Payday Loans in Barataria, Louisiana

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No payday loan companies in Barataria, LA. Consider companies in other cities:

Company nameAddressZip codePhone number
Harbor Loans of Alexandria 2851 N MacArthur Dr, Alexandria, LA 71303 +1 (318) 445 - 2470
Tower Loan 6363 Hearne Ave 210, Shreveport, LA 71108 +1 (318) 635 - 8911
Allied Cash Advance 1812 W Pinhook Rd, Lafayette, LA 70508 +1 (337) 266 - 8993
RELIABLE FINANCIAL SERVICES OF BASTROP 1755 E Madison Ave, Bastrop, LA 71220 +1 (318) 283 - 0012
Bengal Credit Inc 57805 Haase St, Plaquemine, LA 70764 +1 (225) 687 - 7525
Cash Cow 1950 Manhattan Blvd #113, Harvey, LA 70058 +1 (504) 362 - 2408
ACE Cash Express 2766 Belle Chasse Hwy, Gretna, LA 70053 +1 (504) 398 - 0039
All-State Credit Plan, LLC 1103 St Mary St, Thibodaux, LA 70301 +1 (985) 447 - 1601
Crescent Bank Trust 5401 Jefferson Hwy D, New Orleans, LA 70123 +1 (504) 544 - 6999
Southland Finance Co 1105 7th St, Morgan City, LA 70380 +1 (985) 385 - 2001

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Barataria, LA, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Lake Charles, LA, Payday Loans in Marrero, LA, No Credit Check Loans in Metairie, LA, Payday Loans in Monroe, LA, No Credit Check Loans in New Iberia, LA, 24-Hour Loan in New Orleans, LA, Payday Loan Without a Credit Check in Prairieville, LA and Payday Loans in Shreveport, LA. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Barataria, LA.

Beautiful sights of Barataria, LA

Payday Loans Available in Barataria, LA By The Following ZIP Codes:

70036

Are Payday Loans Legal In Barataria, Louisiana?

Loan Rates and Fees, Laws and Regulations in Louisiana.

Louisiana Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)391
Maximum Loan Amount$350
Minimum Loan TermNot Specified
Maximum Loan Term30 days
Number of Rollovers AllowedNot specified
Finance Charges16.75% of the amount advanced

Barataria, LA payday loan calculator

Payday Loans in Barataria, Louisiana

Payday loans are a type of short-term loan that can be a useful resource for individuals who are in need of quick cash. In Barataria, Louisiana, payday loans are legal. While these loans can provide financial assistance, it is crucial that borrowers understand the terms and conditions of these loans to avoid financial pitfalls.

How Do Payday Loans Work?

Payday loans are typically small loans that range in amount from $100 to $1,500, depending on state laws and individual lender policies. These loans are designed to be repaid on the borrower’s next payday, typically within two to four weeks of the loan being issued.

Payday loan lenders typically do not require traditional credit checks, making them more accessible to individuals with poor credit histories or no credit at all. Instead, lenders will typically require a borrower to provide proof of income, such as a pay stub or bank statement, to ensure that the borrower can repay the loan.

The Cost of Payday Loans

Payday loans are typically much more expensive than other forms of credit, with interest rates that can range from 300% to 600% or higher. This is because payday loans are considered high-risk loans, as borrowers are typically low-income individuals who are in need of quick cash and may have limited options for borrowing.

In Louisiana, payday loan lenders are allowed to charge a maximum interest rate of 16.75% of the amount borrowed, which can result in significant fees for borrowers who are unable to repay the loan on time.

The Risks of Payday Loans

While payday loans can be a useful resource for individuals who need quick cash, they also come with significant risks. The high interest rates and fees associated with these loans can quickly add up, making it difficult for borrowers to repay the loan and potentially leading to a cycle of debt.

Additionally, payday loan lenders have been accused of predatory lending practices that target vulnerable populations, such as low-income individuals and seniors. These lenders may use misleading or aggressive tactics to encourage borrowers to take out loans they cannot afford to repay.

Interesting Facts and Statistics

  • In Louisiana, the average payday loan is $350.
  • According to a survey by the Louisiana Budget Project, nearly one-third of borrowers reported taking out a payday loan to pay for basic living expenses.
  • In 2019, Louisiana lenders issued an estimated 650,000 payday loans, with borrowers paying an estimated $162 million in fees and interest.

Apply Now

If you are considering taking out a payday loan in Barataria, Louisiana, it is important to carefully consider your options and understand the risks involved. TheGuaranteedLoans is a connector service that can help match you with potential lenders who may be able to provide you with a loan that meets your needs.

Remember, TheGuaranteedLoans is not a direct lender and does not make lending decisions. We simply facilitate connections between borrowers and lenders. To apply for a loan, simply fill out our online application form and we will work to match you with lenders who may be able to provide you with the loan you need.

Good luck and borrow responsibly!

F.A.Q.

What are the consequences of defaulting on a payday loan in Barataria, Louisiana?

If you default on a payday loan in Barataria, Louisiana, the lender may pursue legal action to collect the debt. This can result in wage garnishment, property liens, or other legal actions.

Can I take out multiple payday loans in Barataria, Louisiana?

in Barataria, Louisiana, you are not allowed to take out more than one payday loan at a time. This is to prevent consumers from getting trapped in a cycle of debt by taking out multiple loans with high interest rates and fees.