Rates and Notices

ABOUT PAYDAY LOANS

An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs.  A payday loan or auto title loan 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. If you have any additional concerns, please reach out to: OCCC Consumer Complaints

TEXAS OCCC NOTICE & FEE SCHEDULE

The loan agreement is governed by the applicable laws of the state of Texas.

TEXAS OCCC NOTICE:

An advance of money obtained through a payday loan is not intended to meet long-term financial needs. A payday loan 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.

CONSUMER CREDIT NOTICE: This business is licensed and examined by the State of Texas-Office of Consumer Credit Commissioner. Call the Consumer Credit Hotline or write for credit information or assistance with credit problems.

OFFICE OF CONSUMER CREDIT COMMISSIONER: 2601 North Lamar Boulevard, Austin, Texas 78705-4207, (800) 538-1579, consumer.complaints@occc.state.tx.us,  www.occc.state.tx.us

CREDIT ACCESS BUSINESS DISCLOSURE:

Fig Loans Texas, LLC will not be the lender for loans received at this site. Fig Loans Texas, LLC is a Credit Access Business. We will attempt to arrange a loan between you and a third party lender and service that loan once it is issued. Any questions, service issues or complaints about your loan will be addressed by Fig Loans Texas, LLC and not the lender.

Your Credit Access Business ("CAB") fee average over the term of your loan will be $10.10 per $100.00 borrowed each month (see examples below for total effective Loan APR1). Your specific CAB fee will be calculated based on the outstanding loan principal each month. You will also be charged interest by your lender of 10% APR on the loan principal.

For all loans, late fees of 5% will be assessed for each loan payment that is not received within 10 days of such payments’ due date. In addition, 10% interest per year for will be charged for unpaid loan payments. In addition, your CAB fees will not be reduced if you are delinquent in any loan or CAB fee payments. You will be required to pay the applicable, unreduced CAB fee each month until you become current on your obligations to repay the loan and your obligations to pay CAB fees.

An example of our fees:

Amount Advanced $300.00 $400.00 $500.00
Loan Length 120 days 120 days 120 days
Loan APR1 190% 190% 190%
CAB fees $121.19 $161.55 $201.94
Interest Charge $6.25 $8.33 $10.42
Late Charges for CAB Fees $15 per month $20 per month $25 per month
Late Fees and Default Interest for Loan 5% late charge per missed payment + default interest of 10% per year 5% late charge per missed payment + default interest of 10% per year 5% late charge per missed payment + default interest of 10% per year
Total Repayment Amount $427.44 $569.88 $712.36
Sample $300 Dollar 4 Month Loan Amount Advanced: $300.00 Loan Length: 120 days Loan APR1: 190% CAB fees: $121.19 Interest Charge: $6.25 Late Charges for CAB Fees:
$15 per month
Late Fees and Default Interest for Loan:
5% late charge per missed payment + default interest of 10% per year
Total Repayment Amount:

$427.44
Sample $400 Dollar 4 Month Loan Amount Advanced: $400.00 Loan Length: 120 days Loan APR1: 190% CAB fees: $161.55 Interest Charge: $8.33 Late Charges for CAB Fees:
$20 per month
Late Fees and Default Interest for Loan:
5% late charge per missed payment + default interest of 10% per year
Total Repayment Amount:

$569.88
Sample $500 Dollar 4 Month Loan Amount Advanced: $500.00 Loan Length: 120 days Loan APR1: 190% CAB fees: $201.94 Interest Charge: $10.42 Late Charges for CAB Fees:
$25 per month
Late Fees and Default Interest for Loan:
5% late charge per missed payment + default interest of 10% per year
Total Repayment Amount:

$712.36

1. The APR is based on a four payment, 120 day amortizing loan. The APR shown is based on the federal Truth in Lending Act and does not reflect specialized state APR calculations, if any.

This business—Fig Loans Texas, LLC—is licensed and examined by the State of Texas - Office of Consumer Credit Commissioner. Call the Consumer Credit Hotline or write for credit information or assistance with credit problems.

If you have any additional concerns, please reach out to: OCCC Consumer Complaints

Office of Consumer Credit Commissioner:
2601 North Lamar Boulevard
Austin, Texas 78705-4207

Phone: (800) 538-1579 (toll-free)
Email: consumer.complaints@occc.state.tx.us
Website: www.occc.state.tx.us