Louisiana Payday Loans

In the state of Louisiana payday loans are legal. The state has a comprehensive legislative arrangement for payday loans. You can borrow up to $350 as a payday loan. Generally, you get Louisiana payday loans from financial institutions which are mostly companies. If you are dealing with a reputable Louisiana payday loans company, you will not be offered an amount exceeding $350. This $350 is a legally set limit. If any company offers you more, you are suggested to be leery of it.

Your lender is allowed to charge 16.75% or $45 on the face amount of the loan as interest rate or fees from you. The sum goes to $45 as you will have to pay to your lender $5 for documentation fee in addition to 16.75% of the face amount. You can get Louisiana payday loans for a maximum term of 30 days. If you borrow a loan amount of $100 for 14 days, the finance fee for this will be $25. The calculated APR for this loan is 650%. The lender can only charge fees mentioned in the loan agreement.

Louisiana Payday Loans: Laws & Regulations

Louisiana payday loans regulations do not allow rollovers. Rollover or renewal of the loan means paying the fees again each time you opt to renew the loan. The principal amount however remains as such. You may, however, pay 25% of the loan amount as partial payment towards it along with fees and may enter in to a new Louisiana payday loans agreement.

louisiana payday loans

The state as a matter of fact does it in the interest of borrowers who may be trapped in a lender’s unscrupulous policies. The state prohibits criminal action against you. But at the same time allows your lender to charge from you for an unpaid loan due by the date 36% fees of the face amount. The state of Louisiana requires the payday loan lenders to be licensed. The Louisiana payday loans lenders in the state of Louisiana can in no case attach your property. This is legally forbidden to them.

Money Mart

This Louisiana payday loans provider offers a wide arrangement of services. This includes cash till next payday, check cashing services, tax services money transfer and momentum visa. They claim them to be the convenient one stop loan destinations for their customers. This lender claims to operate largest network of their retail financial services through out Canada U.K. and the second largest of its kind in the USA. They claim to offer fast services at convenient locations and extended operating hours for their customers. You are supposed to provide them with very basic information about you, and your eligibility would depend on your income. You can apply for a payday loan by visiting their local branch. Give them a call at 504-899-6238 or visit their website at www.moneymart.com.

Check Into Cash Advance Centers

This Louisiana payday loans company offers a wide arrangement of financial products and services. This includes wire transfers, paying bills, and loans services form personal to title and auto loans. They are into check cashing also and provide payday loans as well. The procedure to apply for a payday loan is simple. They claim themselves to be a one-stop money location. They have been providing Louisiana payday loans lending services since 1993. You can either visit their branch office that’s close to you or apply online. They provide you cash in a short span of time in your emergency. You just have to provide them with some very basic information about yourself. Give them a call at 504-366-8454 or visit their website at www.checkintocash.com.

Cash Advance Payday Loans

This Louisiana payday loans lender offers cash Advance Payday Loans. They claim themselves to be the fastest way to get a safe, secure, online cash advance and payday loans. Their application process is simple. You can apply and qualify for a cash advance and payday loans quickly and easily. You just have to provide them with basic information about yourself. Give them a call at 888-342-0634 or visit our website www.neworleanscashadvancepaydayloans.com.

If you’ve had a good or a bad experience with a specific Louisiana payday loans company, please share it with the rest of us so we can all benefit from the information. Also, if you have any questions about Louisiana payday loans, you can ask them here, and either one of our staff or another visitor will answer it the same day. You can also feel free to sound off on the cash advance industry itself, and say whether you feel payday loans are inherently good or evil. This will help provide a well-balanced discussion on Louisiana payday loans.

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