If you find yourself in need of a short term loan in Murphy, you have come to the right place. Lone Star Cash Services helps consumers get the money that they need to deal with life little emergencies. Before you begin, you should take a minute to get familiar with your different lending options. Once you have done that or if you are already familiar, you can get your money the fastest by applying for your loan online.

Cash Advance Loans

These loans are most often referred to as payday loans. They are short term loans designed to simply get the borrower through until their next paycheck There are good and bad things about these loans so you should make sure that you are fully informed before you commit to them. The good thing is that they are easy to qualify for, quick to apply for and the fund quickly. Most loans will be dispersed on the next business day. The bad thing about these loans is that they have high fees and short payback periods. You should only use them if you have no other source of real funding or if the fees charges are less than late charges or overdraft fees charged by your bank.

Installment Loans

Installment loans are a bit harder to get, requiring a bit higher credit. These loans will be for dollar amounts in excess of $1000 and will have longer payback periods. You will be required to make biweekly or monthly payments during the loan term.

Commonly Asked Loan Questions

  • What do I need to qualify for a payday loan?
    You will be required to have a checking account, a job, a phone number and a social security number. Bad credit is typically not a problem.
  • Do I have to have a checking account?
    Yes, a checking account is required. Lenders will deposit you money directly into your account in most cases. They will also pull the repayment directly out of your checking account.
  • How long do I have to pay back my loan?
    These are very short term loans and most will beed to be paid back in 14 days or less.
  • What happens if I can not pay back my loan when it is due?
    Call your lender as soon as you know this and ask for an extension or refinance. Fees may be charged to extend your loan. You should also try to pay back at least a portion of the principal.