McAllen, TX Payday Loans Lenders

13 local stores from 6 companies located in McAllen, TX
Rating
Reviews
Lender
4.84
400
reviews
Ace Cash Express
Ace Cash Express
has 5 offices
5.00
254
reviews
Action Express Loans
4.43
369
reviews
Advance America
Advance America
has 2 offices
4.90
213
reviews
Check 'n Go
Check 'n Go
has 1 office
4.60
187
reviews
Speedy Cash
Speedy Cash
has 1 office
5.00
895
reviews
TitleMax
TitleMax
has 3 offices

All McAllen, TX Lenders Offices by Rating

Rating
Office Address
5.00
442 reviews
TitleMax
501 N. 10th St., McAllen, TX 78501 show on map
tel: 956-468-0001
Hours:
Monday: 10AM–7PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–7PM
Saturday: 10AM–2PM
Sunday: Closed
5.00
254 reviews
Action Express Loans
100 N 10th St, McAllen, TX 78501 show on map
tel: 956-322-4611
Hours:
Monday: 9AM–9PM
Tuesday: 9AM–9PM
Wednesday: 9AM–9PM
Thursday: 9AM–9PM
Friday: 9AM–9PM
Saturday: Closed
Sunday: Closed
5.00
234 reviews
TitleMax
4411 N. 10th St., McAllen, TX 78504 show on map
tel: 956-253-0037
Hours:
Monday: 10AM–7PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–7PM
Saturday: 10AM–2PM
Sunday: Closed
5.00
219 reviews
TitleMax
800 S. Jackson Rd., McAllen, TX 78503 show on map
tel: 956-253-1388
Hours:
Monday: 10AM–7PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–7PM
Saturday: 10AM–2PM
Sunday: Closed
4.90
213 reviews
Check 'n Go
1514 10th Street, McAllen, TX 78501 show on map
tel: 956-682-3101
Hours:
Monday: 10AM–6PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–6PM
Saturday: 10AM–2PM
Sunday: Closed
4.90
128 reviews
Ace Cash Express
3608 Pecan Blvd, McAllen, TX 78501 show on map
tel: 956-630-6767
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.90
108 reviews
Advance America
1424 E. Ridge Rd., Ste. 6, McAllen, TX 78503 show on map
tel: 956-994-9743
Hours:
Monday: 10AM–6PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–6PM
Saturday: 10AM–3PM
Sunday: Closed
4.90
105 reviews
Ace Cash Express
630 S 23rd St, Mcallen, TX 78501 show on map
tel: 956-631-6161
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.90
65 reviews
Ace Cash Express
1001 S 10th St, Mcallen, TX 78501 show on map
permanently closed
4.80
73 reviews
Ace Cash Express
2109 N10th St, Mcallen, TX 78501 show on map
tel: 956-618-3400
Hours:
Monday: 9AM–7PM
Tuesday: 9AM–7PM
Wednesday: 9AM–7PM
Thursday: 9AM–7PM
Friday: 9AM–7PM
Saturday: 9AM–5PM
Sunday: Closed
4.70
29 reviews
Ace Cash Express
2812 W Nolana Ave, McAllen, TX 78504 show on map
permanently closed
4.60
187 reviews
Speedy Cash
1521 N 10th St, McAllen, TX 78501 show on map
tel: 956-630-9558
Hours:
Monday: 8AM–8PM
Tuesday: 8AM–8PM
Wednesday: 8AM–8PM
Thursday: 8AM–8PM
Friday: 8AM–8PM
Saturday: 8AM–8PM
Sunday: Closed
3.95
261 review
Advance America
2022 N. 10th St., McAllen, TX 78501 show on map
tel: 956-682-9219
Hours:
Monday: 10AM–6PM
Tuesday: 10AM–6PM
Wednesday: 10AM–6PM
Thursday: 10AM–6PM
Friday: 10AM–6PM
Saturday: 10AM–3PM
Sunday: Closed

5 CFPB Complaints in McAllen

There were 5 CFPB complaints in McAllen since Dec 2015.

Complaints over Years

Top 4 Companies

  • Speedy Cash: 2
  • Ace Cash Express: 1
  • Check 'n Go: 1
  • Community Choice Financial: 1

Top 3 Complaints Issues

  • Took or threatened to take negative or legal action: 1
  • Communication tactics: 1
  • Improper contact or sharing of info: 1

Latest Reviews

Roberto Barajas
5 / 5 Sep 2, 2022
about Advance America's office
1424 E. Ridge Rd., Ste. 6, McAllen, TX 78503
Magii Williams
5 / 5 Aug 30, 2022
about TitleMax's office
800 S. Jackson Rd., McAllen, TX 78503
Monica Zamora
5 / 5 Aug 29, 2022
about TitleMax's office
4411 N. 10th St., McAllen, TX 78504
Peggy E.
5 / 5 Mar 5, 2021
about Advance America's office
2022 N. 10th St., McAllen, TX 78501
Maria G.
1 / 5 Jun 24, 2015
about Advance America's office
2022 N. 10th St., McAllen, TX 78501

Payday Loans in McAllen

The 2017 year, in McAllen MSA payday loan lenders did next numbers:

  • the number of borrowers per 10,000 adults – 679
  • the number of new loans per 10,000 adults – 1030

The 2019 year:

  • the number of borrowers per 10,000 adults – 515
  • the number of new loans per 10,000 adults – 728.

The 2019 year, in McAllen MSA, operated 81 stores (payday and title loans), they did next numbers for the year:

  • The amount of new payday loans: $26 mln
  • Fee charges: $38 mln
  • Refinances: $39 mln
  • the average loan term for a single payday loan was 19 days
  • the average loan term for an installment payday loan was 166 days
  • the average fee for every $100 single payday loan was $22
  • the average fee for every $100 installment payday loan was $155

The 2020 year, in the City McAllen, operates 24 stores, where borrowers can obtain quick cash with no credit check:

  • ACE CASH EXPRESS (5 stores);
  • TitleMax (3 stores);
  • LOANSTAR TITLE LOANS (3 stores);
  • DISCOUNT TITLE LOANS (3 stores);
  • ADVANCE AMERICA (2 stores);
  • CHECK N GO (1 store);
  • SPEEDY CASH (1 store);
  • APPROVED MONEY CENTER (1 store);
  • ACTION EXPRESS LOANS (1 store);
  • Unnamed (4 stores).

Store Locations vs Household Income

Census.gov Data of Households Income as of 2019 and Offices Distribution as of 2021.
Legend:
Less than $25,000
$25,001 - $50,000
$50,001 - $75,000
$75,001 - +$100,000

McAllen is a city in southern Texas that has 9 payday loan stores. The number is small. Let’s understand the relationship between the payday loan stores and the average household income in McAllen city.

The McAllen convention center area has an average income of $30,000 with one payday loan lending store.

The De Palmas Historic District area has a greater number of payday loan stores with an average household income of $15,000.

Parts of the city where the average income is greater than $50,000 like H-E-B Plus, McAllen International Airport have been seen with little or no payday loan store. Overall, it can be seen from the map that the average household income of McAllen and the roundabout area is lower.

The Costco Wholesale store area has an average income of $30,000 with 1 to 2 payday loan lending stores.

The South Texas College area has an average income of $35,000. In a nutshell, it can be concluded that the overall average household income of McAllen city is lower and has scattered payday loan stores throughout the city. The areas where the average income is around $30,000 have a greater number of payday loan stores as compared to the areas where the average income is higher.

McAllen Residents Debt-to-Income Ratios
McAllen residents have 659 median credit score and the average number of late payments is about 6.34. Below represented DTI (Debt-to-Income) ratios shows how McAllen residents debts stacks up against their income. As of 2020.
Credit Card DTI
6.99%
Mortgage DTI
260.63%
Car Loan DTI
51.37%
Student Loan DTI
35.08%
McAllen Residents Financial Statistics
Below represented statistics is for McAllen, Hidalgo County, Texas. As of 2019.
Median age of McAllen's residents, years
33
Labour force participation rate, %
62.5%
Unemployment rate, %
6.3%
% of residents with no health insurance
25.3%
Median individual income, USD
$22,302
Median household income, USD
$46,804
% of households with income under $35,000
39.8%
% of households with income $35,000 - $75,000
27.9%
% of households with income $75,000 - $100,000
10.3%
% of households with income over $100,000
22.0%
% of households that own their residence
60.8%
Median home value owned by residents, USD
$122,688
Median rent cost, USD
$789
Rent Burden, %
34.0%
Some official sources of data we used to build this page:
ACS CENSUS IRS USGS
Texas Flag
McAllen, TX
Payday Loans are legal* in Texas.
Store
13 Local Stores
Company
6 Companies
Review
2318 Reviews
Online
YES Online Loans