What are “Cash Advance” Loans in Texas
Payday Today helps arrange short-term financial assistance between $100 and $1,800 with a Lender. If approved, you may receive funds as soon as the same day via debit card transfer or direct deposit to your bank account.*
*Terms and conditions vary by location and applicable ordinances. The CAB fee is a finance charge for APR purposes. Not available to borrowers covered by the Military Lending Act (“MLA”).
Cash Advance Loan Frequently Asked Questions
What is a Cash Advance Loan?
A Cash Advance Loan is a short-term loan between $100 and $1,800, designed to help bridge the gap between paydays.
When is the loan due?
Typically on your next payday, depending on your pay schedule.
How soon can I get my money?
Once approved, you can receive your funds the SAME DAY via debit card or direct deposit to your checking account.
What do I need to qualify?
An active personal cell phone, a valid photo ID, a bank issued debit card, and an active checking account with direct deposit. The process is simple and completed entirely online.
How do I repay my loan?
Payments are made automatically by ACH or debit card, so you never need to visit a store. We’ll send reminders to keep you on track & offer payment options instead of payment in full if needed.
Can I extend or renew my loan?
Renewals depend on your state’s regulations and repayment history.
Can I pay off early?
Yes — and there’s no prepayment penalty, ever.
How much does a Cash Advance cost?
The cost is $25.00 for every $100 borrowed, plus 10% interest.
For example, borrowing $300 on a 14 day loan would include $75 in fees and $2.50 in interest, for a total repayment of $377.50
Will this affect my credit?
We don’t report Cash Advance Loans to credit bureaus. However, if your account is sent to collections, the agency may report the debt to major credit bureaus.
Are all fees disclosed upfront?
Yes — before you sign, you’ll receive a Truth in Lending Disclosure showing all fees, interest, and the total repayment amount.
Do you accepted prepaid accounts?
No, we do not accept prepaid accounts such as Netspend, Varo, InsurCard Visa Prepaid Card, PayPal Prepaid Mastercard, the MyVanilla Prepaid Visa, ect… However, you can always call 888-212-5565 to see if your debit card qualifies for a loan.
May I qualify for a loan if I am an active memeber of the Service or Reserves?
No, due to federal lending laws we can not loan you if you are an ACTIVE member or a dependent of an active member.
Installment Loans In Texas & Frequently Asked Questions
What are Installment Loans?
Payday Today Installment Loans are available in the state of Texas and range from $300 to $4,000 and are repaid over a longer period in multiple payments. This option offers predictable payments and flexible terms, making it easier to manage larger expenses while fitting repayment into your budget.
What is an Installment Loan?
An Installment Loan ranges from $300 to $4,000 and is repaid over a longer period in multiple scheduled payments — typically every two weeks or monthly.
How is it different from a Cash Advance?
Installment Loans are designed for larger expenses and offer more time to repay. Instead of paying it all back on your next payday, you make smaller, predictable payments over time.
How soon will I receive funds?
Once approved, you can receive your funds the same day via debit card or direct deposit to your checking account.
How do I make payments?
Payments are made automatically by ACH or debit card, so you never need to visit a store. We’ll send reminders to keep you on track.
Can I pay off my loan early?
Absolutely. You can pay off your Installment Loan at any time without penalty — and you’ll save on future interest.
Do you check credit?
We don’t rely solely on credit reports. We look at your income and ability to repay when reviewing your application. Your credit history may be checked as part of the approval process.
What happens if I miss a payment?
If you miss a payment, please contact us right away. We’ll work with you to discuss options and help you avoid additional fees.
Will my loan appear on my credit report?
Payday Today does not directly report to credit bureaus. However, if your loan goes to collections, the 3rd party collection agency may choose to report unpaid balances.
How do I know the total cost of my loan?
Before you agree to any loan, we’ll provide a Truth in Lending Disclosure that clearly shows the amount you’ll repay, including all fees and finance charges.