Payday Loans in Harahan, Louisiana

Events happen, and we usually wind up in a situation where we have to cover some unexpected bills. Think about applying for a payday loan in Harahan, LA, to see if you meet the requirements.

The loan application process is fast and straightforward. To be eligible, loan borrowers have to satisfy a few basic requirements.

What is a Payday Loan? What Can It Be Used For?

A paycheck advance loan is where the borrower will get a petite sum of cash on a short-term contract. This is considered an unsecured personal loan as no collateral is expected.

When unexpected financial needs present themselves, like missed rent or utility expenditures, car fixes, medical or vet costs, and so on, people usually turn to payday advance loans.

Paycheck Advance Loan Stipulations In Harahan, Louisiana

In Harahan, LA, payday advance loan borrowers must meet a few requirements to qualify for a loan.

The borrower must:

• Provide proof that they live in Harahan, Louisiana
• Must be at least 18
• Receive an income that they can provide proof of being at least $1,000/month
• Provide active contact information such as cell phone number and email address
• Give their social security number

If a borrower does not meet the above requirements, they will immediately be denied a payday advance loan. Make sure you can provide the documents required when requesting a loan.

Laws and Rules Regarding Paycheck Advance Loans in Harahan, Louisiana

The State of Louisiana has ruled cash advance lending legal. Although, they have created the below rules and laws for the payday advance lending industry:

• A single money lender can't offer a loan greater than $600. Borrowers may not possess greater than two unpaid loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the maximum loan term length is 31 days. In the State of Louisiana, borrowers are not allowed to rollover their loans.
• The fees and charges change for each money lender. The service fees enacted by lenders on a loan do not fall under interest. The service fees apply to each $100 borrowed and can range between 11-15%.
• An interest rate must be mutually settled upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Harahan, Louisiana, Perform Credit Checks? What If I Have Poor/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 less than optimal credit, you might still be approved for a loan provided you can prove that you can repay the loan. Lenders are usually unbothered by your credit history if you provide proof of income and a plan to repay the loan.

Lenders will perform a soft credit pull, which will have no impact on your credit score. This is simply to get a feel of your credit history and general information.

A hard credit inquiry, alternatively, requires your permission. These credit checks are done for a plethora of purposes, including mortgages, credit cards, and more.

You can still qualify for a payday loan with bad credit in Harahan, Louisiana, provided that you have proof of repayment.

So, when you apply, whether it is in person or online, double check that you have your income information at hand and any other documents verifying that you can pay back the loan. The more proof you have, the better chance your loan request will be granted.

When Will I Get My Loan in Harahan, Louisiana?

When you get your cash truly depends on the lender as some lenders provide same-day cash advance loans, which means you will receive your payday advance loan on the same day you apply, as long as you get an approval.

Most of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you apply on a Friday, you may not get your cash until Monday.

If you're looking for a same-day cash advance loan in Harahan, LA, you will need to ensure you're applying by 10:30 am. All same-day funds going out that day will be approved by that cut-off. However, you should apply earlier than that if able, as it will increase the likelihood that you see your funds on the day that you apply.

One more consideration that you should be aware of is even if the lender approves your application and posts the credit to your bank account, occasionally the bank won't release that funds at that time. It's important to let your bank know that you plan to receive a payday loan, so they could possibly make an exception in releasing the money earlier.

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

Think About Working With Us

If you have underwhelming credit or no credit and are wanting to secure a cash advance loan, think about applying with us, as you frequently have a higher chance of approval.

We partner with over one hundred different lenders who offer their services online. Much of the time you will receive your deposit on the following business day so ensure that you plan accordingly.

However, you can always locate the closest payday advance loan store to you and apply in person to boost the chances of getting your money on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Infrequently, lenders may request proof of address, so bring a utility bill to the store too.

To find the nearest paycheck advance loan store, please use the list below and search for your city.

Payday Loan Direct Lender Companies in Harahan, LA

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