Payday Loans in Waco
Waco created new rules for payday loan lenders in 2015. The city limited amount of loan, number of installments and renewals.
Waco Payday Loans Stats
- The 2015 year
- 36 payday and auto title lenders in the City;
- $10 mill in fees for the 2014 year.
Payday Loan Alternative in Waco
- Loan amount – up to $1,000;
- ARP – 21.8%
Waco Residents Debt-to-Income Ratios
Waco residents have 644 median credit score and the average number of late payments is about 8.11. Below represented DTI (Debt-to-Income) ratios shows how Waco residents debts stacks up against their income. As of 2020.
Credit Card DTI
Car Loan DTI
Student Loan DTI
Waco Residents Financial Statistics
Below represented statistics is for Waco, McLennan County, Texas. As of 2019.
Median age of Waco's residents, years
Labour force participation rate, %
Unemployment rate, %
% of residents with no health insurance
Median individual income, USD
Median household income, USD
% of households with income under $35,000
% of households with income $35,000 - $75,000
% of households with income $75,000 - $100,000
% of households with income over $100,000
% of households that own their residence
Median home value owned by residents, USD
Median rent cost, USD
Rent Burden, %
Some official sources of data we used to build this page:
Payday Loans are legal* in Texas.