How Do Payday Loans Work in Louisiana?

June 17, 2021 | Louis Tully

Lady with payday loan in Louisiana

Payday loans are an option worth looking into for people who need just a few hundred bucks to cover an emergency expense on short notice. Something like an unanticipated visit to a doctor, an auto repair, a locksmith’s visit, or overdue bills are all good examples.

If you’re looking into payday loans in Louisiana, you might want to consider getting one with Cash Cow.

The process of getting a loan with Cash Cow in Louisiana is simple and accessible, you’d be getting money the same day if approved, and you’d only need a few documents to qualify.

What You Should Know about Payday Loans in Louisiana

How Do I Qualify for Payday Loans in Louisiana?

Payday loans are potentially one of the easiest loans to qualify for. The qualifying requirements for payday loans at Cash Cow are pretty flexible for the most part. There are just a few you need to provide:

  1. A valid state-issued photo ID – for the lender to be able to verify your identity and legal age (you must be at least 18 to qualify for a payday loan in Louisiana);
  2. Proof of income and ability to pay the loan off – typically your most recent pay stub, but there can be some alternatives in certain cases;
  3. A blank check from an active checking account in your name.

How Do I Find Payday Loans in Louisiana Near Me?

Cash Cow has multiple locations across the state. You should easily be able to find the Louisiana payday loans store location near you on the website.

How Long Will It Take to Get Approved for Payday Loans, Louisiana?

Getting a payday loan with Cash Cow should take you less than a day.

It should only take a few minutes to submit the filled-out online form and a few more for the information to get processed and a store representative to get in touch with you.

After that, the representative will need to assess your documents to determine if you qualify for the loan and walk you through the final steps if they decide to approve you. This process typically takes under an hour and could take as little as 30 minutes if everything’s in order.

If approved, you’ll get the cash the VERY SAME DAY.

Can I Get Payday Loans in Louisiana with Bad Credit or if I Have No Credit History at All?

Yes, you can get payday loans Louisiana has to offer even if your credit is bad or nonexistent altogether.

Cash Cow welcomes borrowers of all credit types. As long as you provide all the necessary documentation and that documentation is up to par with the lender’s requirements, you can get approved for the loan regardless of your credit situation.

What Are My Chances of Getting Payday Loans in Louisiana if My Income Is Irregular or if I’m Unemployed?

Unemployed needs a payday loan in LA

Payday loans are unsecured loans. As there’s no putting up an asset for collateral, you are usually required to provide your most recent pay stub as proof of your ability to pay the loan off down the line.

However, that doesn’t mean that you’re entirely out of chances if you’re just starting your new job (and thus have no recent pay stub to provide), your income is irregular, or if you’re currently unemployed.

If you’re able to provide proof for alternative payoff means, you might still get approved. Unemployment benefits, worker’s compensation, pensions, or savings are just a few examples of alternative payoff means previously used by the borrowers.

Just make sure not to blindside the representative – tell them about your situation and ask what documentation you’d have to provide, then provide correct documentation following their instructions.

Will My Credit Score Be Affected if I Get Payday Loans in Louisiana?

Payday loans Louisiana has to offer won’t influence your credit score in any way.

Cash Cow doesn’t report its loan information to any credit agencies – as such, the loan has no impact on your credit history whatsoever.

When getting a loan with Cash Cow, you can rest assured that your information will remain entirely private.

How to Get Payday Loans in Louisiana RIGHT NOW

  1. First things first – make sure you’ve got all the required items (the state-issued photo ID, your most recent pay stub – or other proof of income – and a blank check from an active checking account in your name) ready for the loan representative.
  2. If you do, just fill out the online request form you’ll find on the website to send your information to the nearest Cash Cow store location.
  3. When the form gets processed, you’ll get a call from the store representative who’ll check the information, answer any questions you might have, and provide further instructions.
  4. Follow the representative’s instructions and provide them with the required items, so they’re able to determine if you qualify for the loan. If you are, and the terms of agreement seem satisfactory enough for you, sign a few documents and get your cash. All this could take as little as 30 minutes.

Payday loans Louisiana are an alternative to traditional loans if you’re looking for fast cash now. If you are approved for one, you’ll be able to get up to $300 THE VERY SAME DAY. Get started with an online form right now to get your payday loan and cover your emergency expenses ASAP!