Please note:
For persons residing in the State of Texas, FALFITA Capital LLC, doing business as TX Easy Credit, will NOT be the direct lender on any loan or credit extension that you may be offered from this website. TX Easy Credit is a Credit Access Business (“CAB”) and Credit Service Organization (“CSO”) and will attempt to find you a loan at a rate under 10% interest with a third party lender. TX Easy Credit will fund, service and collect payments on the loan and provide a guarantee to the third party lender for your loan. Call TX Easy Credit 480-716-7272 for any questions or inquiries on your loan.
Loan Amount and Duration:
The average Loan amounts for Texas range from $100 to $1000. The loans are no more than a 180 day repayment schedule with substantially equal payments and a balloon payment of principal, interest, and CAB fee on the final payment . If timely payments are made, the final scheduled payment will payoff the loan in full . Once your application and income are reviewed, you will be notified of the amount you are eligible for. Loan Terms are Approximately 5 to 5.5 months.
Interest Rates and Fee:
The third party lender charges an interest rate not to exceed 10% and the CSO/CAB charges a fee which is charged when you take out the loan and on each scheduled payment based on a percentage of the actual outstanding principal balance. For example, if your income is paid bi-weekly, the CAB fees will be approximately $25 per $100 of the principal balance assessed when you take out the loan and for each scheduled payment. If your income is paid monthly, the CAB fees will be approximately $60 per $100 of the principal balance assessed when you take out the loan and for each scheduled payment.
APR / Annual Percentage Rate:
Total Interest and CSO/CAB Fees Rate: Combining both the Interest Rate and CSO/CAB Fees express as an Annual Percentage Rate. The APR may be 699% APR however rates and interest may vary based upon on the loan amount and applicant’s qualifications.
Prepayment:
You may payoff your Loan at any time prior to the final payment date without penalty and pay the interest that have accrued up to the date of your payoff. Please note that the initial CSO fee is earned when you received your loan (unless you rescind your loan) and CSO Fees are charged to you on every scheduled payment date. You have the right to cancel your loan without penalty or fee within three days of signing the Loan Agreement. To cancel you must notify the CSO AND return the principal amount of the loan you received. If you do not return the principal within this time period, you loan will not be cancelled.
Examples of Loans for Texas:
CLICK on the links below for to display the costs associated with Sample Texas Loans on the Consumer Disclosure Forms required by Texas Law. Please note the CAB/CSO Fees, the Interest, APR, loan amount and loan term will vary based on our your application, qualification and income.
Consumer Disclosure
Fee Schedule & OCC Notice
State Agency & Notice Regarding Consumer Credit
TX Easy Credit obtained a license with the Texas Office of Consumer Credit Commissioner. You may contact the Consumer Credit Hotline for information or assistance. Office of Consumer Credit Commissioner, 2601 North Lamar Boulevard, Austin, Texas 78705-4207, (800)538-1579, consumer.complaints@occc.texas.gov, occc.texas.gov.
The Loans or extension of credit obtained through an installment or payday loan is not intended to meet long-term financial needs and should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.
Please call us at 480-716-7272 and your Loan Officer will provide you of the exact rate, fee and payments for your loan.
Additional Loan Details
- -Minimum $100
- -Maximum $1,500
- -Loan Terms range from 5 to 5.5 months with no prepayment penalty**
- -Annual Percentage Rate is approximately 699%**
** Actual Loan Terms, Fees, Interest and other loan terms vary based on applicants qualification and vary by state