Payday Loans in Erath, Louisiana

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
BancorpSouth Bank 1220 N 18th St, Monroe, LA 71201 +1 (318) 388 - 3990
Ponchatoula Credit Inc 123 E Pine St, Ponchatoula, LA 70454 +1 (985) 370 - 4443
City Bank & Trust Co 315 San Antonio Ave, Many, LA 71449 +1 (318) 256 - 4416
IBERIABANK 1000 Center St, Vinton, LA 70668 +1 (337) 312 - 7400
Bank of Sunset & Trust Company 863 Napoleon Ave, Sunset, LA 70584 +1 (337) 662 - 5222
American Thrift & Finance Plan llc 5235 Florida Blvd, Baton Rouge, LA 70806 +1 (225) 926 - 9090
BBA Payday Loans 217 Washington Ave, Mansfield, LA 71052 +1 (318) 871 - 9992
Arcadia Loans 2428 2nd St B, Arcadia, LA 71001 +1 (318) 263 - 9667
Money To Go 2845 N MacArthur Dr, Alexandria, LA 71303 +1 (318) 442 - 7644
BancorpSouth Bank 1701 N 7th St, West Monroe, LA 71291 +1 (318) 361 - 9793

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Erath, LA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Metairie, LA, Payday Loan Without a Credit Check in Monroe, LA, Payday Loans in New Iberia, LA, Payday Loans in New Orleans, LA, Payday Loan Without a Credit Check in Prairieville, LA, Payday Loans in Shreveport, LA, Payday Loan Without a Credit Check in Baton Rouge, LA and Guaranteed Loans in Bossier City, 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 Erath, LA.

Beautiful sights of Erath, LA

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

70533

Are Payday Loans Legal In Erath, 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

Erath, LA payday loan calculator

An Introduction to Payday Loans in Erath, Louisiana

Payday loans are a type of short-term loan that is designed to help individuals cover unexpected expenses or bridge gaps in their finances between paychecks. These loans are typically easy to obtain and have less stringent requirements compared to traditional loans offered by banks and credit unions.

In Erath, Louisiana, payday loans are legal and regulated by Louisiana Statute Title 9, Chapter 2-A. This means that residents of Erath can access these loans through licensed lenders who are registered with the Louisiana Office of Financial Institutions.

How Payday Loans Work in Erath, Louisiana

Payday loans in Erath, Louisiana are typically offered in amounts ranging from $100 to $350, with repayment terms of up to 30 days. To obtain a payday loan, borrowers are required to provide proof of income, a valid state-issued ID, and an active checking account.

Once the borrower’s application is approved, the lender typically provides the funds within one business day. The loan must be repaid in full by the agreed-upon due date, which is usually the borrower’s next payday.

It’s important to note that payday loans in Erath, Louisiana can come with high interest rates and fees. The Louisiana Office of Financial Institutions caps the annual interest rate on payday loans at 780%, and lenders are also allowed to charge fees for loan origination, late payments, and returned checks.

The Pros and Cons of Payday Loans in Erath, Louisiana

Like any financial product, payday loans have their own set of advantages and disadvantages. It’s important for borrowers to carefully consider both the benefits and drawbacks before deciding to take out a payday loan in Erath, Louisiana.

Pros of Payday Loans in Erath, Louisiana

  • Payday loans in Erath, Louisiana are easy to obtain, with less strict requirements from lenders compared to traditional loans
  • Borrowers can access funds quickly, often within one business day
  • Payday loans can be used to cover unexpected expenses or emergency expenses, such as car repairs, medical bills, or utility bills
  • Payday loans can help individuals avoid overdraft fees or late payment fees on existing bills or loans

Cons of Payday Loans in Erath, Louisiana

  • Payday loans in Erath, Louisiana can come with high interest rates and fees
  • Borrowers may fall into a debt trap if they are unable to repay the loan on time, leading to additional fees and interest charges
  • Paying off a payday loan may leave borrowers with less money for other bills or expenses, causing further financial strain
  • Payday loans can be a more expensive option compared to other types of credit, such as credit cards or personal loans

Interesting Facts and Statistics about Payday Loans in Erath, Louisiana

  • According to a report by the Louisiana Office of Financial Institutions, there were 5,542 payday loan locations in Louisiana in 2020
  • In the same report, the Louisiana Office of Financial Institutions noted that Louisiana consumers borrowed over $1 billion in payday loans in 2019
  • As of August 2021, the average interest rate for a payday loan in Louisiana was 391%
  • It’s estimated that upwards of 25% of payday loan borrowers in Louisiana end up taking out additional loans to pay off their original loan

Apply Now for a Payday Loan in Erath, Louisiana

If you’re a resident of Erath, Louisiana and are in need of a payday loan, you can apply online through TheGuaranteedLoans website. We are a connector service that works with a network of reputable lenders to facilitate loan connections for borrowers.

It’s important to note that TheGuaranteedLoans is not a direct lender and does not make loan decisions. Instead, we work to connect borrowers with potential lenders who may be able to offer them the loan they need.

Apply now for a payday loan in Erath, Louisiana on our website, and let us help you find the financial solution that works for you.

F.A.Q.

Can I take out a payday loan if I have bad credit?

Yes, payday loans in Erath, Louisiana are typically available to consumers with bad credit. However, the terms of the loan, such as the interest rate and fees, may be higher for those with poor credit.

What are payday loans in Erath, Louisiana?

Payday loans in Erath, Louisiana are short-term loans that are intended to cover unexpected expenses or to help with a temporary financial shortfall. These loans are typically for small amounts, and they must be repaid on the borrower's next payday.