Payday Loans in Patterson, Louisiana

Things happen, and we often find ourselves in a spot where we must cover some unforeseen expenses. Consider applying for a paycheck advance loan in Patterson, LA, to see if you qualify.

The application process is swift and simple. To be eligible, you have to satisfy a few basic conditions.

What is a Paycheck Advance Loan? What Can It Pay For?

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

When unexpected costs arise, such as past due rent or utility expenditures, vehicle fixes, medical or vet bills, and so on, individuals often turn to payday advance loans.

Payday Loan Stipulations In Patterson, Louisiana

In Patterson, LA, paycheck advance loan borrowers must meet several requirements to be eligible for a loan.

The borrower must:

• Prove that they live in Patterson, LA
• Must be at least 18
• Have an income that they can provide proof of being at least $1,000 per month
• Provide current contact information including phone number and email address
• Give their SSN

If a borrower does not satisfy the above rules, they will immediately be denied a cash advance loan. Ensure that you can provide the documents needed when applying.

Laws and Regulations Concerning Payday Advance Loans in Patterson, LA

Louisiana has ruled payday lending legal. Still, they have set the following rules and regulations for the payday lending industry:

• An individual money lender can't extend a loan for more than $600. Borrowers cannot take out 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 Louisiana, borrowers may not rollover their loans.
• The fees and charges vary for each money lender. The service costs enacted by the lender on a cash advance loan do not fall under interest. The service fees apply to each $100 borrowed and can vary from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can be as much as 369%.

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

Yes, the lenders we have a relationship with will run 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 given that you can show that you can pay back the loan. Lenders are typically unconcerned about your credit history if you provide proof of income and a plan to pay back the loan.

Lenders will perform a soft credit pull, which will not impact your credit score. This is simply to get an idea of your credit history and basic information.

A hard credit inquiry, alternatively, requires your permission. These credit pulls are utilized for various purposes, including mortgages, credit cards, and more.

You might still qualify for a paycheck advance loan with bad credit in Patterson, Louisiana, as long as you can prove you will repay the loan.

Therefore, when you apply, whether it is in person or online, double check that you have your income information available and any other documents showing that you can repay the loan. The more proof you provide, the better chance your loan application will be approved.

When Will I Get My Cash in Patterson, LA?

When you receive your deposit truly depends on the lender as some lenders offer same-day payday advance loans, which means you will get your cash advance loan on the same day you apply, as long as you're approved.

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. Therefore, if you submit your application on a Friday, you might not get your cash until Monday.

If you're needing a same-day cash advance loan in Patterson, LA, you will need to make sure you're applying by 10:30 am. 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 possible, as it will boost the likelihood that you receive your cash on the day that you submit your application.

One other consideration that you should be aware of is even if the lender grants your loan request and posts the credit to your bank account, occasionally 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 paycheck advance loan, so they could possibly make an exception in releasing the loan earlier.

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

Consider Borrowing From Us

If you have bad credit or no credit and are looking to secure a payday loan, consider applying through us, as you probably have a higher chance of approval.

We work with more than one hundred different lenders who offer their services online. Much of the time you will get your loan on the following business day so make sure that you plan accordingly.

However, you can always find the nearest payday loan storefront to you and apply in person to boost the chances of receiving your money on the same day. When submitting an application in person, make sure that you have your government ID or driver's license; a passport is sufficient. Sometimes, lenders may require proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Patterson, LA

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