What Do I Have To Do To Get Payday Loans In Lake Charles, LA?
Knowing what you must do to get payday loans in Lake Charles, Louisiana, can help you in a myriad of financial emergencies like paying overdue utility bills and funding urgent travel. Luckily, it's very simple to get through the Cash Cow of Louisiana process — all you need to do is gather the required documents and follow our steps.
If you think coming to Cash Cow for payday loans in Lake Charles, this guide will help you figure out the requirements and our simple process to find out if you qualify for approval. But first, it's important to establish whether a payday loan is right for you and your specific situation, which you will also find in this guide.
How To Find Out Whether Payday Loans Are Right For You
When it comes to our payday loan, you use the money when you have an emergency and are in between pay periods at work. Simply put, if you're in need of cash and you don't have the luxury of time, a payday loan is an option. But for a more concrete answer, follow the five tips and tricks below.
1. Understand Your Reasons
The first thing you should do to understand payday loans in Lake Charles is understand the reason behind getting a payday loan. You can't think of it as a regular or ongoing credit type — they're designed for one-off, emergency payments only. Therefore, if you're regularly struggling with finances, this isn't the right way to solve them. Our customers tend to use our loans for:
- Paying unexpected medical bills.
- Avoiding late or missed rent or mortgage payments.
- Funding urgent travel.
- Avoiding late fees on utility payments.
- Paying for emergency home repairs like major roof damage.
- Paying for critical auto repairs.
2. Figure Out How Much You Need
If you have a justifiable reason to acquire a payday loan, the next step is to calculate the exact figure you need. If you don’t do this, you'll end up spending way more than necessary when repaying the loan. Remember, we ultimately decide how much you can receive with payday loans in Lake Charles. So knowing how much you would need can help you decide if this is the right loan.
3. Know Your Affordability
At this point, you know why you require payday loans in Lake Charles and how much it'll cost to fix the problem. But now, you need to figure out how much you can afford to repay. If you fail to understand your affordability before getting the loan, you will end up in a worse financial situation when it comes to repaying it.
4. Read The Terms And Conditions Carefully
Next, ensure you read all the loan documents carefully — including the fine print. You must feel comfortable before you sign the documents. Our loan associates are always available to talk you through the wording and clear any concerns. In fact, if you are approved for this loan, we will sit down with you to go over the terms and conditions before you sign anything.
5. Understand Your Credit Score
Finally, understand that payday loans in Lake Charles are predominantly for those with low credit scores. This means we will not automatically turn you down just because you have a poor credit score. Just keep in mind that this loan is not designed to fix your credit. So if that is your goal of getting a payday loan, you need to look to other financial options.
Everything You Need To Get A Payday Loan In Lake Charles
Now that you've gone through the guide and have decided that payday loans in Lake Charles are suitable for you, it's time to gather the necessary documents. The good thing is we don’t require you to bring in a lot of items. You need the following three things to get through the process for a payday loan from us:
- Proof of income — We require your most recent pay stub as your proof of income. That said, other forms of income may be allowed if you aren't currently employed. Depending on your situation, you might be able to use alimony payments, inheritance, or social security benefits as income proof.
- Valid government-issued identification — We suggest using your driver's license because it's usually the most readily available. But you can also use state-issued photo identification.
- Blank check — Please ensure the blank check comes from an active checking account open in your name.
Again, unlike other types of loans, you don't need to have a fantastic credit rating to find out if you can gain approval. We use your income proof to establish your affordability. We don't think you should be penalized for credit scores, which can be very fickle at the best of times.
How To Get Payday Loans In Lake Charles, LA
Obtaining payday loans in Lake Charles is easy once you've gathered all the required documents, as per the section above. And if you ever need a reminder of what you need, our website clearly lists everything you need to bring in with you. With everything handy, simply follow the six steps listed below:
- Start by giving your local Cash Cow location a call or completing our simple online request form. The latter sends your information directly to your nearest storefront.
- One of our loan associates calls you to confirm the information provided on the form, talk you through the process, and ensure you understand the required items.
- Take your blank check, government-issued photo ID card, and your proof of income to your nearest Cash Cow of Louisiana store.
- One of our loan representatives will evaluate your documents to establish whether you qualify and the specific loan limit.
- Afterward, they will help you through the remaining stages of the process. Finally, you receive the money you need on the same or very next business day.
Get The Payday Loans You Need Today
As you can tell by this guide, it isn’t difficult to get a payday loan. If you find yourself in a financial bind and need help, get payday loans in Lake Charles today. We can help you get the quick money you need to get your expenses paid for. Just go on our website and fill out the online form to get started.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.