Need Emergency Money to Pay Bills? Get a Payday Loan
Considering most Americans (around 60% to be more exact, according to various surveys) live paycheck to paycheck, it’s not surprising that many have found themselves in need of emergency money to pay bills amid the Covid-19 pandemic.
While it’s always best to get cash together without adding to your existing financial obligations, sometimes the circumstances won’t allow for it. If your rent is already overdue, the priority should be getting money fast.
In time-sensitive cases like that, a Louisiana payday loan could help.
Why You Should Apply for a Louisiana Payday Loan If You Need Emergency Money to Pay Bills
1. It’s Accessible
Anyone who’s over 18, has an active checking account in their name, and some sort of income can apply for a payday loan.
Cash Cow is a good place to apply for a Louisiana payday loan, as they’ll accommodate any kind of income and adapt the payoff schedule to your specific needs (do ask the representative about terms while discussing the loan!)
2. Your Credit Score Won’t Matter
Being barred from getting a loan when you need emergency money to pay bills can be hard. Luckily you don’t need to worry about being barred from getting a payday loan due to your low credit score.
Even if your credit score is bad – or outright nonexistent! – you can still apply and get approved for a payday loan. Your credit history isn’t likely to influence your eligibility at all.
3. Nor Will It Be Affected
Maybe you’ve already been thinking about getting a payday loan if you need emergency money to pay bills, but you’re worried that it will negatively influence your credit history.
You don’t need to be.
If you apply for the payday loan at Cash Cow, you can rest assured that it won’t influence your existing credit score in any way.
We don't report the loan to any credit bureaus, so it stays completely between you and them. Even if you encounter any problems paying the loan off, it won’t have negative effects on your credit history.
On the other hand, if you were planning to improve your credit score by getting a payday loan and then swiftly paying it off, then unfortunately you’re out of luck. A payday loan won’t influence your credit score at all – either negatively or positively – so you shouldn’t be getting one if you’re not in an emergency and don’t immediately need cash.
4. You Won’t Need to Go Through All That Bureaucratic Paperwork
A simple and straightforward application process is one of the biggest appealing points of a payday loan. Unlike bank loans which usually come with an extra-long list of required documentation (and often ask for additional documentation in the process), all you need to apply for a payday loan at Cash Cow are:
- A government-issued ID to prove you’re over 18;
- A blank check from an active checking account in your name;
- Proof of income (your most recent pays stub will do).
The process lasts on average less than an hour and by the end of it you know if you’ve been approved or not, while traditional bank loans can take up to two weeks to let you know the answer.
5. There’s No Faster Way to Get Emergency Money to Pay Bills
Often when people are scrambling to get cash to pay bills, it means the deadline has either already passed or is right around the corner.
If you’re trying to get emergency money to pay bills that are already overdue, it’s safe to say time is of some importance to you.
If you’re approved for a payday loan at Cash Cow Louisiana, you’ll get money the same day you apply for it, enabling you to immediately pay your bills.
Despite such simplicity, it’s hard to abuse and “over-borrow” when a payday loan is concerned. This is because the cap in Louisiana is $300. Even if you’re approved for more than you strictly need, you won’t be able to take an unreasonable amount of cash you’ll have trouble paying off later.
How to Apply for A Louisiana Payday Loan
You will need a government-issued ID, your most recent pay stub, and a blank check from an active checking account (must be in your name), to apply for a Louisiana payday loan.
If you have all the required items ready, go to the Cash Cow website and fill out the online request form. You’ll be contacted by the representative from the closest store location, who’ll set up a meeting with you. Take the required items to the scheduled meeting, so that the representative can go over them and determine if you qualify for the loan.
Get approved, complete the simple paperwork, and get the cash! This entire procedure could take as little as 30 minutes. Allow a cash advance payday loan help you when you are in need of emergency money to pay bills.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.