How Much Can You Get From A Payday Loan?

Written By June Mckaig

Published on December 18, 2020

Now more than ever, people are exploring payday loans as a way to get fast cash due to unexpected circumstances. But how much cash can one get from a payday loan, exactly? Payday loans are comparatively small loans, and they average at around $300 per loan. However, that doesn’t mean you can’t get more cash from a payday loan. Interested in finding out more about fast payday loans and how much you can get through them? Keep reading this article to find out everything you need to know about Louisiana payday loans.

What Is A Payday Loan?

Payday loans are a fantastic way for people to get cash quickly. But what exactly is a payday loan? Payday loans are relatively small loans most often given out to people who are experiencing a shortage of money due to unexpected circumstances. The term ‘payday loan’ was coined because payment plans usually involve paying the loan back with your next paycheck. Many people believe that individuals who get payday loans are poor with money management. However, the most common reasons individuals seek out payday loans is due to unexpected circumstances like:

A medical emergency
Unexpected travel
Auto repairs
Family situations

One of the major benefits of a payday loan is that payday loan companies do not use your credit score or background to decide whether or not to provide you with a loan, so the entire process is accessible and undiscriminating.

Now that we know what a payday loan is in general, let’s find out how much money you can make through a payday loan.

How Much Cash Could I Get For A Payday Loan?

As aforementioned, the average payout for payday loans hovers at around $300 per loan. How much money you can receive is based not on your record or credit score, but your paycheck and how much each paystub is worth.

Are you in the Louisiana area and are interested in securing a payday or title loan for yourself? Let’s take a look at how Cash Cow of Louisiana can help give you the cash you need fast.

How To Get Fast Cash Through Cash Cow Louisiana

If you’re looking for payday loans in Louisiana and have been searching “payday loans near me” online but don’t know which company to go through, try Cash Cow of Louisiana for your payday and title loan purposes.

The best part? The process involves online payday loans, and during the Covid-19 pandemic, they’ll come to you instead of having to visit their store in person. Interested? Let’s take a look at some of the benefits of securing payday or title loans through their services.

The Benefits of Loans Through Cash Cow

Some of the benefits of getting a title or payday loan through Cash Cow of Louisiana include:

Credit scores are not used to determine eligibility.
You can get anywhere from $100-300 in payday loans and $300-$1,400 in title loans.
You can avoid selling your car by getting cash through a title loan as an alternative instead.
Their process is quick and easy, allowing you to get your cash fast.

Sound good to you? Let’s dive into what their quick and easy online process involves.

Woman secured her fast payday loan

The Quick And Easy Application Process

The process of getting a payday loan through their company is so fast, you can walk away with your cash the same day you apply.

First, fill out their initial online application form which asks for basic information about yourself. You’ll then be contacted by one of their representatives, who will walk you through the process and answer any questions you may have about their services. Then you’ll set up a time to meet with their representative to complete the rest of the process.

For title loans, you’ll bring your vehicle, ID, and the title to your car in your name. They’ll inspect the car to determine how much money you qualify for. For payday loans, you’ll need a recent pay stub, a blank check from an active bank account in your name, and your photo ID. Finally, you’ll meet with a representative who will walk you through the rest of the paperwork and give you your cash. And that’s it!

Getting a payday loan or title loan through Cash Cow of Louisiana couldn’t be easier. If you’re looking for quick cash due to an unexpected circumstance, consider getting a payday or title loan with them today. Start your application 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.