Borrowing Responsibly

A loan can help with a medical bill, a car repair or another need, but only if the payments fit your budget. Use this page to think it through before you apply.

Installment loan or payday loan?

A signature installment loan is repaid in scheduled payments over several months. Listo Loans offers installment loans of $100 to $1,340 with terms of 4 to 18 months, no balloon payment and no prepayment penalty. Paying early can save you unearned interest. Loan amounts and terms may change; your exact terms are confirmed at application.

A payday loan is usually due in one lump sum on your next payday. Listo Loans is not a payday or credit access business lender. See our comparison: payday loan alternative in El Paso.

Budgeting checklist

  1. List your monthly income after taxes.
  2. List fixed bills: rent, utilities, insurance, phone, transportation.
  3. Subtract them to see what is left each month.
  4. Decide the largest monthly payment you can make without missing other bills.
  5. Borrow only the amount you need.
  6. Read the loan agreement, including the APR, finance charge and payment schedule, before you sign.
  7. Ask about the payment date and how you will pay: at the branch, by phone with a debit card, or by automatic draft from checking or savings.

If you can't make a payment

Contact us as early as you can, before the due date if possible. Call your branch and tell us what is happening. Staying in touch gives us the best chance to talk through your options. See our contact information.

Military Lending Act

Covered active-duty service members and their dependents are protected by the Military Lending Act, which caps the military annual percentage rate (MAPR) at 36%. Tell us if this applies to you.

Free resources

When you are ready, we are happy to answer questions by phone or in person.

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Loan amounts and terms may change; your exact terms are confirmed at application.

Important Disclosures

Who we are

Listo Loans is a brand of Listo Loans Management, LLC, a Texas limited liability company (Texas SOS file no. 0800671541), with branches at 412 S. Stanton St., El Paso, TX 79901 and 500 N. Zaragoza Rd. Ste. Y, El Paso, TX 79907. Loans are made and closed at our El Paso branches. Listo Loans offers personal signature installment loans under Chapter 342 of the Texas Finance Code. We are not a payday lender, an auto title lender or a credit access business (CAB).

Loan terms

Loan amounts range from $100 to $1,340 with repayment terms of 4 to 18 months, paid in scheduled installments. There is no balloon payment and no prepayment penalty; paying early can reduce the interest you pay. Loan amounts, rates, fees and terms may change and depend on your application, income, ability to pay and Texas law. Your exact terms are confirmed at application.

Our online application accepts requests from $100 up to $35,000. Larger requests are reviewed through our secure online form service; approval, amount and terms are not guaranteed and may differ from our branch signature loans.

Cost of credit

The Annual Percentage Rate (APR), finance charge, amount financed, total of payments and payment schedule for your loan are disclosed in writing under the federal Truth in Lending Act before you sign. Personal installment loans can be an expensive form of credit; please review your disclosures and loan agreement carefully and borrow only what you can repay on schedule. Late or missed payments may result in charges permitted by your loan agreement and Texas law.

Approval

Approval is not guaranteed. All applications are subject to review of your application, income, employment, identity and credit. Decision times such as "as little as 15 minutes" are estimates and are not a promise; funding depends on completing verification and signing your loan documents at the branch.

Online application

Our online application is processed through a secure third-party form service. Submitting it is a request to be contacted and does not create a loan. Information you submit is used to process your request as described in our Privacy Policy.

Identification

To help the government fight the funding of terrorism and money laundering, federal law (USA PATRIOT Act) requires us to obtain, verify and record information that identifies each person who opens an account. We will ask for your name, address, date of birth and other identifying information, and may ask to see your driver's license or other identifying documents.

Military borrowers

Covered active-duty service members and their dependents are protected by the Military Lending Act, which limits the Military Annual Percentage Rate (MAPR) to 36% on covered consumer credit. Please tell us if you or your spouse are on active duty.

Equal credit opportunity

The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

Questions and complaints

Contact us first: Downtown (915) 533-3610, East (915) 201-2550. Texas consumers may also contact the Office of Consumer Credit Commissioner (OCCC), 2601 N. Lamar Blvd., Austin, Texas 78705, (800) 538-1579, occc.texas.gov.

Financial hardship

If you are struggling with debt, consider talking to a nonprofit credit counselor (for example through nfcc.org) before taking on new credit.

Website information

The information on this website is general and educational, is not financial, legal or tax advice, and may change without notice. Loans are made only at our El Paso, Texas branches. Use of this site is subject to the terms and policies listed in the footer above. Sitemap.

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