Payday Loans in Bastrop, Louisiana

Things happen, and we usually wind up in a situation where we have to pay for some unforeseen costs. Consider submitting an application for a payday loan in Bastrop, Louisiana, to see if you meet the requirements.

The loan request process is fast and simple. To qualify, borrowers have to satisfy a few general requirements.

What is a Cash Advance Loan? What Can It Be Used For?

A payday loan is where the borrower will get a small amount of cash on a short-term contract. This is deemed to be an unsecured personal loan because no collateral is needed.

When surprise financial needs come up, like past due rent or utility costs, car fixes, medical or vet bills, and so on, people commonly turn to payday loans.

Payday Advance Loan Criteria In Bastrop, LA

In Bastrop, LA, cash advance loan borrowers need to satisfy several criteria to qualify for a loan.

The borrower is required to:

• Prove that they are a resident of Bastrop, LA
• Must be at least 18
• Have an income that they can prove that's at least $1,000 per month
• Give active contact information like cell phone number and email address
• Give their SSN

If a borrower does not satisfy the above rules, they will automatically be denied a paycheck advance loan. Make sure you have the documents required when applying.

Laws and Regulations Concerning Paycheck Advance Loans in Bastrop, Louisiana

Louisiana has ruled cash advance lending legal. Still, they have set the below rules and regulations for the payday lending market:

• An individual lender cannot offer a loan for more than $600. Borrowers are not allowed to possess more than two outstanding loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In Louisiana, borrowers are not allowed to rollover their loans.
• The fees and charges change for each loan lender. The service fees enacted by lenders on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can vary between 11-15%.
• An interest rate must be mutually decided upon. APR can be as much as 369%.

Will Payday Advance Lenders in Bastrop, LA, Perform Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we have a relationship with will perform a credit check on you, still, even if you have no credit or poor credit, you might still be eligible for a loan given that you can prove that you are able to repay the loan. Lenders are typically unbothered by your credit history if you have proof of income and a plan to pay back the loan.

Lenders will use a soft credit check, which will have no impact on your credit score. This is solely to get an idea of your credit history and basic information.

A hard credit inquiry, dissimilarly, needs your permission. These credit pulls are done for various purposes, such as mortgages, credit cards, and more.

You can still qualify for a payday loan with imperfect credit in Bastrop, Louisiana, if you have proof of repayment.

Therefore, when you apply for a loan, whether it is in person or online, double check that you have your income information at hand and any other documents proving that you can pay back the loan. The more evidence you provide, the more likely your loan application will be approved.

When Will I Get My Cash in Bastrop, Louisiana?

When you see your money truly relies on the lender as some lenders advertise same-day payday advance loans, which means you will receive your payday loan on the same day you submit your application, as long as you're approved.

Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Therefore, if you apply on a Friday, you might not get your loan until Monday.

If you're wanting a same-day payday advance loan in Bastrop, LA, you will need to ensure you're applying by 10:30 am. All same-day deposits going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will increase the likelihood that you get your funds on the same day that you apply.

One other factor that you should be aware of is even if the money lender approves your application and posts the loan to your bank, occasionally the bank won't release that funds at that time. It's paramount that you let your bank know that you plan to get a paycheck advance loan, so they might make an exception in releasing the loan earlier.

Overall, it's best to prepare in advance to get your funds on the next business day. That way, you're not left in the lurch if you cannot get it on the same day.

Consider Borrowing From Us

If you have less than great credit or no credit and are needing to secure a payday loan, consider applying with us, as you probably have a higher chance of approval.

We work with hundreds of different lenders who offer their services online. Much of the time you will see your loan on the next business day so ensure that you plan correctly.

Although, you can always locate the closest cash advance loan store to you and apply in person to strengthen the chances of receiving your funds on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may request proof of address, so take along a utility bill to the store too.

To find the nearest payday advance loan store, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Bastrop, LA

Below you will find a list of payday loan companies offering their services in Bastrop, Louisiana. If you can't find a lender near your location in Bastrop, consider applying in a nearby city in Louisiana. Alternatively, you can apply online on our website and get a decision almost instantly.