Payday Loans in Prairieville, Louisiana

Events happen, and we usually end up in a spot where we have to pay for some unexpected bills. Consider applying for a payday advance loan in Prairieville, LA, to see if you are eligible.

The application process is fast and effortless. To be qualified, loan borrowers have to meet 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 be extended a small sum of money on a short-term contract. This is deemed to be an unsecured personal loan as no collateral is needed.

When surprise costs present themselves, for example late rent or utility expenditures, car repairs, health or vet costs, and so on, individuals often rely upon cash advance loans.

Paycheck Advance Loan Requirements In Prairieville, Louisiana

In Prairieville, Louisiana, paycheck advance loan borrowers need to meet a few criteria to qualify for a loan.

The borrower must:

• Prove that they live in Prairieville, Louisiana
• Must be at least 18
• Have a steady income that they can provide proof of being at least $1,000 per month
• Provide active contact information including phone number and email address
• Give their social security number

If a borrower does not abide by the above requirements, they will immediately be denied a paycheck advance loan. Make sure you have the documentation required when applying for a loan.

Laws and Regulations Regarding Cash Advance Loans in Prairieville, LA

The State of Louisiana has ruled payday lending legal. However, they have created the following rules and regulations for the cash advance lending industry:

• An individual lender cannot offer a loan in excess of $600. Borrowers are not allowed to possess more than two outstanding 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 the State of Louisiana, borrowers may not rollover their loans.
• The fees and charges vary for each money lender. The service costs charged by lenders on a loan do not fall under interest. The service fees apply to every $100 loaned and can vary from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can be as high as 369%.

Will Cash Advance Lenders in Prairieville, LA, Perform Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will complete a credit check on you, still, even if you possess no credit or less than stellar credit, you may still be eligible for a loan provided you can show that you are able to repay the loan. Lenders are usually unconcerned about your credit history if you possess proof of income and a strategy to repay the loan.

Lenders will use a soft credit inquiry, 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, dissimilarly, requires your permission. These credit checks are done for various purposes, such as mortgages, credit cards, and more.

You may still be approved for a cash advance loan with poor credit in Prairieville, Louisiana, provided that you have proof of repayment.

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

When Will I See My Money in Prairieville, Louisiana?

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

Much of the time, though, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Because of this, if you apply on a Friday, you may not see your deposit until Monday.

If you're looking for a same-day paycheck advance loan in Prairieville, Louisiana, you will need to ensure you're applying by 10:30 am. All same-day loans going out that day will be approved by that deadline. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you see your funds on the same day that you submit your application.

One more factor that you should know is even if the money lender approves your application and posts the credit to your bank account, sometimes the bank won't release that deposit at that time. It's vital that you let your bank know that you plan to receive a paycheck advance loan, so they could possibly make an exception in releasing the cash earlier.

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

Consider Working With PaydayLoanRadar

If you possess underwhelming credit or no credit and are looking to get a payday loan, think about applying through us, as you most likely have a higher chance of approval.

We work with more than one hundred different lenders who provide their services online. Often you will receive your cash on the next business day so ensure that you plan appropriately.

However, you can always locate the closest cash advance loan store to you and apply in person to strengthen the chances of seeing your loan on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may require proof of address, so bring a utility bill to the store too.

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

Payday Loan Direct Lender Companies in Prairieville, LA

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