Payday Loans in Prien, Louisiana

Life happens, and we usually find ourselves in a place where we must cover some unexpected bills. Consider applying for a paycheck advance loan in Prien, Louisiana, to see if you qualify.

The loan process is fast and effortless. To be qualified, you have to meet a few general criteria.

What is a Payday Loan? What Can It Be Put Towards?

A cash advance loan is where the borrower will get a petite sum of money on a short-term basis. This is thought of as an unsecured loan due to the fact that no collateral is expected.

When surprise costs arise, such as missed rent or utility bills, vehicle bills, medical or vet fees, and so forth, people commonly rely upon paycheck advance loans.

Cash Advance Loan Stipulations In Prien, Louisiana

In Prien, LA, payday advance loan borrowers need to meet a few stipulations to be eligible for a loan.

The borrower is required to:

• Prove that they reside in Prien, Louisiana
• Must be at least 18
• Receive a steady income that they can prove that's at least $1,000 per month
• Give current contact information like phone number and email address
• Give their social security number

If a borrower does not abide by the above criteria, they will immediately be denied a cash advance loan. Ensure that you have the documentation required when submitting your application.

Laws and Regulations Regarding Payday Advance Loans in Prien, LA

The State of Louisiana has deemed payday advance lending legal. Still, they have set the below rules and laws for the payday advance lending industry:

• A single lender can't extend a loan greater than $600. Borrowers may not take out 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 the State of Louisiana, borrowers may not rollover their loans.
• The fees and charges change for each money lender. The service costs enacted by the lender on a loan are not considered interest. The service fees apply to every $100 borrowed and can range from 11% up to 15%.
• An interest rate must be mutually agreed upon. APR can be as much as 369%.

Will Paycheck Advance Lenders in Prien, Louisiana, Complete Credit Checks? What If I Have Poor/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 less than stellar credit, you may still be approved for a loan given that you can show that you can repay the loan. Lenders are usually unbothered by your credit if you possess proof of income and a plan to repay the loan.

Lenders will conduct a soft credit pull, which will have no impact on your credit score. This is simply to get a look at your credit history and general information.

A hard credit inquiry, on the other hand, needs your explicit consent. These credit checks are used for various purposes, including mortgages, credit card applications, and more.

You may still be approved for a paycheck advance loan with poor credit in Prien, LA, provided that you have proof of repayment.

So, when you apply, albeit in person or online, make sure that you have your income information ready and any other documents showing that you can repay the loan. The more proof you possess, the more likely your loan request will be granted.

When Will I See My Money in Prien, Louisiana?

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

Much of the time, though, lenders will give the borrower their lump sum on the next business day. Businesses generally close for holidays and weekends. So, if you submit your application on a Friday, you may not get your loan until Monday.

If you're searching for a same-day payday loan in Prien, Louisiana, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that deadline. However, you should submit an application earlier than that if able, as it will boost the likelihood that you get your loan on the same day that you submit your application.

One additional consideration that you should understand is even if the money lender approves your application and posts the loan to your bank account, sometimes the bank won't release that loan right away. It's paramount that you let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the deposit earlier.

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

Consider Working With Us

If you have bad credit or no credit and are looking to get a payday loan, think about applying with us, as you frequently have a better chance of approval.

We work with hundreds of different lenders who offer their services online. Most of the time you will see your funds on the following business day so make sure that you plan appropriately.

Although, you can always find the nearest paycheck advance loan storefront to you and apply in person to strengthen the chances of receiving your loan on the same business day. When requesting a loan in person, ensure that you have your government ID or driver's license; a passport will work as well. Occasionally, lenders may ask for proof of address, so take along a utility bill to the store as well.

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

Payday Loan Direct Lender Companies in Prien, LA

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