Our specialists at Cash Cow understand that unexpected bills can easily catch you off guard if you don’t have an emergency fund to tap into. A payday loan can help you cover urgent expenses in the shortest timeframe.
In this guide from Cash Cow in Louisiana, learn how a payday advance can help with unexpected bills, including auto repairs, travel costs, and medical bills. We will also explain how you can get approved for our Louisiana payday loans in just a few easy steps!
What Financial Emergencies Can You Afford With A Payday Loan?
A payday loan is an unsecured loan that lets you borrow emergency cash for urgent expenses. You can prove your income and borrow up to $700 from a future paycheck for a financial emergency.
Of course, you wouldn’t want to put yourself in debt only to be able to buy a new pair of shoes or to have dinner at an expensive restaurant. However, payday loans can be beneficial in situations when you need to act ASAP.
The following are the financial emergencies you can afford with a payday advance:
- Car repairs: Imagine you’re only a couple of days from payday and your car suddenly breaks down on the way from home to work. If your vehicle is your primary source of transport, you need to get it fixed fast. A payday loan can help take care of a flat tire, a dead battery, and many other issues. The most common car repairs can cost you a few hundred bucks.
- Medical emergencies: You can pay $383 on average for an emergency room visit. In most cases, you can’t predict a visit to the hospital. Fractures, severe pains, loss of consciousness, bleeding, and breathing difficulties typically occur unexpectedly. If you don’t have enough money to pay for such a visit, you might find a payday loan helpful. You should always prioritize your health, so a payday loan can help with financial aid for medical expenses.
- Funeral costs: Burying a loved one can end up becoming more than just an emotional burden. Funerals can get very expensive. In some cases, you might have to fly to another state to attend such a sad event, so you would need extra cash that a Louisiana payday loan can help with.
- House repairs: Bursting pipes, roof leaks, a broken water heater, or an overflowing toilet – all these emergencies can cost you a lot more if you don’t take care of them as soon as possible. Furthermore, some of them can become a health hazard that needs to be urgently fixed before someone gets hurt. Get fast financial relief today with a payday loan to afford them.
- Vet bills: Vet visits can be pretty pricey. A physical exam can set you back about $150, while basic blood work can cost up to $200. A payday loan can become a way to cover expenses if you don’t have insurance. Keeping your pet healthy and happy should be your number one priority, which is where a cash advance can help with quick emergency cash.
How Can A Payday Loan Help Cover An Emergency Expense?
You likely will not be able to wait to afford your unexpected bills. If you fail to pay them on time, you could suffer late fees, service disruptions, lowered credit, or health hazards from an injury or auto/home issue. A payday loan can help borrowers who need quick financial help for their financial emergencies.
The following are some of the ways a payday advance can help during emergency situations:
- Quick access to funds: If you decide to go for a payday loan, you won’t have to spend hours or days gathering the necessary documents and waiting for a loan decision. You’ll only need a few items, and once you come to the store, it might take just 30 minutes to find out whether you qualify and how much. If you do get approved, you will usually be able to get your hands on the much-needed money as soon as the same or the following business day.
- No collateral required: To take out a title loan, you would have to secure the loan with a lien-free title. This means that your car needs to be fully paid off. Not everyone has a valuable asset that they own outright that they can afford to put up as collateral. With a payday loan, you will only need to prove your income with a recent pay stub.
- Fast repayment: Just as the name suggests, a payday loan is typically paid off with the next paycheck. You won’t have to carry an additional financial burden for long—get the money, cover your emergency, and pay off the loan in a few weeks—that’s it!
What Are The Eligibility Requirements For Payday Loans?
One of the reasons you can get approved quickly for payday loans is our simple requirements. Unlike a traditional bank loan, you will not need tons of items that can take weeks to find. You should be able to easily find items to prove our requirements for same-day approval for payday loans.
The following are the required items for a payday loan in Louisiana:
- A state-issued photo ID with your full name and age displayed
- Your most recent pay stub to verify your income
- A blank check from an active checking account in your name
Getting Approved For Louisiana Payday Loans: A Step-By-Step Guide
Now that you understand how payday loans can help during emergency situations, you can start the process of getting approved. You can start the process online and receive loan approval in less than a day. While you will have to finish the process in person, it will take less than 30 minutes and allow you to access your emergency cash within one business day.
The following is a step-by-step guide for payday loan approval:
- Submit your name, zip code, and contact information through our online form
- Speak to a loan associate on the phone about payday loan details
- Bring your required items to the nearest Louisiana store location
- Get your requirements verified in person
- Sign the loan agreement to complete the process
- Receive your payday loan emergency on the same day or the next business day
Frequently Asked Questions About Payday Loans
How much can you borrow with a payday loan in Louisiana?
The amount you’d be able to qualify for would depend on how much you earn and your ability to repay the loan. The easiest way to show that you have a stable income is by bringing your most recent pay stub. However, you might not be working with traditional pay stubs, or you may be unemployed at the moment. You may be able to qualify with earnings statements, but you will have to call the store ahead of time to confirm.
Can you get approved for payday loans for bad credit?
Your credit score is not a factor that will be considered when determining whether you qualify for approval. With us, you can get a bad credit payday loan. However, your score may determine how much you can borrow.
Can a borrower get more than one payday loan at a time?
An expensive financial emergency, such as a medical bill, may require more money than you can borrow with a cash advance. However, borrowers can only get one payday loan at a time to prevent a debt spiral. If you need a second payday loan, you must pay the first one off before borrowing again.
Get Payday Loans In Louisiana – Borrow Up To $700 Today!
If you need to urgently cover your unexpected bills, you might want to consider going for a payday loan from Cash Cow in Louisiana. You can get same-day approval for a payday advance regardless of your credit score. Apply online today with our contact form, and you will hear soon from a loan representative to walk you through the payday loan approval process.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
