Is Power Finance Texas Legit? Best Power Finance Reviews | 2022


Is Power Finance Texas Legit? If you’ve heard about Power Finance and its speedy loan application and approval style, it isn’t out of the ordinary for you to want to find out if it is legit.

Power Finance Texas is a loan company known for lending fast cash to its customers. With multiple locations across Texas, it seeks to tackle customers’ financial needs more conveniently.

If you are keen on discovering if Power Finance Texas is legit, not to worry; we’ve got you covered. This article provides the answer you seek and more.

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About Power Finance Texas

Power Finance Texas is a financial company established in 1992 that offers fast cash loans to customers. A vital aspect of this cash lending company is that it opens its doors to customers with less-than-ideal credit.

Power Finance Texas aims to provide financial assistance conveniently. Little wonder, they have several locations across Texas.

In addition, the company has an online loan division that paves the way for customers to apply for and receive a loan in their bank account within the next business day.

The major good news about Power Finance Texas is that it offers installment loans for almost any occasion.

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What Types of Loans Does Power Finance

#1. Installment Loan

Installment loans are the most popular type of credit. With Power Finance Texas, you can access installment loans from $100 to $1,250. However, every installment loan is subject to a six-month repayment requirement.

What Installment Loans Does Power Finance Texas Provide?

Power Finance Texas offers a variety of installment loans.


If you are short on cash, Power Finance loan may be just what you need to wriggle out of that situation.

This is one of the installment loans that are less expensive than a late charge or overdraft fee. You can get approved with the cash available speedily.

Emergency Cash

Because it isn’t out of the ordinary for people to be low on cash or in a financial crisis, you may want to consider this.

With emergency cash, you can access a short-term loan within the shortest possible time.

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Health Emergency

Health emergencies creep up on the best of life planners. Power Finance Texas can cater to it if you require financial assistance due to medical complications.

You don’t have to fret; Power Finance Texas can assist with quick cash to foot the bill. And guess what? You don’t have to fill out much paperwork or wait too long for loan approval.

Car Repairs

Having car trouble with limited or no funds to fix it? There’s no reason to worry your head about it. You can apply for a loan with Power Finance Texas.

If there is one thing cars are known for, it is that they can decide to break down on you without the slightest notice.

Holidays and Celebrations

It is no news that festive seasons always drill holes in one’s budget. You can apply for a personal loan to cover such spending.


Traveling requires a lot of money. For some people who intend to go on a vacation, their savings just won’t cut it.

Hence, the need to apply for quick cash. With this loan, you can travel and not have to worry your head about having a near-empty wallet.

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#2. Personal Loans

A personal loan is considered unsecured, meaning it is not secured by property such as your home or vehicle.

Companies like Power Finance Texas are responsible for most online personal loans in Texas.

#3. Cash Advance Loans

A cash advance loan, also known as a short-term loan or an installment loan, aims at assisting customers in getting the money they want in a time of need.

Power Finance Texas provides cash advancement loans with cash advances ranging from $100 to $1,250.

These loans are designed to aid with unforeseen costs like auto repairs, medical bills, house repairs, and education fees or to help with finances in case you run into financial difficulties.

Remember, these loans should only be utilized as a temporary fix for financial problems.

#4. Short-Term Loan

Short-term loans are loans having a payback duration of less than a year.

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Is Power Finance Texas Legit?

Now to the crux of the matter, “Is Power Finance Texas legit?”

In other to answer this question, it is vital to sample the opinion and reviews of customers, as they would provide insight into the issue of legitimacy.

Let’s consider the following:

Rating: 2 out of 5.

Yes, I agree.  the $2 per $100 per day can quickly shoot up to over $1000 a month on interest on a $1155.00 loan.  They were very nice.  They will call you to let you know when the payment is due.  I know these loan places offer  extremely high interest, but even if you pay it off early, there is no lower rate.
They were friendly, but paying over $1000 in interest for a one month loan is going to sting awhile.  I knew what I was going into to, but just wow.

Rating: 2 out of 5.

i love that they are willing to work with people with bad credit, but the interest is far too high. They charge $2 per $100  each day. That means for a $1000 loan, you are paying $20 in interest per day.

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Rating: 1 out of 5.

This company is horrible. They offer you help in a time of need, but then you will be stuck repaying 3x what you borrowed and they will straight harass you, everyday if you happen to miss even one ridiculous payment.
I used them because I was desperate. And now I’m even worse off financially then before. This kind of predatory lending needs to be a crime.

Rating: 1 out of 5.

This loan is so terrible. They literally will charge you the double for just a small loan.
I have paid more into my loan than what I got approved for. So ridiculous.

From the reviews above, it is evident that Power Finance Texas is legit. This feedback show to a large extent that the company is a legitimate financial institution.

FAQs on Is Power Finance Legit

What is the Easiest Loan to Get Right Now?

Payday loans, car title loans, pawnshop loans, and no credit check personal loans are the easiest to be approved for.

Can I Get an Instant Loan Online?

Online lenders are handy and speedy; some can supply qualifying customers with same-day or next-day money. However, when comparing quick cash loans from online lenders, keep rates and terms in mind as the time it takes a lender to finance a loan.


There you go; the answer is yes, Power Finance is legit.

Now you have the answer in the open, you can consider applying for a loan with Power Finance Texas.



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