PAYDAY LOANS – HOW IT WORKS

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Visit our Stores
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Visit Our Stores

Visit or Call anyone of our 7 locations in the El Paso, Texas area. You can also, fill out our Online Form to see if you qualify.

Yes! Bad Credit.
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Bad Credit Ok!
Once Approved, provide the following items:

check mark90 days Employed

check markAge 18 or Older

check markChecking Account

check markCitizen or Resident

check mark$1000 Mo. Income

check markHome & Work Phone

Stack of Cash
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Get Paid Cash – Fast!

Access to quick cash is easy with a Benny’s Payday Loans. Unlike other lines of credit, you credit history isn’t an issue.

PAYDAY LOANS – Why Benny’s?

We are a loyal, local establishment that has been helping our fellow El Pasoans with their emergency financial needs for over half a century. Our payday loan centers are simple to use, have clearly written contracts, modest rates, and easily implemented repayment procedures! Our phenomenal staff are trained and prepared to assist you every step of the way! Benny’s understands that sometimes life throws you a curveball, and you develop unexpected expenses that you were not financially prepared for! Benny’s Payday Loan is the perfect short-term solution! Benny’s Payday Advance is another avenue to receive loans from Benny’s Pawn Shop. Having been in business since 1947, and family operated, we understand  what our community deserves and needs. Being local has many advantages to our customers that set us apart from the competition. One being, we have a personal connection to our customers and can provide the most honest and trusting service available. Benny’s understands it’s customers and the service we provide.

• Need to repair your vehicle? Need some travel money? Have bills to pay? Benny’s can facilitate a quick cash loan to get you up to $1000 cash fast.
Applications are approved quickly, which means that you will have the money you need when you need it. At Benny’s we understand that when a crisis arises you need quick and easy access to cash. When faced with an emergency, the last thing you need is a lengthy approval process. At Benny’s we keep lead times short giving you the tools you need to tackle your financial crisis head on. You can receive cash at any one of our seven convenient locations, sometimes within 15 minutes of completion of the form!
• Unlike other financial institutions, Benny’s does not require any credit checks* to facilitate your loan. Come on into Benny’s or complete the form online for a simple, quick and easy cash loan with no hassle of going through a credit check.
• At Benny’s there is NO DIRECT DEPOSIT required. We do not require your paycheck to be set up as a direct deposit in order for you to be approved.
Safeguarding your information is at the forefront of our concerns– we know how important your information is to you. As a result, your privacy is one of our primary concerns. We take significant precautions to ensure your information will remain safe while getting you the cash you need. We also want to remind you that none of the information you give us will ever be disclosed to third party advertisers.

PAYDAY LOANS – Who is Benny’s?

In the year 1947, Benny Frank established Benny’s Pawn Shop. Since then, Benny’s has been an operational fixture of the El Paso community, for 67 years, offering quality merchandise and short-term loans, as well as community outreach and services. The store was owned and operated by Benny Frank till 1983, when he passed it on to his son, Saul, who manages the business to this day. Saul has been able to successfully carry the Benny’s name forward by effectively expanding the business. Benny’s currently has a total of seven convenient locations in the El Paso region. Together with his brother-in-law Don Glicksten, and their 55 employees, the Benny’s team works every day to help service El Pasoans in their time of need.

PAYDAY LOANS – Payday Loan?

What do i need to do – Getting a Benny’s Payday Loan is fast and easy! Simply fill out our noninvasive online form with your name, address, phone number, or stop by one of our 7 convenient El Paso locations to get started. You can be done with the whole process in just a few minutes! There are very few requirements to receiving a Payday loan! You must be a resident of the United States, at least 18 years of age or older, have your own personal bank account, and have a regular job with steady paycheck for 3 months prior to the loan! That’s it! There is NO CREDIT CHECK, and you can walk out with your money in as little as 10 minutes! Items you must bring into the store to complete your loan include:

  1. Current Bank Statement
  2. Id/Social Security Card
  3. Proof of Income
  4. A bill with your address on it
  5. blank check

 

Benny’s Loan Services only offers loans to residents of Texas Only.

APR: Varies from 253.31% – 531.31% and is based on loan term, loan funding date and other underwriting considerations.Please visit ourPayday Loan Rate page for more information.

What happens if I fail to make a timely payment on my loan or credit services transaction? Financial Implications – There is no past due interest that is added to a delinquent account. You may be charged a late fee if you fail to pay the loan on a specified due date. You may also be assessed an NSF fee for any returned check or electronic payment we submit to pay your loan. The late fee may not exceed $7.50.
Collection Activity- We may attempt to collect on any account that is delinquent. Our collections practices include contacting you by phone, mail, or email. We may also exercise our rights written in our CSA agreements with you. If we are not able to collect any of our past due accounts we may sell our loans to a third party debt buyer, who may also have collection activity with you.
Impact On Your Credit Score – We do not in any way use or report loan activity to any of the 3 major credit bureaus. Those Include Equifax, Experian and TransUnion.
Renewal Of Your Loan – Renewals are not automatic. When your loan is due we require you to come to the store location to resign documents. There are no additional fees to renew your loan. Our standard fees and rates are applied after each renewal.

 

We operate in full compliance with the Office of Consumer Credit Commisioner.

Example: $300-Payday Single Pay Disclosure PDF,

Customers receiving a $300 loan due in 17 days in a single installment, the finance charge is $ 61.40 ($60 CSO fee and $1.40 interest to lender) the total payment is $361.40, and the APR is 439.43%

Refinance: Texas residents are allowed to refinance a Payday Loan instead of paying the full amount.

You are eligible to re-loan at any time once the loan is paid in full.

“An advance of money obtained through a payday 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 loan rather than paying the debt in full when due will require the payment of additional charges.”

Use Payday Loans Responsibly.

Complaints: to discuss complaints, questions or issues regarding this transaction, you may contact the Office of Consumer Credit Commissioner at 1-800-538-1579 or by mail at 2601 N. Lamar Blvd., Austin, Texas 78705

* Typically Benny’s will not perform credit checks with the three national credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers may be obtained by Benny’s.