Payday Loans in Baskin, Louisiana

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

Company nameAddressZip codePhone number
Easy Money EMG 1200 US-190 BUS #17, Covington, LA 70433 +1 (985) 871 - 0590
Gibsland Bank & Trust Co 318 N Main St, Sibley, LA 71073 +1 (318) 371 - 9465
St James Credit 101 S Millet Ave, Gramercy, LA 70052 +1 (225) 869 - 4300
Express Check Advance 5620 I-49 Frontage Rd #3, Opelousas, LA 70570 +1 (337) 942 - 7566
Rayne State Bank & Trust Co 741 S Main St, Church Point, LA 70525 +1 (337) 684 - 6832
1st Franklin Financial 801 S Arkansas St Suite 1, Springhill, LA 71075 +1 (318) 539 - 2935
World Finance 908B Brashear Ave, Morgan City, LA 70380 +1 (985) 384 - 6061
Easy Money Group 5215-C Jackson ST. EXT., Alexandria, LA 71303 +1 (318) 443 - 1037
American Cash Advance 1000 Creswell Ln, Opelousas, LA 70570 +1 (337) 407 - 1360
Republic Finance 400 W St Francis St Ste C-1, Brusly, LA 70719 +1 (225) 749 - 8709

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Baskin, LA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Kenner, LA, Payday Loan for Lafayette, LA, Short-term Loans in Lake Charles, LA, Guaranteed Loans in Marrero, LA, Payday Loan Without a Credit Check in Metairie, LA, Payday Loan Without a Credit Check in Monroe, LA, Payday Loans in New Iberia, LA and Payday Loan Without a Credit Check in New Orleans, 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 Baskin, LA.

Beautiful sights of Baskin, LA

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

71219

Are Payday Loans Legal In Baskin, 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

Baskin, LA payday loan calculator

Payday Loans in Baskin, Louisiana

If you are in need of quick cash to cover unexpected expenses or emergencies, a payday loan in Baskin, Louisiana, can be a viable option. In Louisiana, payday loans are legal, and those in Baskin can take advantage of the convenience and accessibility of such loans.

However, it’s essential to understand the potential risks and benefits of payday loans before seeking them. This article will provide you with comprehensive and easy-to-understand information regarding payday loans in Baskin, Louisiana.

What are Payday Loans?

Payday loans are short-term loans that are typically due on the borrower’s next payday. The loan amount usually ranges from $100 to $1000, depending on the state and individual lender.

To get a payday loan, the borrower provides the lender with a postdated check or electronic access to their bank account. The lender then advances the borrower the loan amount, and when the loan is due, they either collect the post-dated check or withdraw the money directly from the borrower’s account.

State Regulations

In Louisiana, payday loans are legal, and the state has even set up regulations to protect borrowers from predatory lending practices. The maximum loan amount in Louisiana is $350, and the loan term must be no more than 60 days.

Lenders in Louisiana can charge up to 16.75% of the loan amount as a finance charge, plus additional fees. For example, on a $100 loan, the maximum finance charge is $16.75, and the total amount payable would be $116.75.

The Pros and Cons

Like any financial decision, taking out a payday loan in Baskin, Louisiana, comes with both benefits and drawbacks. The most significant advantage of payday loans is their accessibility and convenience. Payday loans are relatively easy to obtain, and the application process is quick and straightforward.

However, payday loans are also one of the most expensive forms of credit, with high-interest rates and fees. If the loan is not repaid on time, borrowers may be subject to even higher fees and finance charges, leading to a cycle of debt.

Pros:

  • Quick and simple application process
  • Accessible to those with bad credit or no credit history
  • Can provide emergency cash when needed

Cons:

  • High-interest rates and fees
  • Can lead to a cycle of debt if not repaid on time
  • Not a long-term solution for financial problems

Interesting Facts and Statistics

According to a study conducted by the Louisiana Office of Financial Institutions, in 2018, payday lenders in Louisiana made over 3.5 million loans, with a total loan amount of over $1.3 billion. The average loan amount was $377, and the average finance charge was $52.

Apply Now

If you have weighed the pros and cons and decide that a payday loan in Baskin, Louisiana, is the right option for you, TheGuaranteedLoans can help. We are not a direct lender but a loan connector service that can connect you with online payday lenders in Baskin, Louisiana.

To apply for a payday loan with our service, simply fill out our online application form, providing us with some basic information about yourself and your financial situation. We will then match you with potential lenders, and if approved, you can receive the cash you need as soon as the next business day.

Please keep in mind that payday loans are a short-term solution and should not be used for long-term financial issues. Lenders may perform credit checks or other verifications before approving a loan.

The Bottom Line

Payday loans are legal in Baskin, Louisiana, and can provide quick and easy access to cash when needed. However, borrowers should understand the potential risks and benefits before deciding to take out a payday loan. If you choose to apply for a payday loan, consider TheGuaranteedLoans as a loan connector service to help facilitate your application process.

F.A.Q.

What are the maximum loan amounts and fees for payday loans in Baskin, Louisiana?

in Baskin, Louisiana, the maximum loan amount for a payday loan is $350, and the maximum fee that a lender can charge is $20 per $100 borrowed. This means that the maximum annual percentage rate (APR) for a payday loan in Baskin, Louisiana is 390%.

What should I consider before taking out a payday loan in Baskin, Louisiana?

Before taking out a payday loan in Baskin, Louisiana, it's important to consider whether the loan is truly necessary and whether you will be able to afford the repayment on your next payday. It's also a good idea to shop around and compare offers from different lenders to ensure that you are getting the best possible deal. Additionally, it's important to understand the terms and conditions of the loan, including the APR, fees, and repayment schedule.