It’s not fun to hear, but we don’t have nearly as much control over our lives as we’d like to think. Try as we may, there are circumstances far beyond our ability to keep from happening. Things fall apart; people get sick, we lose our jobs, we lose our living arrangements, and the list goes on.

Before you move on with your life because you think this blog is going to be a total downer, we’ll stop right there with the brutal honesty. We aren’t just in the mood to be negative, believe it or not; rather, we want our readers to be aware of the “slings and arrows of outrageous fortune,” as William Shakespeare put it. Bad things might happen. Bad things might happen that we weren’t planning for, as is usually the case. But what can be done? If you are strapped for cash and have poor credit, Your Loan Depot can help with affordable and reliable payday and car title loans.

We bet that if you’ve come to this blog, you might already be in need of some emergency cash. We’d also wager that you aren’t the type of person who makes big decisions without doing a bit of research on the matter. Today’s post is intended to help aid such research so that you know what others don’t about payday loans. That being said, keep reading if you are interested in learning a few little-known facts about payday loans that might surprise and educate you!

PDL Facts

  • The average amount of a payday loan is just under $400. The median figure is right around $350. If you are looking for the kind of loan that serves as a “bridge” between paychecks, a Texas payday loan might be worth your consideration.
  • The average payday loan has a repayment period of two weeks. However, most folks don’t end up paying back their PDL until 175 days (or so) have passed! That’s less than ideal. We can’t control what the entire industry does, but we can work closely with our customers to make sure they understand the exact structure of the repayment plan. We want you to be financially secure here at Your Loan Depot!
  • You can get a payday loan even if you have a bad credit score. We mentioned it above, but it bears repeating since this fact is one of the most significant benefits PDLs offer. While it doesn’t necessarily mean that you should definitely get a payday loan as soon as you can, it might be a way to circumvent the vicious cycle that having credit card debt can get you into.
  • Your Loan Depot has numerous locations throughout the state of Texas. From Houston to Dallas, and pretty much everywhere in between, we are a Texas payday loan company worth our salt. We are reliable and communicative, so that our customers know exactly what is happening with regards to their financial future. We want you to get out of troubling situations, not create more for yourself!

Come to one of our many Texas locations at your convenience!