Houston, TX Payday Loan Lenders

Houston is a major industrial city in Texas, the USA, and it has a strategic meaning for the nation’s economy. It is the state’s largest city, both in size and population. Apart from tremendous economic potential, the city boasts a status of a great tourist destination, largely thanks to numerous museums, theaters and NASA’s Johnson Space Center.

Like any other state where payday lending is legal, Houston is home to a number of lenders’ offices. The biggest ones, such as Ace Cash Express, Check’n Go, Speedy Cash, Advance America, etc., are known across the nation. It is a kind of business, which will always be there, because there is always someone running into unexpected financial difficulty and in need of some money.

Legal Aspects of Payday Loans in Houston

Houston Geography

Houston is located near the Gulf of Mexico in a flat and water-rich area with a subtropical climate. This combination makes it pretty much exposed to flooding. The city is quite large in size: it occupies 601.7 square miles, of which 22.3 square miles account for water reservoirs. Summers are hot and humid, while winters are mild. Hurricanes rarely hit the area (the 1900 devastation was a tragic and disastrous exception). 

Houston History

The city started in August 1836 by Augustus Chapman and John Kirby (the Allen Brothers). During the following years, the city evolved into a major railroad hub, as export of cotton, which was galore in the area, flourished. In the early 1900s, despite the hurricane devastation, the city was still promoted as a port and became a center of the nation’s petroleum industry, which started after the discovery of an oil deposit. The industry got another shot during the WWII, as the global demand for oil products increased. The city continued to grow politically and economically during post-war years and afterwards.

Houston Population and Demographics

Houston’s population is 2 312 720 people. It is ethnically diverse, and it has witnessed a significant increase in the Hispanic white population. Median age is 32.9 years old, and the biggest groups are people in their twenties (17.2%) and thirties (16.1%), as these are the most economically active groups. Median household income is $49 399. Up to 16.7% of households boas an income of $50 000 to $75 000; 48.8% of households have six-figure incomes. Individual incomes average $26 658; 43.3% of citizens have a home in possession. Home values average $148 075, rent burdens – $1063. 

The ethnic makeup is: Whites are 58.5%, Hispanic Whites – 44.5%, African Americans account for a share of 22.9%, Asians – 6.7%, Native and Pacific groups – 0.3% and 0.1% respectively. 

Houston Today

Today’s Huston is one of the world’s biggest oil and gas industry sites. It concentrates quite a share of the global renewable energy center thanks to its location in a warm and sun-rich region. Its location near the Mexican border puts it at a crossroads of different cultures, where different exciting events and festivals take place every year (the Art Car Parade, the Bayou City Art Festival, the Houston Livestock Show and Rodeo, etc.) The city boasts a vibrant cultural life, as it is home to the Houston Theater District, where a plethora of theaters of nearly all existing genres are found.

Some official sources of data we used to build this page: