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Securing Quick Cash in Texas

Texas is known for its hot temperatures, diverse scenery, and eclectic mix of food, culture, and music. Not only that but there has been a significant increase in job opportunities in Texas in recent years. In the past 12 months alone, the state has added 529,800 jobs across all industries — more than any other state in the country. This all makes the Lone Star State an attractive place for many individuals and families.

That said, many Texans still struggle to pay the bills. If you have financial problems and need a quick cash loan in the Lone Star state, you’re in luck. Texas offers many emergency loans — like cash, installment, and other personal loans — to cover unforeseen expenses. What’s great about these loans is that they usually have minimal requirements and come with quick funding times — sometimes even same-day funding.

How Can You Use an Emergency Loan in Texas?

Emergency loans are personal loans that you can use for nearly any reason, like car repairs, medical expenses, surprise bills, and other emergencies.

You can even use the money to bridge the gap between your available funds and your next paycheck. For example, if you’re hit with rent or a utility bill and do not have the money in your bank account, you can take out an emergency loan to cover the expense. You can then pay back over time.

Where to Find an Emergency Loan

In Texas, you can find emergency loans in several places. The most common options are:

  • Banks: As traditional lenders, many banks offer small personal loans to people who need the funds. However, the loan requirements may be higher at a bank than with an alternative lending option like Jora. It may also take a few more days (or weeks) to receive funds when you go this route, especially if you apply in person.
  • Credit Unions: Like banks, credit unions are another traditional lending option. You may need to be a current credit union member to be eligible for a loan. However, these institutions often have lower fees than banks or other lenders.
  • Direct Lenders Online: Many digital lenders offer online loans to people who need them. With a direct lender like Jora, you can complete the entire application process from home. These lenders often have faster approval and funding times than traditional lenders. Loan requirements, fees, and loan amounts vary by lender.
  • Loan Marketplaces: A marketplace is a platform that connects borrowers with different lenders offering online loans. This is fast and convenient, but some lenders may have stricter eligibility requirements or higher fees and interest rates than others. Additionally, your options may be limited based on the marketplace’s network of partner lenders.

When looking for an emergency loan, comparing one or two lenders to see what they offer is still a good idea. Ensure the lender has decent reviews online and is licensed to operate in your state. You can also use an online calculator to see how much the loan might cost you with each lender.

Types of Emergency Loans

Emergency loans in Texas are designed to combat sudden or unexpected financial emergencies. However, “emergency loan” is a catch-all term that includes several different types of personal loans. Here are the most common ones:

  • Title Loans: These short-term loans usually don’t require a credit check, making them convenient for people with limited credit. However, they use your vehicle as collateral in exchange for a small sum based on your vehicle’s value. As long as you repay what you owe on time, plus any fees or interest charges, you’ll get your vehicle title back — and you can use the funds for anything you need.
  • Payday Loans: Sometimes called cash advance loans, payday loans are small unsecured personal loans with short repayment terms of 2-4 weeks. Payday loans usually have minimal requirements. You’ll typically need a steady income and a bank account to qualify. However, many lenders do not require a credit check, making this a typical no-credit-check loan.
  • Bad Credit Loans: These emergency loans are geared toward borrowers with poor or limited credit history. Like other personal loans, you can use them as a short-term financial solution. Standard bad credit loans include payday, title, pawnshop, and other cash loans like Jora Credit.
  • Debt Consolidation Loans: A debt consolidation loan is an unsecured personal loan to repay multiple unsecured debts. Once you do this, you’ll have only one loan with one monthly payment. This might require good credit, but it can help if you’re struggling with multiple debts.
  • Installment Loans: Installment loans are personal loans — typically unsecured — that you can use for emergencies or other expenses. These loans usually have fixed monthly payments, including the principal balance and interest. Some lenders, like Jora, let you pay off the loan early to reduce interest charges. Jora also offers installment loans to people with poor credit. Depending on what time you apply, you could even receive funds the same day you apply, if approved.
Requirements for an Emergency Loan in Texas

Loan requirements vary by lender and loan type, but here’s what you’ll typically need:

  • Minimum Credit Score: Some online lenders check your credit score when determining whether you qualify for a loan. But emergency loan lenders like Jora look at more than credit and may still approve your application even if you have poor credit.
  • Income: Lenders typically need proof of income or employment as this shows them whether you can repay what you owe. You may need to provide recent bank statements, tax returns, or W-2 forms.
  • Bank Account: You’ll generally need a bank account in your name to receive the loan funds.
  • Proof of Identity and Residence: Typically, you must be at least 18 years old to qualify for a loan (19 if residing in AL). You will also need to prove state residency. Depending on the lender, you may need to provide copies of your driver’s license, passport, or other government-issued ID.
  • Collateral: Secured loans require collateral, such as a paid-off vehicle or property, in exchange for funds. Unsecured loans do not. You could lose your asset if you put up collateral and do not repay what you owe.

Why Jora Credit?

We are a state-licensed, direct lender providing online loans that give you access to the funds you need.
It’s easy to apply right from your phone, laptop or tablet – anywhere, anytime. And it only takes a couple minutes.
Plus, there's no prepayment fees if you want to pay off early and save some money one interest.
Accept your loan by 10:30 am Central time (Monday - Friday excluding holidays) and you can get your funds on the same day.*
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How to Apply

Ready to apply for an emergency loan in Texas online? Here’s Jora’s simple application process:

  1. Determine how much you need and why. Calculate how much you need to borrow and take out a loan for that amount. Use a loan calculator to ensure you can afford the monthly payments.
  2. Complete Jora’s loan application. Jora’s application process is quick and easy. You’ll need to provide some basic contact and financial information. Once you apply, Jora typically makes a credit decision within minutes. If you apply and receive approval on a non-holiday business day, you could receive funds that same day. Otherwise, the money will usually be in your account the following business day.*
  3. Receive funds and start making payments. Once you have the money, you can use it for whatever you need. Don’t forget to review the loan agreement to determine your first payment due date. Jora has no prepayment penalty, meaning you can pay off the loan early without additional charge.