What Do I Need to Know about Louisiana Payday Loans?
Getting a payday loan in Louisiana could be of great help in certain situations.
However, there are certain things one needs to know before starting the application process.
When Louisiana Payday Loans Are a Good Idea
Getting a loan of any kind should never be your first choice of action if you find yourself in trouble. If there’s any chance you could get cash together by means that don’t add to your existing financial obligations – then you should use those means (work overtime, get a side gig, ask for a salary advance, etc.).
However, when you’re on a tight deadline and need cash on short notice to deal with a time-sensitive problem, getting Louisiana payday loans could be an optimal option.
Good examples of such problems would be unplanned doctor’s visits and other medical issues, an urgent auto repair, emergency visits for an electrician/plumber/locksmith/etc. or even having to cover overdue bills.
How to Qualify for Louisiana Payday Loans
To qualify for a payday loan at Cash Cow in Louisiana, you need to be at least 18 and able to prove your ability to pay off the loan. The lender will do their best to accommodate your situation otherwise, but you’ll need to provide:
- A state-issued photo ID to verify your identity and legal age;
- Your most recent pay stub as proof of income – it will determine the amount of loan you qualify for;
- A blank check from an active checking account in your name.
What if You Have Bad Credit
You can be eligible for a payday loan with Cash Cow in Louisiana even if your credit is bad (you have discharged bankruptcy, your checks bounced recently, etc.).
What if You Have No Credit
Cash Cow is open to borrowers with all credit situations – and that includes not having any credit history at all.
What is important to the lender is the state of your required items. If they’re up to par, you’re likely to get a loan even if you have no credit at all.
What if You’re Unemployed
Your most recent pay stub is on the list of required items, as your payment would need to determine the size of the loan you qualify for, as well as the loan payoff date.
However, that doesn’t mean you’re outright disqualified if you’re unemployed.
You could get Louisiana payday loans while unemployed if you’re able to provide alternative proof of income and prove you’d be able to pay the loan off on time.
Cash Cow borrowers have previously used benefits, court-mandated compensations, pensions, alimonies, and even savings to qualify for the loan.
Talk to your loan representative, they should be able to instruct you about the documents you’ll need to provide. Make sure you have the correct documents in the application procedure.
The Impact of Louisiana Payday Loans on Your Credit Score
Louisiana payday loans won’t impact your credit score in any way, shape, or form.
This is because for a loan – any loan – to be reflected upon your credit, it should be reported to a credit agency first.
When you apply for a loan with Cash Cow in Louisiana, you can rest assured that your information will be kept private, with only the lender having access. It will never go onto any credit reports.
Can Louisiana Payday Loans Help Rebuild Your Credit?
Unfortunately, not. Since your information won’t be shared with credit bureaus, you don’t have chances to rebuild your credit with the help of Louisiana payday loans. Keeping the loan information private is non-negotiable when getting a loan with Cash Cow in Louisiana.
Get up to $300 with Louisiana Payday Loans TODAY! Here’s How:
- Prepare all the required items in advance: a valid government-issued photo ID, your most recent pay stub (or other proof of income), and a blank check from an active checking account before you start.
- Use an online request form on the website to send your information to the nearest store. Soon enough, a store representative will be giving you a call.
- Take the required items to the meeting the store representative sets up for you. They’ll need to assess your documents to determine if you qualify for the loan, and how much cash you should get. This procedure usually doesn’t take more than 30-40 minutes.
- If they decide to approve you, you’ll get the cash you qualified for the same day.
Submit Your Inquiry Today!
So, what are you waiting for? Get your payday loans in Louisiana today to solve your urgent financial problems! It all starts with a simple online form found on our website!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.