable and responsible consumer lenders, boasting over fifty locations across the state.
Distinguishing itself from payday lenders, Atlas Credit offers personal loans, particularly catering to individuals with bad credit.
Ranging from $100 to $1,400, their loan amounts empower borrowers to settle lingering debts or kickstart savings for various purposes.
With terms more favorable than credit cards, borrowers benefit from lower interest rates. Notably, Atlas Credit extends its lending services to individuals with bad credit, emphasizing inclusivity. Eligibility requires legal adulthood and a stable job.
Contact Info:
- Visit the Website: https://atlascredit.com/location/personal-loans/tx/lufkin
- Phone: (936) 634-4262
- Email: online@atlascredit.com
- Address: Atlas Credit Store #6, 120 E Lufkin Ave, Lufkin, TX 75901
Payment 1 Loans – Lufkin
Payment1 Financial, a trusted loan agency with industry expertise, stands out as a reliable financial solution provider in Lufkin, Texas.
Payment1 Financial has established itself as a go-to option for personalized loan services. With a commitment to exceptional service, they ensure hassle-free experiences for clients seeking various loan options.
Whether in need of a personal loan or a title loan, Payment1 Financial caters to diverse financial needs. Their loans cover unexpected expenses, home repairs, emergencies, or any other financial requirement, offering competitive rates, flexible payment options, and swift approvals.
Loan services provided by Payment1 Financial include Personal Loans, Auto Loans, and Tax Refund Advances, presenting a comprehensive solution for the community’s financial needs.
Contact Info:
- Visit the Website: https://payment1.com/locations/lufkin-personal-loans-title-loans/
- Phone: (936) 634-4473
- Email: lufkin@payment1.com
- Address: Payment 1 Loans – Lufkin
Republic Finance
Republic Finance, with a remarkable legacy spanning over 60 years, has been a stalwart in assisting customers in achieving their personal finance goals.
Serving more than 300,000 customers across over 220 communities throughout the United States, Republic Finance takes pride in its unparalleled customer service.
Specializing in a variety of consumer loans and flexible lending options tailored to best-fit customers’ needs, Republic Finance stands out as a reliable financial partner.
The Republic Finance team is dedicated to ensuring a seamless experience, assisting customers at every step when applying for a loan in a branch.
Whether it’s addressing questions or concerns about the loan process, team members are readily available to assist.
Contact Info:
- Visit the Website: https://locations.republicfinance.com/republic-finance-e253c579ebd0
- Phone: (936) 219-1228
- Address: 1600 W. Frank Ave. Suite B, Lufkin, TX 75904 US
Advance America
Advance America, with over 25 years of dedicated service, has positioned itself as a leading provider of consumer financial services.
With a belief in empowering individuals to overcome setbacks and turn them into epic comebacks, Advance America emphasizes personalized solutions tailored to customers’ specific needs.
Offering a range of financial services, from Payday Loans and Installment Loans to Title Loans and Personal Lines of Credit, Advance America has served millions of hardworking individuals through its 900+ locations.
With a track record of 148+ million loans issued, Advance America stands as a proud community lender, meeting individuals where they are and helping them look forward to a brighter financial future.
Contact Info:
- Visit the Website: https://www.advanceamerica.net/store-locations/texas/454-n-timberland-dr-lufkin-75901
- Phone: (936) 634-4510
- Address: 454 N. Timberland Dr. Lufkin, TX 75901
Lufkin Federal Credit Union
Lufkin Federal Credit Union, established in 1964 and operating as a full-service, not-for-profit financial institution, received community charter approval on July 1st, 2010.
Lufkin Credit Union stands out as a local financial institution dedicated to community-centric banking.
Lufkin Federal Credit Union stands ready to meet diverse financial needs, offering services such as mortgage loans, auto loans, home equity loans, and various other loan products.
With a commitment to providing comprehensive financial solutions, the Credit Union ensures its members have access to competitive loan rates, subject to credit approval, supporting their aspirations.
Contact Info:
- Visit the Website: https://lufkinfcu.com/all-loans
- Phone: 936-632-4397
- Address: 204 Gobblers Knob Road, Lufkin, TX 75904
Security Finance
For over 65 years, Security Finance has been a trusted provider of personal installment loans in Lufkin, TX. dedicated to offering fast financial solutions.
The application process is designed to be accessible, with no requirement for a perfect credit score.
As a licensed provider of traditional personal installment loans, Security Finance tailors its offerings based on the state’s regulations, ensuring flexible terms and amounts to meet the community’s diverse financial needs.
Contact Info:
- Visit the Website: https://www.securityfinance.com/locations/lufkin-tx-0156/
- Phone: (936) 632-3328
- Address: Security Finance, 206 E Lufkin Avenue, Lufkin TX 75901-0310
World Finance
With over 60 years of experience and a presence in 16 states, World Finance stands as a reliable provider of personal installment loans, credit-building solutions, tax preparation, tax advance loans, and roadside assistance.
Committed to putting people first, World Finance prioritizes community service and supporting individuals in their financial well-being.
As a longstanding financial company with branches across various states, World Finance offers the stability of a large institution coupled with the trust of a local lender.
Their range of services, including personal loans and tax assistance, reflects a dedication to helping customers achieve their financial goals and prosper.
Contact Info:
- Visit the Website: https://www.loansbyworld.com/locations/texas/lufkin/
- Phone: +19366328666
- Address: 511 S Timberland Dr, Lufkin, TX, 75901
Texan Credit Corporation
For over a decade, Texan Credit Corporation has proudly served Lufkin, TX, establishing itself as a trusted local partner.
With a focus on customer satisfaction, Texan Credit Corporation aims to simplify the loan process, offering explanations of loan options, personalized guidance, and convenient payment plans.
As a local company, they prioritize building lasting relationships with the community, governed by the State of Texas Office of Consumer Credit Commissioner.
They hold memberships in esteemed associations like the Texas Consumer Finance Association, National Installment Lending Association, and the American Financial Services Association, ensuring a commitment to transparent and reliable lending services.
Their offerings include installment loans, signature loans, title loans, and financial assistance, catering to diverse needs with affordable monthly payment plans.
Contact Info:
- Visit the Website: https://texancredit.com/locations/lufkin-tx/
- Phone: 936-632-1728
- Address: 509 S. Timberland Dr. Lufkin, TX 75901
Lendmark Financial Services LLC
For over two decades, Lendmark Financial Services LLC has been a stalwart in addressing the personal lending needs of individuals often overlooked by traditional banks.
With a presence extending from coast to coast through 500+ branches in 22 states, Lendmark has consistently provided superior, reliable financial services since its establishment in 1996.
Boasting a substantial customer base of over 425,000, Lendmark values each client, emphasizing a caring approach that sets them apart from competitors.
Committed to making a positive difference in people’s lives, Lendmark continues to evolve, striving for ongoing improvement as a dedicated team.
Contact Info:
- Visit the Website: https://lendmarkfinancial.com/branches/TX/Lufkin/75904-5706/
- Phone: (936) 632-7553
- Email:
- Address: Angelina Village, 3009 S John Redditt Dr, Ste C Lufkin, TX 75904-5706
Cash Max Texas
Cash Max Texas is a leader in Lufkin’s financial sector, specializing in payday loans, cash advances, or title loans tailored to meet individual needs.
With a commitment to transparency and fair lending practices, Cash Max Texas has become a go-to resource for residents seeking financial support.
They understand the urgency of financial challenges and offer discreet assistance, providing a hassle-free solution for various needs, from car repairs and home maintenance to covering medical fees or special occasions.
Contact Info:
- Visit the Website: https://www.cashmaxtexas.com/lufkin-tx.html
- Phone: 936-634-4000
- Email: 40@CashMaxstore.net
- Address: 300 S. Chestnut, Lufkin, Texas 75901
Local Regulations and Consumer Protection
Loan companies in Lufkin, Texas, operate within a regulatory framework that ensures fair practices and consumer protection.
Some key local regulations impacting these companies include:
- State Usury Laws: Texas has usury laws that set limits on the maximum interest rates lenders can charge. These laws aim to prevent excessive interest rates that could potentially harm borrowers.
- Licensing Requirements: Lenders in Lufkin must comply with licensing requirements set by the Texas Office of Consumer Credit Commissioner. This includes obtaining the necessary permits to operate as a legitimate lending institution.
- Debt Collection Practices: Lenders must adhere to fair debt collection practices outlined by both state and federal laws. These regulations govern how lenders can communicate with borrowers, ensuring respectful and legal debt collection procedures.
- Disclosure Requirements: Loan companies are required to provide clear and transparent information about loan terms, interest rates, fees, and repayment conditions. This ensures that borrowers have a comprehensive understanding of the financial agreement.
- Consumer Financial Protection Bureau (CFPB) Compliance: Federal regulations, overseen by the CFPB, also impact lending practices. Lenders must comply with federal laws to safeguard consumers’ rights and prevent predatory lending.
Adherence to these regulations is crucial for loan companies in Lufkin to maintain ethical lending practices and protect the interests of borrowers within the legal framework.
Conclusion
Choosing trustworthy lenders and learning about loan types, eligibility, and the application process are crucial for making wise financial decisions. Responsible borrowing is like a key to financial well-being.
There are workshops, online tools, and local organizations ready to help you understand finances better. Using these resources ensures you keep improving your financial knowledge for a secure financial future.
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