Payday Loans in Ethel, Louisiana

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

Company nameAddressZip codePhone number
Tower Loan 115 S Benedette St, Rayville, LA 71269 +1 (318) 728 - 3068
Resource Financial Services Inc 2128 Sgt Alfred St, Slidell, LA 70458 +1 (985) 645 - 0037
Hancock Whitney Bank 12054 Texas Hwy, Many, LA 71449 +1 (800) 448 - 8812
Southern AG Credit ACA 300 E Franklin St, Farmerville, LA 71241 +1 (318) 368 - 9043
Glass House Pay Day Loans 210 Hospital Rd, Oak Grove, LA 71263 +1 (318) 428 - 2222
Easy Money EMG 4401 C Government Street, Baton Rouge, LA 70806 +1 (225) 928 - 9112
Courtesy Loans 1005 N Trenton St, Ruston, LA 71270 +1 (318) 251 - 8302
Capital South Lending 5423 Galeria Dr, Baton Rouge, LA 70816 +1 (844) 228 - 2491
City Bank & Trust Co 3180 US-71, Campti, LA 71411 +1 (318) 476 - 3723
Speedy Cash 585 S Morrison Blvd, Hammond, LA 70403 +1 (985) 345 - 3761

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ethel, LA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Baton Rouge, LA, No Credit Check Loans in Bossier City, LA, No Credit Check Loans in Houma, LA, Payday Loans in Kenner, LA, Payday Loans in Lafayette, LA, No Credit Check Loans in Lake Charles, LA, Payday Loans in Marrero, LA and No Credit Check Loans in Metairie, 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 Ethel, LA.

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

70730

Are Payday Loans Legal In Ethel, 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

Ethel, LA payday loan calculator

Payday Loans in Ethel, Louisiana

When you’re in a financial bind, finding quick and easy access to cash can be a lifesaver. For those living in Ethel, Louisiana, payday loans are a legitimate and regulated option to bridge the gap between paychecks or unexpected expenses. In this article, we’ll delve into all the details you need to know about payday loans in Ethel, Louisiana.

What are Payday Loans?

Payday loans are short-term loans designed to help individuals cover unexpected expenses. They are typically for amounts between $100 and $1,000 and are meant to be repaid on the borrower’s next paycheck. While payday loans are a convenient way to get extra cash, they often come with high-interest rates and fees that can make them difficult to manage.

Legal Status of Payday Loans in Ethel, Louisiana

Payday loans are legal in Louisiana, including Ethel. The Louisiana Deferred Presentment and Small Loans Act governs payday lending in the state. This law regulates the terms and conditions of loans, including the maximum amount a borrower can borrow, the maximum fees and interest rates lenders can charge, and the maximum loan term. According to the Act, lenders can charge a maximum fee of 16.75% of the loan amount and an annual percentage rate (APR) of up to 391%.

How to Get a Payday Loan in Ethel, Louisiana

To be eligible for a payday loan in Ethel, Louisiana, you must be at least 18 years old, have a regular source of income, and have an active checking account. You will need to provide proof of income and residency, along with a post-dated check or authorization for an electronic debit for the loan amount plus fees and interest.

Before you take out a payday loan, it’s important to carefully read the loan agreement and understand the terms and conditions. Be aware of the fees and interest rates you will be charged and make sure you can repay the loan on time to avoid additional fees and negative consequences to your credit score.

The Pros and Cons of Payday Loans

Like any financial product, payday loans have both advantages and disadvantages. Some benefits of payday loans include:

  • Quick access to cash
  • No credit check required
  • Easy to qualify for

However, there are also some downsides to payday loans, including:

  • High fees and interest rates
  • Short repayment period
  • Can lead to a cycle of debt

Ultimately, the decision to take out a payday loan depends on your individual financial situation. If you have no other options for accessing cash and can repay the loan on time, a payday loan may be a viable solution. However, if you are already struggling with debt, a payday loan can exacerbate your problems and lead to a cycle of borrowing and repayment.

Interesting Facts and Statistics about Payday Loans in Ethel, Louisiana

  • According to the Louisiana Office of Financial Institutions, there were over 150,000 payday loans made to Louisiana consumers in 2019.
  • The average APR for payday loans in Louisiana is 391%, which is higher than the national average of 400%.
  • The majority of payday loan borrowers in Louisiana are low-income individuals who are unable to access traditional bank loans.

Apply Now!

If you’re in need of a payday loan in Ethel, Louisiana, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application form and we’ll match you with a lender who can provide the cash you need. Remember, we are a connector service and not a direct lender.

Don’t let unexpected expenses derail your financial stability. Apply for a payday loan today with TheGuaranteedLoans and get the cash you need to stay on top of your finances.

F.A.Q.

What rights do I have as a payday loan borrower in Ethel, Louisiana?

As a payday loan borrower in Ethel, Louisiana, you have the right to a clear and concise loan agreement that specifies the terms of the loan, including the APR, fees, and repayment schedule. You also have the right to receive written notice at least three days before the loan is due, and you have the right to cancel the loan without penalty within 24 hours of receiving the notice.

Are there any alternatives to payday loans in Ethel, Louisiana?

Yes, there are several alternatives to payday loans in Ethel, Louisiana. For example, you may be able to borrow money from a friend or family member, or you may be able to use a credit card or personal loan from a bank or credit union. Additionally, some employers offer short-term, low-interest loans to employees, and there are also nonprofit organizations that offer financial assistance to those in need. It's important to explore all of your options before taking out a payday loan.