Can I get a personal loan in Texas with The Lending Group?

Yes. The Lending Group matches Texas residents with lending partners licensed to make consumer installment loans in the state. You submit one soft-pull form and compare pre-qualified offers from $2,500 to $50,000 with fixed APRs from 6.99% to 24.99%.

Who regulates personal loan lenders in Texas?

The Office of Consumer Credit Commissioner (OCCC) licenses and examines consumer installment lenders in Texas under Chapter 342 of the Texas Finance Code. The OCCC maintains a public license roster and accepts consumer complaints directly.

Is there an interest rate cap on personal loans in Texas?

Texas does not use a single flat cap. Chapter 342 sets rate brackets and authorized fees that vary with loan size and term, and licensed lenders must price within them. Every offer you receive must disclose the APR and total finance charge in writing before you sign.

How much can I borrow in Texas?

Partners in our network offer $2,500 to $50,000 to Texas borrowers. What you actually qualify for depends on income, credit profile, debt-to-income ratio, and each lender's own limits.

How fast do personal loans fund in Texas?

Comparing offers takes about 60 seconds. After you choose a lender and complete their verification, most approved loans deposit within one to three business days, and some partners fund the same day for eligible borrowers.

Are payday loans and personal loans the same thing in Texas?

No. Most Texas storefront payday and auto-title products are offered through credit access businesses, whose fee structures push effective annual costs into the triple digits. A Chapter 342 installment loan is a fundamentally different and far cheaper product.

Can I get a personal loan in Texas with bad credit?

Options exist below 620 but are limited, priced near the top of the range, and often capped at smaller amounts. Adding a creditworthy co-borrower, documenting additional income, or lowering card balances for a few months before applying will improve your offers.

Can I use a Texas personal loan for storm or freeze repairs?

Yes. Roof replacement, HVAC and heat-pump work, plumbing repair after a hard freeze, and generator installation are all permitted uses. An unsecured personal loan closes faster than home equity financing and does not pledge your property as collateral.

Do I need to be a Texas resident to apply?

You need a verifiable Texas residential address to be matched with lenders serving the state. If you have recently moved, use your current address — lender licensing follows where you live, not where you previously lived.

How does no state income tax affect my Texas loan application?

Lenders underwrite on gross income and debt-to-income ratio, so the absence of a state income tax does not directly change your offer. It can help indirectly, since more take-home pay improves your ability to carry the payment.

Can self-employed or oilfield contract workers qualify in Texas?

Yes, though variable income gets extra scrutiny. Be ready to document roughly two years of earnings through tax returns, 1099s, or several months of bank statements showing consistent deposits.

Is there a prepayment penalty on Texas personal loans?

Loans in our network carry no prepayment penalty, so you can pay extra or clear the balance at any time and keep the unaccrued interest. Confirm this in your specific lender's agreement before signing.

What if a Texas lender treats me unfairly?

File a complaint with the Texas OCCC, which can examine the lender and order restitution, and with the federal Consumer Financial Protection Bureau. Keep every disclosure and statement you were given.

Does The Lending Group lend money in Texas?

No. The Lending Group is an online marketplace. We do not fund loans, set rates, or make credit decisions. All loans are made by licensed lending partners, and using our comparison service is free to you.

What credit score do I need for a personal loan in Texas?

Most lending partners serving Texas look for a FICO score of 580 or higher, and the widest selection of offers opens at 670. Score is only one input: verifiable income, debt-to-income ratio, and payment history carry real weight. The Lending Group is a marketplace, not a lender, so we do not set score cutoffs — each licensed partner applies its own.

What income do I need to qualify in Texas?

There is no single statewide income floor. Partners generally want to see steady, verifiable recurring income — pay stubs, 1099s, benefit letters, or several months of bank deposits — and enough room in your budget that the new payment keeps total debt-to-income at or below roughly 43%. Many TX applicants qualify from about $1,500 a month in documented income.

Can I apply in Texas if I receive Social Security, disability, or pension income?

Yes. Fixed benefit income is treated as qualifying income by most partners as long as it is recurring and documentable with an award letter or bank deposits. Because that income does not typically rise, lenders pay close attention to the payment-to-income ratio, so a longer term with a smaller payment often produces a better outcome.

Can I get a personal loan in Texas without a job?

Employment is not strictly required, but income is. Self-employment, contract work, rental income, retirement distributions, alimony, and benefits can all qualify when documented. Applications with no verifiable income source are declined by essentially every partner in the network.

Do I need a bank account to borrow in Texas?

Yes. Partners fund by ACH deposit and collect payments the same way, so an active checking account in your own name is required. Prepaid cards and accounts held solely in someone else's name will not work for funding or autopay.

Can two people apply together on a Texas personal loan?

Several partners accept co-borrowers or co-signers, which can lift the approval odds and lower the APR when the second applicant has stronger credit. Both people are fully liable for the balance, and the loan appears on both credit reports. Availability of joint applications varies by lender.

Will applying from Texas hurt my credit score?

No. Comparing offers uses a soft credit inquiry that only you can see and that has no effect on FICO or VantageScore. A hard inquiry happens only after you choose a specific offer and that lender pulls credit to finalize underwriting — a step you control.

What is a good personal loan APR in Texas right now?

For 2026, a fixed APR under about 11% is strong for Texas borrowers with excellent credit, 12% to 18% is competitive in the good-credit range, and anything above 25% deserves a second look against alternatives. Rate limits in Texas are shaped by Texas Finance Code Ch. 342 — capped under ch. 342 rate brackets.

Are there origination fees on Texas personal loans?

Some partners charge an origination fee, typically 1% to 8%, deducted from the amount deposited; others charge none. The fee is folded into the APR by law, which is exactly why you should compare APR rather than the quoted interest rate. Request the amount financed and the total finance charge in writing before signing.

Why do two Texas lenders quote me different rates for the same application?

Each lender uses its own risk model, cost of funds, and target borrower. Two partners looking at an identical TX applicant can be several percentage points apart. On a $20,000 five-year loan a five-point spread is roughly $3,300 in interest, which is the entire reason the marketplace exists.

Are personal loan rates in Texas fixed or variable?

Offers presented through the marketplace are fixed-rate installment loans: the APR, the monthly payment, and the payoff date are locked at signing. That is a meaningful contrast with credit cards and HELOCs, whose variable rates move with the prime rate.

Can I refinance an existing Texas personal loan for a lower rate?

Yes. If your score has improved or rates have moved, you can compare new offers and use the proceeds to retire the old balance. Check whether the current loan carries a prepayment penalty and compare remaining total interest rather than payment size before you refinance.

How much does a $10,000 personal loan cost in Texas?

At 12.99% over 48 months a $10,000 loan runs about $268 a month and roughly $2,860 in total interest. At 19.99% the same loan is about $304 a month and roughly $4,590 in interest. Our personal loan calculator lets you model your own Texas numbers before applying.

Which agency should a Texas borrower contact with a lender complaint?

Start with the Texas OCCC, which licenses and examines consumer lenders under Texas Finance Code Ch. 342 and can investigate, order corrective action, and publish licensee records. You can also file with the federal Consumer Financial Protection Bureau. Keep every disclosure, statement, and message from the lender.

How do I verify a lender is licensed in Texas?

Check the Texas OCCC licensee lookup and the NMLS Consumer Access database, then confirm the exact legal entity name on your loan documents matches the licensed entity. Never send an advance "insurance," "processing," or "first payment" fee to secure a loan — that is a hallmark of an advance-fee scam, not a licensed lender.

What federal disclosures should a Texas borrower receive before signing?

The Truth in Lending Act requires the APR, finance charge, amount financed, total of payments, and payment schedule in writing before you become obligated. The Equal Credit Opportunity Act bars discrimination and entitles you to a written adverse-action notice if you are declined. State rules under Texas Finance Code Ch. 342 apply on top of these federal floors.

Is there a right to cancel a personal loan in Texas?

Unsecured personal loans generally have no federal three-day rescission right — that applies to certain loans secured by your home. In practice, returning the funds promptly and paying any accrued interest is usually the cleanest exit. Read the cancellation language in your specific agreement, since terms vary by lender.

Are prepayment penalties allowed in Texas?

Partners in our network do not charge prepayment penalties, so paying ahead saves the unaccrued interest. State law and each lender's agreement govern this, so confirm the prepayment clause in the contract before you sign.

Does Texas law limit debt collection if I fall behind?

Yes. The federal Fair Debt Collection Practices Act plus Texas collection rules restrict harassment, false statements, and contact at unreasonable hours, and Texas sets its own exemptions and procedures for garnishment and judgments. Contact your lender before missing a payment — hardship plans and due-date changes are common and free to ask about.

Does The Lending Group make credit decisions or charge Texas residents a fee?

No to both. The Lending Group is an online lending marketplace, not a lender, bank, or credit union. We do not fund loans, set APRs, approve or decline applications, or service accounts — licensed lending partners do all of that. Using the comparison service is free; partners compensate us when a match results in a funded loan, and that never changes the rate you are quoted.

Texas Personal Loans

Personal Loans in Texas: Compare TX Lender Offers

Texas residents can compare unsecured personal loans from $2,500 to $50,000 with fixed APRs from 6.99% to 24.99% through The Lending Group's marketplace. Consumer installment lenders serving Texas are licensed by the Office of Consumer Credit Commissioner under Finance Code Chapter 342. Checking your rate is a soft credit pull with no score impact.

Compare offers from lenders licensed to serve Texas residents
Borrow $2,500 to $50,000 with fixed APRs from 6.99% to 24.99%
Soft credit pull only — checking your rate never affects your score
Most approved loans fund in 1–3 business days
Available statewide, from Houston, Dallas–Fort Worth, San Antonio and everywhere between
No fee to compare and no obligation to accept an offer

Check my rate →Estimate my payment

Soft credit check • No impact to your credit score • 60-second form

256-bit SSL
Soft credit pull
60-second form
No fee to compare

At a glance

State served: Texas (TX)
Loan amounts: $2,500 – $50,000
APR range: 6.99% – 24.99% fixed
Repayment terms: 24 – 84 months
Minimum credit score: 580 (670+ preferred)
State regulator: Texas OCCC
Governing law: Texas Finance Code Ch. 342
Rate & fee limits: Capped under Ch. 342 rate brackets
Typical funding time: 1 – 3 business days

Personal loan rates by credit score for Texas borrowers (2026)

Credit band	FICO range	Typical APR	What to expect
Excellent	780–850	6.99% – 10.99%	Best pricing, longest terms, largest amounts available.
Very good	740–779	8.49% – 13.99%	Strong offers from most partners with minimal conditions.
Good	670–739	11.99% – 17.99%	Widest range of competitive offers; comparison matters most here.
Fair	580–669	17.99% – 24.99%	Fewer partners, smaller amounts, may require proof of income.
Building	Below 580	Limited availability	Consider a co-borrower or a secured product instead.

APRs shown are ranges advertised by lending partners serving Texas as of 2026 and are illustrative, not an offer of credit. Your actual rate depends on credit profile, income, debt-to-income ratio, loan amount, term, and Texas law. The Lending Group is a marketplace and does not set rates or make credit decisions.

Borrowing in Texas: what local applicants should know

Texas has no state income tax but among the highest effective property tax rates in the country, which shifts a large share of household cash flow into an annual or escrowed bill rather than a monthly one. That timing mismatch is one reason Texas households turn to fixed-rate installment credit: the loan payment is level and predictable even when the tax bill is not.

Weather is the other dominant local factor. Gulf Coast hurricane season, Panhandle hail, and the hard freezes that have repeatedly stressed the ERCOT grid all produce repair bills that insurance deductibles do not fully absorb. Roof replacement, HVAC and heat-pump work, generator installation, and plumbing repairs after a freeze are recurring reasons Texas applicants request $10,000 to $30,000.

The state's metros behave differently on the credit side. Austin and the Dallas–Fort Worth corridor skew toward higher incomes and higher scores, which usually produces offers in the 6.99% to 13.99% range. Applicants across the Rio Grande Valley, East Texas, and rural counties more often land in the fair-credit bands, where comparing several offers rather than accepting the first one matters most.

Energy-sector employment adds a wrinkle. Contract, rotational, and 1099 work is common in the Permian Basin and along the Gulf refining corridor, and lenders treat variable income more cautiously. Texas applicants with non-salaried income should be ready to document two years of earnings or recent bank statements.

Texas licensing and consumer protections

Consumer installment lenders operating in Texas are licensed and examined by the Office of Consumer Credit Commissioner (OCCC), which administers Chapter 342 of the Texas Finance Code. Chapter 342 sets the permissible rate brackets, authorized fees, and disclosure requirements for regulated consumer loans, and the OCCC publishes a searchable license roster you can use to confirm any lender before you sign.

Texas does not permit unlicensed consumer lending. If a company offers you an installment loan and cannot produce an OCCC license number, that is a stop sign. The OCCC also accepts consumer complaints directly and can order restitution, which makes it the correct first call if a lender's conduct does not match its paperwork.

Texas separately regulates credit access businesses (CABs) — the structure behind most storefront payday and auto-title products in the state. CAB fees push effective annual costs into the triple digits, which is a fundamentally different product from a Chapter 342 installment loan. If you are comparing a $500 payday advance against a personal loan, you are not comparing like with like.

The Lending Group is a marketplace, not a lender or a credit access business. We do not extend credit, set rates, or make approval decisions in Texas or anywhere else. Federal protections still apply on top of state law: the Truth in Lending Act requires your APR and total finance charge in writing before you sign, and the Equal Credit Opportunity Act prohibits discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.

How the marketplace works for Texas residents

The Lending Group is an online lending marketplace, not a direct lender. We do not fund loans, set rates, or make approval decisions. We take a single Texas application and match it against licensed U.S. lending partners so you can see multiple pre-qualified offers side by side instead of filling out the same form five times.

Pricing for the same borrower varies widely between lenders. Two lenders looking at an identical 690 FICO applicant in Texas can quote APRs several percentage points apart, driven by their own risk models and funding costs. On a $20,000 five-year loan, a five-point difference is roughly $3,300 in interest — which is why comparing is the highest-value minute you will spend.

Comparing offers uses a soft credit inquiry that is visible only to you and has no effect on your FICO or VantageScore. A hard inquiry happens only if you choose a specific offer and that lender runs one to finalize underwriting.

Using the marketplace is free. We are compensated by lending partners when a match results in a funded loan, and that compensation never changes the rate you are quoted.

Common reasons Texas residents borrow

Debt consolidation is the most frequent use. Rolling several credit card balances into one fixed-rate installment loan replaces revolving minimums with a defined payoff date, and because installment debt does not count toward revolving utilization, it often lifts a score within one or two billing cycles.

Home improvement and repair follow closely — roofs, HVAC replacement, storm and weather damage repair, and accessibility work. An unsecured personal loan closes far faster than a home equity product and does not put the property up as collateral.

Medical and dental bills, auto repair, moving costs, weddings, and genuine emergencies round out the list. Common exclusions across lenders include post-secondary tuition, gambling, and any illegal purpose.

Personal loan vs. other options for Texas borrowers

How an unsecured personal loan compares with the alternatives most Texas households weigh, using typical 2026 market figures.

	Personal loan	Credit card	HELOC	401(k) loan
Typical APR	6.99% – 24.99% fixed	~22.8% variable	~8% – 10% variable	~8.5% (prime + 1%)
Collateral	None	None	Your home	Your retirement balance
Time to funding	1–3 business days	Immediate	2–6 weeks	3–10 business days
Definite payoff date	Yes	No	After draw period	Yes (5 years)
Biggest risk	Higher rate than secured	Compounding interest	Foreclosure	Taxes if you leave your job

How it works

Step 1
Tell us what you need
Enter your loan amount, purpose, and basic contact details. The form takes about 60 seconds and never asks for payment.
Step 2
Compare pre-qualified offers
We match your profile against licensed lending partners with a soft credit pull. Your credit score is not affected.
Step 3
Pick the offer that fits
Review APR, monthly payment, term, and any origination fee side by side. Compare total cost, not just the monthly payment.
Step 4
Finish with your chosen lender
Complete verification directly with the lender you select. Most approved loans deposit funds in 1–3 business days.

What lenders in our network look for

Be at least 18 years old and a U.S. citizen or permanent resident
Have a verifiable source of recurring income — employment, self-employment, benefits, or retirement
Hold an active checking account in your own name for direct deposit and repayment
Provide a valid Social Security number and government-issued photo ID
Typically a FICO score of 580 or higher, with the best pricing at 670 and above
A debt-to-income ratio generally at or below 43%, including the new loan payment
A Texas residential address and a phone number where you can be reached
Loans are made by lenders holding a Texas OCCC license; availability varies by lender

Requirements vary by lender. Meeting them does not guarantee an offer, and The Lending Group does not make credit decisions — see our marketplace disclosure.

Frequently asked questions

Can I get a personal loan in Texas with The Lending Group?: Yes. The Lending Group matches Texas residents with lending partners licensed to make consumer installment loans in the state. You submit one soft-pull form and compare pre-qualified offers from $2,500 to $50,000 with fixed APRs from 6.99% to 24.99%.
Who regulates personal loan lenders in Texas?: The Office of Consumer Credit Commissioner (OCCC) licenses and examines consumer installment lenders in Texas under Chapter 342 of the Texas Finance Code. The OCCC maintains a public license roster and accepts consumer complaints directly.
Is there an interest rate cap on personal loans in Texas?: Texas does not use a single flat cap. Chapter 342 sets rate brackets and authorized fees that vary with loan size and term, and licensed lenders must price within them. Every offer you receive must disclose the APR and total finance charge in writing before you sign.
How much can I borrow in Texas?: Partners in our network offer $2,500 to $50,000 to Texas borrowers. What you actually qualify for depends on income, credit profile, debt-to-income ratio, and each lender's own limits.
How fast do personal loans fund in Texas?: Comparing offers takes about 60 seconds. After you choose a lender and complete their verification, most approved loans deposit within one to three business days, and some partners fund the same day for eligible borrowers.
Does checking my rate affect my Texas credit score?: No. Comparing offers here uses a soft credit pull, which is visible only to you and has no effect on your FICO or VantageScore. A hard inquiry only occurs if you select a specific offer and that lender runs one to finalize the loan.
Are payday loans and personal loans the same thing in Texas?: No. Most Texas storefront payday and auto-title products are offered through credit access businesses, whose fee structures push effective annual costs into the triple digits. A Chapter 342 installment loan is a fundamentally different and far cheaper product.
Can I get a personal loan in Texas with bad credit?: Options exist below 620 but are limited, priced near the top of the range, and often capped at smaller amounts. Adding a creditworthy co-borrower, documenting additional income, or lowering card balances for a few months before applying will improve your offers.
Can I use a Texas personal loan for storm or freeze repairs?: Yes. Roof replacement, HVAC and heat-pump work, plumbing repair after a hard freeze, and generator installation are all permitted uses. An unsecured personal loan closes faster than home equity financing and does not pledge your property as collateral.
Do I need to be a Texas resident to apply?: You need a verifiable Texas residential address to be matched with lenders serving the state. If you have recently moved, use your current address — lender licensing follows where you live, not where you previously lived.
How does no state income tax affect my Texas loan application?: Lenders underwrite on gross income and debt-to-income ratio, so the absence of a state income tax does not directly change your offer. It can help indirectly, since more take-home pay improves your ability to carry the payment.
Can self-employed or oilfield contract workers qualify in Texas?: Yes, though variable income gets extra scrutiny. Be ready to document roughly two years of earnings through tax returns, 1099s, or several months of bank statements showing consistent deposits.
Is there a prepayment penalty on Texas personal loans?: Loans in our network carry no prepayment penalty, so you can pay extra or clear the balance at any time and keep the unaccrued interest. Confirm this in your specific lender's agreement before signing.
What if a Texas lender treats me unfairly?: File a complaint with the Texas OCCC, which can examine the lender and order restitution, and with the federal Consumer Financial Protection Bureau. Keep every disclosure and statement you were given.
Does The Lending Group lend money in Texas?: No. The Lending Group is an online marketplace. We do not fund loans, set rates, or make credit decisions. All loans are made by licensed lending partners, and using our comparison service is free to you.
What credit score do I need for a personal loan in Texas?: Most lending partners serving Texas look for a FICO score of 580 or higher, and the widest selection of offers opens at 670. Score is only one input: verifiable income, debt-to-income ratio, and payment history carry real weight. The Lending Group is a marketplace, not a lender, so we do not set score cutoffs — each licensed partner applies its own.
What income do I need to qualify in Texas?: There is no single statewide income floor. Partners generally want to see steady, verifiable recurring income — pay stubs, 1099s, benefit letters, or several months of bank deposits — and enough room in your budget that the new payment keeps total debt-to-income at or below roughly 43%. Many TX applicants qualify from about $1,500 a month in documented income.
Can I apply in Texas if I receive Social Security, disability, or pension income?: Yes. Fixed benefit income is treated as qualifying income by most partners as long as it is recurring and documentable with an award letter or bank deposits. Because that income does not typically rise, lenders pay close attention to the payment-to-income ratio, so a longer term with a smaller payment often produces a better outcome.
Can I get a personal loan in Texas without a job?: Employment is not strictly required, but income is. Self-employment, contract work, rental income, retirement distributions, alimony, and benefits can all qualify when documented. Applications with no verifiable income source are declined by essentially every partner in the network.
Do I need a bank account to borrow in Texas?: Yes. Partners fund by ACH deposit and collect payments the same way, so an active checking account in your own name is required. Prepaid cards and accounts held solely in someone else's name will not work for funding or autopay.
Can two people apply together on a Texas personal loan?: Several partners accept co-borrowers or co-signers, which can lift the approval odds and lower the APR when the second applicant has stronger credit. Both people are fully liable for the balance, and the loan appears on both credit reports. Availability of joint applications varies by lender.
Will applying from Texas hurt my credit score?: No. Comparing offers uses a soft credit inquiry that only you can see and that has no effect on FICO or VantageScore. A hard inquiry happens only after you choose a specific offer and that lender pulls credit to finalize underwriting — a step you control.
What is a good personal loan APR in Texas right now?: For 2026, a fixed APR under about 11% is strong for Texas borrowers with excellent credit, 12% to 18% is competitive in the good-credit range, and anything above 25% deserves a second look against alternatives. Rate limits in Texas are shaped by Texas Finance Code Ch. 342 — capped under ch. 342 rate brackets.
Are there origination fees on Texas personal loans?: Some partners charge an origination fee, typically 1% to 8%, deducted from the amount deposited; others charge none. The fee is folded into the APR by law, which is exactly why you should compare APR rather than the quoted interest rate. Request the amount financed and the total finance charge in writing before signing.
Why do two Texas lenders quote me different rates for the same application?: Each lender uses its own risk model, cost of funds, and target borrower. Two partners looking at an identical TX applicant can be several percentage points apart. On a $20,000 five-year loan a five-point spread is roughly $3,300 in interest, which is the entire reason the marketplace exists.
Are personal loan rates in Texas fixed or variable?: Offers presented through the marketplace are fixed-rate installment loans: the APR, the monthly payment, and the payoff date are locked at signing. That is a meaningful contrast with credit cards and HELOCs, whose variable rates move with the prime rate.
Can I refinance an existing Texas personal loan for a lower rate?: Yes. If your score has improved or rates have moved, you can compare new offers and use the proceeds to retire the old balance. Check whether the current loan carries a prepayment penalty and compare remaining total interest rather than payment size before you refinance.
How much does a $10,000 personal loan cost in Texas?: At 12.99% over 48 months a $10,000 loan runs about $268 a month and roughly $2,860 in total interest. At 19.99% the same loan is about $304 a month and roughly $4,590 in interest. Our personal loan calculator lets you model your own Texas numbers before applying.
Which agency should a Texas borrower contact with a lender complaint?: Start with the Texas OCCC, which licenses and examines consumer lenders under Texas Finance Code Ch. 342 and can investigate, order corrective action, and publish licensee records. You can also file with the federal Consumer Financial Protection Bureau. Keep every disclosure, statement, and message from the lender.
How do I verify a lender is licensed in Texas?: Check the Texas OCCC licensee lookup and the NMLS Consumer Access database, then confirm the exact legal entity name on your loan documents matches the licensed entity. Never send an advance "insurance," "processing," or "first payment" fee to secure a loan — that is a hallmark of an advance-fee scam, not a licensed lender.
What federal disclosures should a Texas borrower receive before signing?: The Truth in Lending Act requires the APR, finance charge, amount financed, total of payments, and payment schedule in writing before you become obligated. The Equal Credit Opportunity Act bars discrimination and entitles you to a written adverse-action notice if you are declined. State rules under Texas Finance Code Ch. 342 apply on top of these federal floors.
Is there a right to cancel a personal loan in Texas?: Unsecured personal loans generally have no federal three-day rescission right — that applies to certain loans secured by your home. In practice, returning the funds promptly and paying any accrued interest is usually the cleanest exit. Read the cancellation language in your specific agreement, since terms vary by lender.
Are prepayment penalties allowed in Texas?: Partners in our network do not charge prepayment penalties, so paying ahead saves the unaccrued interest. State law and each lender's agreement govern this, so confirm the prepayment clause in the contract before you sign.
Does Texas law limit debt collection if I fall behind?: Yes. The federal Fair Debt Collection Practices Act plus Texas collection rules restrict harassment, false statements, and contact at unreasonable hours, and Texas sets its own exemptions and procedures for garnishment and judgments. Contact your lender before missing a payment — hardship plans and due-date changes are common and free to ask about.
Does The Lending Group make credit decisions or charge Texas residents a fee?: No to both. The Lending Group is an online lending marketplace, not a lender, bank, or credit union. We do not fund loans, set APRs, approve or decline applications, or service accounts — licensed lending partners do all of that. Using the comparison service is free; partners compensate us when a match results in a funded loan, and that never changes the rate you are quoted.

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