What You Don’t Know About Louisiana Online Payday Loans
May 4, 2021 | Daniel Dewitt
Louisiana online payday loans are a way to access funds when you need them most. But it's always important to know the details before you jump into a loan agreement. That's why we have put up everything you need to know about payday loans here. Keep reading to find out more.
What Are Louisiana Online Payday Loans?
A payday loan is a small-dollar loan ($100 to $300 when you borrow with us) that has to be repaid with your next paycheck. Originally, they were designed to bridge the gap between one payday and the next. But these days, they are used for funding all sorts of emergencies such as home repairs, auto repairs, medical bills, and unforeseen urgent travel expenses.
Some lenders refer to Louisiana online payday loans as:
- Cash advances
- Short-term loans
- Payday advance loans
- Fast cash
- Fast loans
- Bad credit loans
- Paycheck advances
- Deferred deposit transactions
You've likely come across at least one of these terms before.
How Do Payday Loans Work?
The money you're borrowing lands straight into your bank account which must be repaid within the pre-determined period. Typically, this will be 30 days only but recently, this timeframe has been increasing to about 3 months in some scenarios.
We work with you to ensure your repayment terms fit into your lifestyle and income.
Top 5 Things You Don't Know About Louisiana Online Payday Loans
The basic information is always important and good to know, however, here are the top 5 things you don't (but should!) know about Louisiana online payday loans.
1. You Don't Need to Meet Unrealistic Requirements
Traditional bank loans have all kinds of unrealistic criteria to meet. Whether they want you to show your income for the last three years or have a perfect credit score, it is extremely hard to gain approval.
With a payday loan, you only need to be over 18 years old and have the following:
- A state-issued ID (driver's license, for example)
- A blank check from your active checking account (this must be in your name)
- Your most recent pay stub or proof of income
2. Louisiana Online Payday Loans Have the Most Convenient Application Process
You do not have to make an appointment ahead of time. It's simply a case of phoning up on the day. Not to mention that you can begin the process online from the comfort of your own home!
The whole application process takes roughly 30 minutes — sometimes even less. We never leave you sitting around, causing you to feel like you've wasted a day. After all, everyone's time is valuable.
3. You Can Still Gain Approval With Bad to No Credit Scores
Traditional bank loans never approve those with bad or non-existent credit. With payday loans, however, any credit is good enough! Whether you have a perfect score, less-than-average score, or no score at all, we have the payday loan that is right for you.
If you are concerned, just give us a call – and we can iron out any of your concerns before you get started.
4. They Are Unsecured Loans
This means you won't lose your house, car, or other belongings if you cannot pay the loan. With a payday loan from Cash Cow Louisiana, Inc. you can be rest assured to keep your possessions if something goes wrong with repayment.
5. Your Income Doesn't Need to Come from Employment
Contrary to popular belief, you can receive a payday loan when you're unemployed. Disability benefits, tax credits, and even inheritance count as income when you apply for this loan type.
How to Get Louisiana Online Payday Loans
Acquiring an online payday loan is incredibly simple. Just follow the steps below, and you will have $100 to $300 in your pocket in as little as half an hour.
- Head to the Main Page of our website.
- Fill out the online request form or call your closest Cash Cow Louisiana, Inc. location.
- Once you submit the form, our system will notify your nearest Cash Cow Louisiana, Inc. location. One of our friendly loan experts will give you a quick call back to discuss the rest of your application.
- Take your most recent pay stub, a black check from your active checking account, and your state-issued photo identification card (driver's license, for example) to your closest Cash Cow Louisiana storefront.
- Wait while one of our licensed and knowledgeable loan specialists examines your documents.
- Sign the documents and receive up to $300 on the same day as you apply.
Get Your Louisiana Online Payday Loan Today!
Since you're now clued up on the ins and outs of Louisiana online payday loans, it's time to get in touch! We're looking forward to helping you pay off your medical bills, fund your home repairs, or pay for any other emergency by providing fast payday loans service. Get the process started today by calling us via phone or filling out an online form on our website to get your cash in no time!