If your credit card payments have spiraled out of control, Loan Ridge is here to help you get back on track. Finding a credit card consolidation loan through our network can be the solution you have been searching for to free yourself from the burden of making multiple payments and dealing with excessive interest rates.
We recognize that life has its surprises, and sometimes they leave you struggling to stay above water. If a traditional storefront bank has already turned you down, or you just need to streamline your bills in an emergency, we are here to help. As long as you meet basic underwriting requirements, we are ready to assist you. Contact us today for more information on how our credit access services can assist you on your path toward a life of financial independence!
How Texas law applies to a credit card consolidation loan
Texas Finance Code Chapter 342 covers regulated consumer lenders, the license a company needs to make consumer loans at rates above 10%. Chapter 393 covers credit access businesses, which arrange loans through a third-party lender. Loan Ridge lends only in Texas, Missouri and Utah, and a credit card consolidation loan taken out here is a written credit agreement with a set repayment schedule, not a payday advance.
Checking your lender is licensed in Texas
Look the company up in NMLS Consumer Access, the registry Texas now uses for consumer-credit licensing, or call the OCCC on (512) 936-7600. The regulator is the Texas Office of Consumer Credit Commissioner (OCCC), Finance Commission Building, 2601 N. Lamar Blvd, Austin, TX 78705, phone (512) 936-7600. We would rather you checked.
What this looks like in Texas
A borrower in Houston with a 580 score and a steady paycheck is the sort of application Texas banks routinely decline. That is the gap a small regulated consumer loan fills. We serve borrowers in Houston, San Antonio, Dallas, Austin and across the rest of the state.
Texas questions about credit card consolidation loans
Who regulates lenders in Texas?
The Office of Consumer Credit Commissioner (OCCC) licenses and examines consumer lenders in Texas. Regulated consumer lenders operate under Chapter 342 of the Texas Finance Code, and credit access businesses operate under Chapter 393. You can check any company in NMLS Consumer Access or call the OCCC on (512) 936-7600.
How do I check a Texas lender is licensed before I apply?
Search the company name at nmlsconsumeraccess.org, and if anything looks off, contact the OCCC directly at 2601 N. Lamar Blvd, Austin, TX 78705. Never send money up front to anyone claiming to release a loan afterwards.
