Approved Money Center

Payday loans · 5110 McPherson Rd Ste 6B

★ 5.0 · 80 ratingsHours listed

Open late

Should you go here?

Well reviewed, but the loan itself is expensive.

Borrowers leave fewer bad reviews here than at 69% of Laredo stores. The risk is the product: fees are high and renewing adds the fee again. Compare a cheaper option first.

Good sign

What borrowers say5.0★

80 ratings. Nothing comes up often enough in its reviews to call out.

What borrowers say ↓

Good sign

Bad reviews0%

of its written reviews are 1–2★, a lower share than at 69% of Laredo stores.

How it compares ↓

Watch out

What it costs$570 / month

In fees on a $1,000 loan, at the Texas average. Texas sets no cap on these fees.

Work out your cost ↓

Check it

LicenceLook it up

Loan stores in Texas need an OCCC licence for each location. Check this one before you sign.

OCCC licence search ↗

A cheaper routeA credit-union loan could save you about $1,643 on $1,000 over 3 months →0.0 mi away · installment loansWorld Finance — ★ 5.0, few bad reviews →

From ratings and written reviews of this store and state fee data (OCCC, Q2 2026). Checked September 2026. We don’t lend and no store pays us.

How it compares

Against every loan store in Laredo.

Rating

5.0Higher than 49% of Laredo loan stores. City average is 4.8.

Lowest rated in LaredoHighest

Bad reviews (1–2★), share of written reviews

This store0%

Average Laredo payday loan store1%

What borrowers say

Ask for Viridiana

Counted in 46 written reviews. Bars: mentions per 100.

What borrowers appreciate

Fast service3 reviews · 6.5 per 100

Work out what you’d repay

Payday lenders in the Texas report an average fee of $26.60 per $100 for 14 days (OCCC, Q2 2026) — about $57.00 per $100 a month. Texas sets no cap on these fees, so ask this store for its own.

I want to borrow

and pay it back

You’d pay in total

$1,570

$1,000 you borrowed$570 in fees

Paid back in one go after about a month. If you can’t pay, renewing costs another $570 each month and doesn’t reduce what you owe.

Before you go

What to take, and what to ask before you sign.

Bring these

Their website doesn’t list documents. Call ahead and ask what to bring.

At the store

Walk in, no appointment · Wheelchair access

Ask these at the counter

1
What is the total I’ll repay, in dollars, and when?
Ask for it in writing before you sign.
2
What happens if I can’t pay on the due date?
Ask what a renewal costs and whether they call your employer or references.
3
Can I pay it off early, and is there a fee?
Texas law says your contract must allow early payoff with no penalty. Ask them to confirm.

Payday loans in Texas: how they work, your rights, how to get out →

Check the licence: OCCC licence search or call 800-538-1579.

A cheaper route

Need $1,000 for 3 months? A credit-union loan could save you about $1,643.

A Payday Alternative Loan (PAL) from a federal credit union is $200–$2,000, repaid over 1–12 months, capped at 28% a year plus a $20 fee at most. You usually join the credit union first, which can take a day.

Credit-union PAL$1,067

This payday loan, renewed twice$2,710

Total repaid on $1,000 over 3 months, at the Texas average fee (OCCC) and the federal PAL cap (12 CFR 701.21).

Nearby alternatives

The closest real storefronts — at least two take a different route. Numbers match the map.

Been to Approved Money Center?

Tell other borrowers what it was like. We read every review before it goes up, good or bad.

Write a review

In borrowers’ own words

“Excellent communication and fast service”

Short lines from 4–5★ written reviews of this store. Complaints are counted above, never quoted.

About this lender

Payday loans.

Part of a chain: Approved Money Center has 2 locations across the Texas cities we cover — Laredo (1), McAllen (1).

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