Payday Loans in Timberlane, Louisiana

Incidents happen, and we often find ourselves in a spot where we must cover some unexpected expenses. Think about submitting an application for a payday advance loan in Timberlane, Louisiana, to see if you qualify.

The loan process is quick and simple. To qualify, borrowers must satisfy a couple of basic requirements.

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

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

When unexpected bills present themselves, like past due rent or utility costs, auto bills, health or vet costs, and so forth, people usually turn to cash advance loans.

Paycheck Advance Loan Stipulations In Timberlane, LA

In Timberlane, LA, payday loan borrowers need to satisfy a few stipulations to be eligible for a loan.

The borrower is required to:

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

If a borrower does not satisfy the above requirements, they will immediately be denied a payday loan. Ensure that you possess the documentation required when requesting a loan.

Laws and Rules Concerning Payday Advance Loans in Timberlane, LA

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

• A single money lender can't extend a loan greater than $600. Borrowers are not allowed to possess greater than two unpaid loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In the State of Louisiana, borrowers are unable to rollover their loans.
• The fees and charges change for each lender. The service fees charged by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
• An interest rate must be mutually decided upon. APR can range up to 369%.

Will Payday Lenders in Timberlane, Louisiana, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we have a relationship with will do a credit check on you, still, even if you have no credit or poor credit, you might still be eligible for a loan as long as you can show that you are able to repay the loan. Lenders are typically unbothered by your credit history if you provide proof of income and a plan to repay the loan.

Lenders will rely on a soft credit inquiry, which will have no impact on your credit score. This is solely to get a feel of your credit history and general information.

A hard credit inquiry, alternatively, needs your explicit consent. These credit pulls are done for a plethora of purposes, such as mortgages, credit cards, and more.

You might still be approved for a cash advance loan with poor credit in Timberlane, LA, as long as you can prove you will repay the loan.

Therefore, when you apply for a loan, albeit in person or online, ensure that you have your income information ready and any other documents showing that you can repay the loan. The more proof you show, the more likely your loan application will be approved.

When Will I See My Cash in Timberlane, Louisiana?

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

Much of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. Therefore, if you apply on a Friday, you might not see your funds until Monday.

If you're looking for a same-day payday loan in Timberlane, Louisiana, you will need to ensure you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that time. However, you should apply earlier than that if possible, as it will increase the likelihood that you receive your money on the day that you submit your application.

One more consideration that you should know is even if the money lender approves your application and posts the loan to your bank account, occasionally the bank won't release that funds right away. 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 loan earlier.

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

Consider Borrowing From PaydayLoanRadar

If you possess poor credit or no credit and are wanting to get a payday loan, consider applying with us, as you usually have a better chance of approval.

We work with over one hundred different lenders who provide their services online. Much of the time you will receive your cash on the next business day so make sure that you plan accordingly.

Although, you can always find the closest paycheck advance loan storefront to you and apply in person to boost the chances of receiving your money on the same business day. When requesting a loan in person, make sure that you have your government ID or driver's license; a passport is sufficient. Now and again, lenders may request proof of address, so take along a utility bill to the store as well.

To locate the nearest paycheck advance loan store, please refer to the list below and search for your city.

Payday Loan Direct Lender Companies in Timberlane, LA

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