The regulations of online installment loans in Happy of Texas can be contradictory sometimes. It happens because there is a big difference between payday loans and unsecured installment loans definition. Of course, licensed lenders are regulated more strictly according to state laws. It guarantees your safety and confidence in all operations. Each state has its own limits and rules for lending business. No lender can obtain a license without being registered. Due to the fact that it’s not quite simple to obey all rules, licensed lenders are usually large companies that are responsible for their business.