Payday Loans in Lacombe, Louisiana

Things happen, and we usually wind up in a situation where we have to cover some unforeseen bills. Think about applying for a payday advance loan in Lacombe, Louisiana, to see if you are eligible.

The loan request process is swift and painless. To be qualified, you have to satisfy a couple of simple conditions.

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

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

When unforeseen costs present themselves, for example past due rent or utility payments, auto bills, health or vet payments, and so on, people often seek out cash advance loans.

Paycheck Advance Loan Requirements In Lacombe, Louisiana

In Lacombe, Louisiana, payday advance loan borrowers are required to meet several criteria to be eligible for a loan.

The borrower is required to:

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

If a borrower does not meet the above criteria, they will immediately be denied a paycheck advance loan. Make sure you can provide the documentation required when submitting your application.

Laws and Rules Regarding Payday Loans in Lacombe, Louisiana

The State of Louisiana has ruled paycheck advance lending legal. However, they have set the below rules and regulations for the cash advance lending market:

• An individual lender cannot offer a loan for more than $600. Borrowers are not allowed to take out greater than two outstanding 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 the State of 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 a cash advance loan do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
• An interest rate is required to be mutually agreed upon. APR can be as high as 369%.

Will Paycheck Advance Lenders in Lacombe, Louisiana, Perform Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will run a credit check on you, still, even if you have no credit or bad credit, you may still be eligible for a loan as long as you can show that you are able to pay back the loan. Lenders are typically unconcerned about your credit history if you possess proof of income and a plan to repay the loan.

Lenders will rely on a soft credit check, which will not impact your credit score. This is only to get an idea of your credit history and general information.

A hard credit inquiry, dissimilarly, needs your permission. These credit inquiries are performed for a plethora of purposes, such as mortgages, credit cards, and more.

You might still qualify for a paycheck advance loan with poor credit in Lacombe, Louisiana, as long as you have proof of repayment.

Therefore, when you apply, whether it is in person or online, ensure that you have your income information available and any other documents proving that you can pay back the loan. The more evidence you have, the better chance your loan request will be granted.

When Will I See My Money in Lacombe, LA?

When you see your loan really depends on the lender as some lenders advertise same-day payday advance loans, which means you will get your payday advance loan on the same day you request a loan, 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 usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not receive your cash until Monday.

If you're looking for a same-day cash advance loan in Lacombe, LA, you will need to make sure you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that cut-off. However, you should apply earlier than that if possible, as it will boost the likelihood that you get your money on the same day that you apply.

One additional consideration that you should be aware of is despite if the lender approves your application and posts the funds to your bank account, occasionally the bank won't release that funds immediately. It's paramount that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the cash earlier.

Overall, it's best to prepare ahead of time to receive cash on the following business day. That way, you're not surprised if you cannot receive it on the same day.

Think About Borrowing From PaydayLoanRadar

If you have poor credit or no credit and are wanting to secure a payday loan, think about applying with us, as you usually have a higher chance of approval.

We partner with hundreds of different lenders who provide their services online. Most of the time you will get your money on the next business day so ensure that you plan appropriately.

Although, you can always find the closest cash advance loan storefront to you and apply in person to strengthen the chances of receiving your loan 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. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Lacombe, LA

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