Payday Loans in Effie, Louisiana

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

Company nameAddressZip codePhone number
Loan Masters 880 W Bert Kouns Industrial Loop D, Shreveport, LA 71118 +1 (318) 688 - 8297
Advance America 2210 EE Wallace Blvd. North, Ferriday, LA 71334 +1 (318) 757 - 2335
Pay Day Now 1176 Homer Rd, Minden, LA 71055 +1 (318) 382 - 8299
Express Check Advance 1002 Jefferson Terrace Ste E, New Iberia, LA 70560 +1 (337) 369 - 9223
Republic Finance 10850 LA-3125, Gramercy, LA 70052 +1 (225) 869 - 5757
All-State Credit Plan, LLC 13491 US-90, Boutte, LA 70039 +1 (985) 331 - 0422
Wymar Federal Credit Union 37269 Louisiana 30 W 3519, Geismar, LA 70734 +1 (225) 673 - 7191
World Finance 5020 Cut-Off Rd Ste D, Coushatta, LA 71019 +1 (318) 932 - 8241
Quik Cash 910 S Vienna St #7, Ruston, LA 71270 +1 (318) 242 - 7487
Opelousas Loan 5587 Interstate 49 South Service Rd, Opelousas, LA 70570 +1 (337) 407 - 9695

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Effie, LA, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Monroe, LA, Payday Loans in New Iberia, LA, Guaranteed Loans in New Orleans, LA, Bad Credit Loans in Prairieville, LA, Payday Loans in Shreveport, LA, Payday Loans in Baton Rouge, LA, Short-term Loans in Bossier City, LA and Online Loans in Houma, 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 Effie, LA.

Are Payday Loans Legal In Effie, 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

Effie, LA payday loan calculator

Payday Loans in Effie, Louisiana: What You Need to Know

Many people find themselves in need of emergency funds at some point in their lives. Whether it’s due to unexpected medical expenses, car repairs, or other unforeseen circumstances, sometimes we just don’t have enough money to cover the costs. In these situations, payday loans can provide a useful solution. If you’re in Effie, Louisiana and looking for information on payday loans, this article is for you.

What are Payday Loans?

Payday loans, also known as cash advances, are small, short-term loans that borrowers take out in order to cover unexpected expenses. These loans are typically for amounts of $500 or less and are meant to be repaid when the borrower receives their next paycheck. In Louisiana, payday loans are legal, but there are some regulations that lenders must follow.

How Do Payday Loans Work?

Applying for a payday loan is a simple process. Typically, borrowers will need to provide proof of income and identification, as well as a postdated check or authorization for an electronic withdrawal from their bank account. The funds will be deposited into the borrower’s account, usually within 24 hours.

When it comes time to repay the loan, the borrower will either provide the lender with a postdated check or the lender will withdraw the funds from the borrower’s bank account. If the borrower cannot repay the loan in full on the due date, they may be able to extend the loan or roll it over for an additional fee.

What Are the Regulations for Payday Loans in Louisiana?

In Louisiana, payday loans are legal, but there are regulations in place to protect consumers. Lenders must be licensed by the Louisiana Office of Financial Institutions and are prohibited from charging interest rates above 16.75%. Additionally, lenders are required to provide borrowers with a written agreement that outlines the terms of the loan, including the repayment schedule and any fees or charges.

What Are the Benefits of Payday Loans?

Payday loans can provide a useful solution for those who need emergency funds and don’t have access to traditional loans or credit cards. Because they are short-term loans, borrowers can quickly get the funds they need without taking on long-term debt. Additionally, payday loans can be obtained quickly and easily, making them a convenient option for those who need money fast.

What Are the Risks of Payday Loans?

While payday loans can be a useful tool, they also come with risks. Because they are short-term loans, they often come with high interest rates and fees. Additionally, if a borrower is unable to repay the loan on the due date, they may be forced to roll the loan over or take out another loan. This can lead to a cycle of debt that can be difficult to break.

Interesting Facts about Payday Loans in Effie, Louisiana

  • According to a report by the Louisiana Budget Project, payday lenders in Louisiana charge an average interest rate of 391% on their loans.
  • In 2019, the Louisiana legislature passed a bill that would have increased the maximum interest rate for payday loans to 167%, but the bill was vetoed by Governor John Bel Edwards.
  • Effie, Louisiana is home to several payday lending locations, including Ace Cash Express and Cash Cow.

Apply Now

If you’re in Effie, Louisiana and in need of emergency funds, TheGuaranteedLoans can help. As a connector service, we can connect you with potential lenders who may be able to provide you with a payday loan. Simply fill out our online application and we’ll do the rest. Remember, payday loans can be a useful tool, but they should be used wisely and with caution.

Disclaimer: TheGuaranteedLoans is a connector service, not a direct lender. We do not make credit decisions or provide loans. Instead, we facilitate the connection between borrowers and potential lenders. If you are approved for a loan, you will work directly with the lender to finalize the details of your loan.

F.A.Q.

Are payday loans available to borrowers with bad credit in Effie, Louisiana?

Yes, payday loans are typically available to borrowers with bad credit in Effie, Louisiana. However, some lenders may have stricter eligibility requirements based on their own policies.

Can I apply for a payday loan online in Effie, Louisiana?

Yes, many payday lenders in Effie, Louisiana offer online application and approval processes, allowing borrowers to apply and receive their funds quickly and conveniently.