Payday Loans in Harvey, Louisiana

Things happen, and we usually find ourselves in a spot where we must cover some unexpected bills. Consider applying for a cash advance loan in Harvey, LA, to see if you qualify.

The application process is quick and straightforward. To be eligible, borrowers have to satisfy a few basic conditions.

What is a Cash Advance Loan? What Can It Be Put Towards?

A payday advance loan is where the borrower will receive a petite amount of funds on a short-term contract. This is thought of as an unsecured personal loan due to the fact that no collateral is expected.

When surprise costs present themselves, for example past due rent or utility fees, car repairs, health or vet payments, and so on, people often seek out payday loans.

Payday Loan Requirements In Harvey, Louisiana

In Harvey, LA, payday advance loan borrowers must satisfy a few criteria to be eligible for a loan.

The borrower must:

• Show proof that they live in Harvey, Louisiana
• Must be 18 or older
• Have an income that they can prove that's at least $1,000/month
• Provide up-to-date contact details including cell phone number and email address
• Provide their social security number

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

Laws and Regulations Concerning Cash Advance Loans in Harvey, LA

Louisiana has ruled payday lending legal. Still, they have enacted the following rules and laws for the paycheck advance lending industry:

• An individual money lender can't extend a loan greater than $600. Borrowers cannot have more than two unpaid loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not determined, the longest loan term length is 31 days. In Louisiana, borrowers are not allowed to rollover their loans.
• The fees and charges vary for each loan lender. The service fees charged by lenders on each loan or transaction are not considered interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
• An interest rate is required to be mutually agreed upon. APR can be as much as 369%.

Will Payday Lenders in Harvey, LA, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, but, even if you have no credit or poor credit, you might still be eligible for a loan provided you can show that you are able to repay the loan. Lenders are typically unconcerned about your credit if you have proof of income and a strategy to pay back the loan.

Lenders will conduct a soft credit inquiry, which will not impact your credit score. This is solely to get an idea of your credit history and general information.

A hard credit inquiry, on the other hand, requires your explicit consent. These credit pulls are performed for various purposes, including mortgages, credit cards, and more.

You can still qualify for a payday advance loan with poor credit in Harvey, LA, provided that you can prove you will repay the loan.

Therefore, when you request a loan, whether it is in person or online, make sure that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more proof you possess, the better chance your loan request will be granted.

When Will I See My Funds in Harvey, LA?

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

Much of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses typically close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not get your funds until Monday.

If you're searching for a same-day paycheck advance loan in Harvey, LA, you will need to ensure you're applying by 10:30 am. Any and all same-day deposits going out that day will be approved by that cut-off. However, you should submit an application earlier than that if able, as it will boost the likelihood that you see your cash on the day that you submit your application.

One additional consideration that you should know is despite if the money lender grants your loan request and posts the deposit to your bank account, occasionally the bank won't release that deposit right away. It's important to let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the money earlier.

On the whole, it's best to prepare ahead of time to receive money 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 possess underwhelming credit or no credit and are wanting to secure a payday advance loan, consider applying through us, as you usually have a higher chance of approval.

We partner with over one hundred different lenders who offer their services online. Frequently you will get your funds on the following business day so ensure that you plan appropriately.

Although, you can always locate the nearest paycheck advance loan storefront to you and apply in person to strengthen the chances of seeing your funds on the same day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store too.

To locate the nearest paycheck advance loan store, please refer to the list below and locate your city.

Payday Loan Direct Lender Companies in Harvey, LA

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