payday loans Monroe, Louisiana

What Are The Requirements To Get Payday Loans In Monroe, LA?

Are you thinking about getting online payday loans in Monroe, LA? It's essential to know the requirements beforehand. Make sure you know exactly what's expected of you prior to starting.

The Requirements For Online Payday Loans in Monroe, LA

Payday loans in Monroe, LA, have risen in popularity due to their ultra-lenient requirements. You don't need a long list of paperwork or hard-to-find documents. Instead, you need to ensure you have the following four items:

1. Driver's License

Most financial institutions require a valid ID to verify your identity. With payday loans being a financial responsibility, lenders want to make sure that a borrower is of legal age. That’s why the driver’s license is required. An alternative would be a state-issued ID.

2. Recent Pay Stub

Even though a payday loan is a short-term type of lending, we need to make sure that you are capable of paying back the borrowed amount. That’s the reason why we require you to provide your recent pay stub from work. Ensure it is your most recent one. Again, it's so we get a complete overview of your latest financial environment.

3. A Blank Check From A Checking Account

Usually, blank checks from a checking account allow financial institutions to setup your direct deposit, as all the necessary information about your checking account is reflected on them. Your checking account must be open in your name so we can verify all your documents accurately.

One of the greatest things about getting payday loans in Louisiana with Cash Cow is that alternative means of income are also considered. It could be any of the following:

  • Social security check
  • Pension
  • Unemployment benefits
  • Alimony

So, call one of the storefronts in Monroe, LA nearest to you to make sure they’re willing to accommodate your type of income before driving there.

calling payday loan in monroe LA store

The Benefits Of Online Payday Loans

Now the question you might be asking is, "why should I get a payday loan?" Well, let's take a look at the top 5 benefits to find out exactly why.

1. They Are Easy To Qualify For

Conventional loans from a bank have a long list of criteria that you have to meet before even thinking about qualifying. But online payday loans come complete with lenient requirements and standards (as you can see from the above).

2. We Process Them Incredibly Quickly

Traditional loans take a very long time to process and verify. Thankfully, that is not the case when taking out online payday loans. It takes less than 24 hours to process, and you might get your cash in around half an hour.

3. They Are Perfect For Emergencies

The above point makes it clear that payday loans are outstanding for emergencies. They are designed specifically for urgent situations that require an almost immediate influx of cash. However, the particular speed varies from company to company. Cash Cow won't leave you waiting for a long time so that you can start working on solving your urgent issue as soon as possible.

4. We Accept All Credit Situations

Banks like to ask for a near-perfect credit score before they decide whether to offer you a loan. And while we're sure you wish you had an excellent rating, it's just not the reality for most people. That's where payday loans come into play. With Cash Cow, you can borrow between $100 and $300 regardless of whether you have a good or bad credit score. You only need the requirement list we shared with you earlier.

5. You Can Refinance Your Loan If Necessary

The state of Louisiana allows you to refinance your payday loan. However, it's worth mentioning that you should avoid doing this if possible. For those who want more information about the refinancing process, you can get in touch with your friendly local Cash Cow loan associate.

How To Get Online Payday Loans Monroe, LA Storefronts Offer

  1. Go to our locations page and find the 2 stores in Monroe, LA. Choose the nearest one to you. Contact them either by phone at 1-800-514-2274 or by submitting the short, online request form that sends your information to that storefront.
  2. One of our loan associates calls you back to confirm your information, answer your questions, explain the process, and tell you about the procedure.
  3. After the phone call, head to the chosen location with the required items prepared in advance.
  4. One of our loan representatives will examine your paperwork to confirm whether you qualify.
  5. If you do qualify for online payday loans Monroe, LA location has to offer, you’ll finish the paperwork with the help of the loan expert.
  6. Finally, you receive the money you need. It can be over and done in as little as 30 minutes (depending on the time of the day you apply and your bank transfer delay policy).

got a payday loan in monroe LA

Get Online Payday Loans in Monroe, LA Today!

Now that you know all the requirements for online payday loans in Monroe, LA, get your documents ready, and away you go. Get the process started today either by calling 1-800-514-2274 or submitting a short inquiry for Louisiana payday loans 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.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.