woman checking list of eligibility qualifications

Who Is Eligible For Payday Loans In Houma, LA?

If you’re considering payday loans in Houma, LA, it’s important to know how to qualify. While you may need to meet a long list of requirements for bank loans, we at Cash Cow make it simple. Still worried you don’t have the financial background to get a loan? You may be relieved after reading this guide. Keep reading to learn about the types of people who benefit from Houma payday loans, how to qualify, and what the process is like.

Learn About The Types Of People That Are Eligible For Payday Loans

People Who Don’t Own A Car Or Home

If you don’t have a strong credit score or sturdy financial history, many lenders will require you to put down collateral to qualify for a loan. Collateral is an asset you have – often a car title or even your home – that can be taken by the lender should you stop your repayments. But if you don’t have collateral, that is not a problem. At Cash Cow, we don’t ask for collateral if you want a payday loan in Houma, LA. We use your income to determine if you qualify for approval.

People Facing Unexpected Bills Or Emergencies

Payday loans in Houma, LA are meant to be a short-term financial help for an unexpected expense. They may be a great option for when you’re just shy of covering your costs for the month and need a little extra to hold you over until your next payday. In many cases at Cash Cow, these loans are repaid on your next payday, so you’re in and out in no time. Many of our customers use a payday loan to help cover:

  • Housing costs.
  • Utility bills.
  • Overdue payments.
  • Car repairs.
  • Medical emergencies.

man getting payday loans in Louisiana

Someone With A Low Credit Score

Your credit score is a number that gives lenders an idea of your debt-to-income ratio that gives them an idea of the likelihood of debt repayment. Unfortunately, some people go through difficult financial situations due to the loss of a job, family member, divorce, or illness, and often get stuck with a plummeting credit score as a consequence.

A low credit score could take years to rebuild even with perfect financial behavior, which means it may not reflect how your current financial habits. At Cash Cow, we look at each loan applicant as a whole and not as a number. That’s why we don’t require a good, high, or even existent credit score to apply for our Houma payday loans. And we won’t report to credit bureaus if you default on your loan.

What You Need To Be Eligible For Houma Payday Loans

If you fit into one of the three categories above, payday loans in Houma, LA could be the help you need. Now all you need to know is what items we require you to have. The good thing is we don’t require you to bring in too many things to find out if you qualify for Houma payday loans. To qualify for our payday loans, you’ll need the following three simple things.

  • Your driver’s license or state-issued photo ID: Our loans are only available for those 18 years and older, so you’ll need a Louisiana photo ID or driver’s license to get started. If you don’t have a driver’s license available, you can use any other ID you have as long as its issued in Louisiana and has your photo on it.
  • Most recent pay stub: Since payday loans are often repaid during your next payday, we ask for your latest pay stub as an assurance of your employment and upcoming income. If you don’t receive official paystubs, reach out to us to see if any other document may suffice.
  • Blank check from checking account in your name: You’ll need an active checking account in your name to get this loan. We ask for a blank check to verify the account; however, some people use online banking or don’t have access to paper checks. In these cases, some online accounts may allow you to request paper checks at least once. If you can’t get your hands on a paper check, speak with us to see what we can accommodate.

Learn How To Get Through The Process

So you’ve determined that you fit into one of these categories of people that get payday loans in Houma, LA and you have your documentation ready. What’s next? First, we’ll connect either by phone or through our online inquiry form. The online form asks for a few of your contact details to get the process started, after which we’ll call you. You’ll then speak with a trusted Cash Cow representative from the office closest to your home.

We have offices across Louisiana – including Houma, LA – so you are bound to live near one. Our representative will answer your questions, go through the loan details, and arrange a time to meet with you in our office. There, they’ll review your items and let you know how much you may qualify for. If everything is approved, you’ll access your money that same day or the next bank work day.

woman happy about payday loan money

Find Out If You Qualify Today

By now you should know that Houma payday loans are short-term options for financial emergencies, and finding out if you can qualify is easy! If you’re facing an emergency, have a low credit score, or don’t own collateral, payday loans in Houma, LA could put some cash in your wallet as soon as today. If you have the required items ready, reach out to Cash Cow today to access up to $300 until your next payday. We want to help you cover costs, so fill out the form to see if you qualify today!


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.