Payday Loans in Fenton, Louisiana

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

Company nameAddressZip codePhone number
Advance America 113 Lapalco Blvd Suite 108, Gretna, LA 70056 +1 (504) 398 - 7309
Wells Fargo Home Mortgage 7043 Hwy 190 Service Rd, Covington, LA 70433 +1 (985) 893 - 9033
Fidelity Finance Inc 5041 LA-19, Zachary, LA 70791 +1 (225) 654 - 8001
Check Into Cash 7016 Veterans Memorial Blvd, Metairie, LA 70003 +1 (504) 455 - 8880
Advance America 1200 Business Hwy. 190, Ste. 4, Covington, LA 70433 +1 (985) 893 - 4892
Nomey's Pawn & Gun Shop 418 Allen Ave, Jonesboro, LA 71251 +1 (318) 259 - 2451
Advantage Financial Services - Thibodaux 309 N Canal Blvd, Thibodaux, LA 70301 +1 (985) 446 - 4882
Advance America 5647 Main St b, Zachary, LA 70791 +1 (225) 654 - 2510
G-Money Pay Day Loan 1136 Franklin St, Gretna, LA 70053 +1 (504) 361 - 1185
1st Franklin Financial 3024 W Oak St, Jena, LA 71342 +1 (318) 992 - 6267

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Fenton, LA

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

70640

Are Payday Loans Legal In Fenton, 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

Fenton, LA payday loan calculator

Payday Loans in Fenton, Louisiana

Life can be unpredictable, and at times, it throws curveballs that can leave us strapped for cash. When life’s unexpected expenses come knocking, a payday loan can be a helpful option to help make ends meet. In Fenton, Louisiana, payday loans are legal, but before applying for one, it’s important to understand the ins and outs of this type of loan.

What is a Payday Loan?

A payday loan is a small short-term loan that is typically taken out to tide someone over until their next paycheck. These loans typically have a repayment term of 14-30 days and are designed to provide emergency cash when needed. Payday loans are intended for short-term financial needs, and they should not be used as a long-term financial solution.

How Do Payday Loans Work in Fenton, Louisiana?

In Fenton, Louisiana, payday loans are regulated by Louisiana Revised Statutes 9:3578.1 et seq. These regulations mandate that the maximum amount of a payday loan cannot exceed $350, and the maximum term of the loan cannot exceed 60 days. Lenders are also required to charge a non-refundable origination fee of $5 per $100 borrowed.

When applying for a payday loan in Fenton, Louisiana, borrowers must provide proof of income and ID. Lenders also require a post-dated check or authorization to withdraw the funds electronically on the due date. The lender will then provide the borrower with cash or deposit the loan into their bank account if the loan application is approved.

Pros and Cons of Payday Loans

Pros

  • Quick access to funds
  • No credit checks
  • Flexible eligibility criteria

Cons

  • High-interest rates and fees
  • Short repayment terms
  • Risk of falling into debt traps

It’s important to weigh the pros and cons of payday loans before deciding to apply for one. While this type of loan can provide a much-needed lifeline in an emergency, the high-interest rates and short repayment terms can quickly spiral into a debt trap. Make sure to carefully consider your financial situation before applying for a payday loan and only take out what you can afford to repay.

Interesting Facts and Statistics about Payday Loans in Fenton, Louisiana

  • The average payday loan in Fenton, Louisiana is $210.
  • Approximately 10% of Fenton, Louisiana residents have taken out a payday loan.
  • According to the Louisiana Department of Insurance, Louisiana payday loan borrowers pay over $35 million in fees each year.

Apply Now

If you are considering a payday loan in Fenton, Louisiana, TheGuaranteedLoans can help connect you with potential lenders. Our website is a connector service, not a direct lender, and we can facilitate your connection with lenders who are willing to lend in Fenton. Click here to start your application now!

Remember, payday loans should only be used for short-term financial needs, and the amount you borrow should be within your means to repay. If you are struggling with your finances, consider speaking with a financial advisor or seeking credit counseling.

F.A.Q.

Are payday loans secured or unsecured in Fenton, Louisiana?

Payday loans in Fenton, Louisiana are typically unsecured, meaning they do not require collateral to be put up in order to obtain the loan.

Can a payday lender garnish my wages in Fenton, Louisiana if I default on my loan?

No, payday lenders are not allowed to garnish wages in Fenton, Louisiana. However, they may be able to file a civil suit against you to collect the debt if you default on your loan.