Amarillo, TX Payday Loans Lenders

5 local stores from 3 companies located in Amarillo, TX
Rating
Reviews
Lender
4.65
166
reviews
Ace Cash Express
Ace Cash Express
has 2 offices
4.70
46
reviews
Check 'n Go
Check 'n Go
has 1 office
4.90
1k+
reviews
TitleMax
TitleMax
has 2 offices

All Amarillo, TX Lenders Offices by Rating

Rating
Office Address
4.90
809 reviews
TitleMax
3514 E Interstate 40, Amarillo, TX 79103 show on map
tel: 806-576-3760
Hours:
Monday: 10:00 AM – 7:00 PM
Tuesday: 10:00 AM – 7:00 PM
Wednesday: 10:00 AM – 7:00 PM
Thursday: 10:00 AM – 7:00 PM
Friday: 10:00 AM – 7:00 PM
Saturday: 10:00 AM – 4:00 PM
Sunday: Closed
4.90
576 reviews
TitleMax
901 Spur 228 Building 1, Amarillo, TX 79111 show on map
tel: 806-335-9500
Hours:
Monday: 10:00 AM – 7:00 PM
Tuesday: 10:00 AM – 7:00 PM
Wednesday: 10:00 AM – 7:00 PM
Thursday: 10:00 AM – 7:00 PM
Friday: 10:00 AM – 7:00 PM
Saturday: 10:00 AM – 4:00 PM
Sunday: Closed
4.70
86 reviews
Ace Cash Express
5811 S Western St, Amarillo, TX 79110 show on map
tel: 806-355-7665
Hours:
Monday: 9:00 AM – 6:00 PM
Tuesday: 9:00 AM – 6:00 PM
Wednesday: 9:00 AM – 6:00 PM
Thursday: 9:00 AM – 6:00 PM
Friday: 9:00 AM – 7:00 PM
Saturday: 10:00 AM – 5:00 PM
Sunday: Closed
4.70
46 reviews
Check 'n Go
1606 E Amarillo Blvd., Amarillo, TX 79107 show on map
permanently closed
4.60
80 reviews
Ace Cash Express
1500 E Amarillo Blvd, Amarillo, TX 79107 show on map
tel: 806-331-0867
Hours:
Monday: 10:00 AM – 7:00 PM
Tuesday: 10:00 AM – 7:00 PM
Wednesday: 10:00 AM – 7:00 PM
Thursday: 10:00 AM – 7:00 PM
Friday: 10:00 AM – 7:00 PM
Saturday: 10:00 AM – 6:00 PM
Sunday: Closed

8 CFPB Complaints in Amarillo

There were 8 CFPB complaints in Amarillo since Mar 2014.

Complaints over Years

Top 4 Companies

  • Check 'n Go: 4
  • Ace Cash Express: 2
  • Speedy Cash: 1
  • Advance America: 1

Top 3 Complaints Issues

  • Can't contact lender: 2
  • Taking/threatening an illegal action: 2
  • Took or threatened to take negative or legal action: 1

Latest Reviews

Rhonda Hatch
5 / 5 Nov 14, 2023
about TitleMax's office
3514 E Interstate 40, Amarillo, TX 79103
Nina Moreno
5 / 5 Nov 6, 2023
about TitleMax's office
3514 E Interstate 40, Amarillo, TX 79103
Aereus Wind
5 / 5 Nov 3, 2023
about Ace Cash Express's office
1500 E Amarillo Blvd, Amarillo, TX 79107

Payday Loans in Amarillo

Amarillo has its own rules for operating payday loans business. In 2014 year, Amarillo enacted the city ordinance with special restrictions.

  • Ordinance No. 7486 (Chapter 14-10)
  • Passed by the City Council on September 9, 2014
  • Signed by Paul Harpole (Mayor), Frances Hibbs (City Secretary)
Restrictions and Guidelines:
  • A fine for violating the rules is $500;
  • The lender must obtain a special certificate for doing payday-loan business ($40 for an application fee);
  • The lender must maintain the payday loan records for at least 3 years;
  • 20% of the consumer’s gross monthly income for a payday loan;
  • The lender must determine consumer income and make a copy of the document (paycheck, IRS Form W-2, tax return, signed letter for employer)
  • Max 4 installment payments (one payment – min 25% of the principal amount);
  • The single payday loan can not repay more than 3 times;
  • A new loan up to 7 days (after the old loan has been paid) will be considered a renewal.

For Complaints in Amarillo

Credit Access Business Regulation
1. Call: (806) 378-3041

Amarillo Payday Loan Stats

  • In the 2019 year, in the Amarillo MSA, were 14 store locations (payday loans and title auto loans). They made the next numbers:
    • The amount of new payday loans: $3,7 mln;
    • Fee charges: $4,4 mln;
    • Refinances: $4,3 mln;
    • the average loan term for an installment payday loan was 159 days;
    • the average fee for every $100 installment payday loan was $128.

Questions/Answers

Amarillo Residents Debt-to-Income Ratios
Amarillo residents have 672 median credit score and the average number of late payments is about 5.52. Below represented DTI (Debt-to-Income) ratios shows how Amarillo residents debts stacks up against their income. As of 2020.
Credit Card DTI
5.87%
Mortgage DTI
285.24%
Car Loan DTI
44.19%
Student Loan DTI
40.72%
Amarillo Residents Financial Statistics
Below represented statistics is for Amarillo, Potter County, Texas. As of 2019.
Median age of Amarillo's residents, years
34
Labour force participation rate, %
66.7%
Unemployment rate, %
3.6%
% of residents with no health insurance
16.5%
Median individual income, USD
$29,382
Median household income, USD
$52,725
% of households with income under $35,000
33.6%
% of households with income $35,000 - $75,000
33.6%
% of households with income $75,000 - $100,000
12.1%
% of households with income over $100,000
20.8%
% of households that own their residence
60.5%
Median home value owned by residents, USD
$130,443
Median rent cost, USD
$850
Rent Burden, %
29.0%
Some official sources of data we used to build this page:
ACS CENSUS IRS USGS
Texas Flag
Amarillo, TX
Payday Loans are legal* in Texas.
Store
5 Local Stores
Company
3 Companies
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1597 Reviews
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