Payday Loans in Jennings, Louisiana

Life happens, and we usually end up in a place where we have to pay for some surprise bills. Consider applying for a paycheck advance loan in Jennings, LA, to see if you meet the requirements.

The application process is fast and straightforward. To be qualified, you have to meet a few straightforward conditions.

What is a Cash Advance Loan? What Can It Cover?

A cash advance loan is where the borrower will receive a small sum of funds on a short-term basis. This is deemed to be an unsecured loan because no collateral is expected.

When surprise expenses arise, for example late rent or utility expenditures, car fees, medical or vet payments, and so on, individuals often seek out paycheck advance loans.

Payday Advance Loan Requirements In Jennings, Louisiana

In Jennings, Louisiana, payday advance loan borrowers must meet several requirements to qualify for a loan.

The borrower has to:

• Show proof that they live in Jennings, LA
• Must be 18 years of age
• Have a steady stream of income that they can provide proof of being at least $1,000/month
• Provide active contact details such as cell phone number and email address
• Provide their SSN

If a borrower does not meet the above rules, they will automatically be denied a cash advance loan. Make sure you can provide the documents needed when submitting your application.

Laws and Regulations Regarding Payday Loans in Jennings, Louisiana

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

• An individual lender cannot offer a loan for more than $600. Borrowers may not take out more than two active loans from different lenders. There is no smallest loan amount.
• The minimum loan term is not set, the maximum loan term length is 31 days. In Louisiana, borrowers cannot rollover their loans.
• The fees and charges are different for each loan lender. The service costs enacted by lenders on a payday loan do not fall under interest. The service fees apply to each $100 loaned and can range from 11% up to 15%.
• An interest rate is required to be mutually settled upon. APR can be as much as 369%.

Will Cash Advance Lenders in Jennings, LA, Run Credit Checks? What If I Have Bad/No Credit History At All?

Yes, the lenders we partner with will perform a credit check on you, but, even if you possess no credit or dismal credit, you may still be approved for a loan given that you can prove that you can repay the loan. Lenders are generally unconcerned about your credit if you have proof of income and a strategy to pay back the loan.

Lenders will conduct a soft credit pull, which will not impact your credit score. This is only to get a look at your credit history and basic information.

A hard credit pull, on the other hand, must have your permission. These credit inquiries are used for various purposes, including mortgages, credit card applications, and more.

You can still qualify for a paycheck advance loan with less than great credit in Jennings, Louisiana, provided that you have proof of repayment.

So, when you request a loan, whether it is in person or online, double check that you have your income information easily accessible and any other documents verifying that you can pay back the loan. The more evidence you possess, the better chance you are to be approved.

When Will I Get My Money in Jennings, LA?

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

Most of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses generally close for holidays and weekends. Because of this, if you submit your application on a Friday, you may not receive your loan until Monday.

If you're searching for a same-day paycheck advance loan in Jennings, LA, you will need to make sure you're applying by 10:30 am. All same-day payments going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you get your funds on the same day that you apply.

One additional factor that you should understand is despite if the lender grants your loan request and posts the deposit to your checking account, sometimes the bank won't release that loan at that time. It's paramount that you let your bank know that you plan to get a payday loan, so they might make an exception in releasing the funds earlier.

On the whole, it's wise to prepare ahead of time to receive your funds on the next business day. That way, you're not out of luck if you cannot get it on the same day.

Think About Working With Us

If you have bad credit or no credit and are searching to secure a cash advance loan, think about applying through us, as you most likely have a higher chance of approval.

We partner with hundreds of different lenders who offer their services online. Most of the time you will see your loan on the following business day so ensure that you plan appropriately.

However, you can always locate the nearest payday advance loan store to you and apply in person to increase the chances of seeing your funds on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may require proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Jennings, LA

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