Payday Loans in Georgetown, Louisiana

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

Company nameAddressZip codePhone number
World Finance Corporation 105 E Louisiana Ave, Vivian, LA 71082 +1 (318) 375 - 2372
Advantage Financial Services - Gonzales 122 S Airline Hwy, Gonzales, LA 70737 +1 (225) 647 - 6303
Acadiana Acceptance 107 S Lake Arthur Ave, Jennings, LA 70546 +1 (337) 616 - 8279
Community Bank of Louisiana 118 Jefferson St, Mansfield, LA 71052 +1 (318) 872 - 3831
American Cash Advance 1418 Airline Dr, Bossier City, LA 71112 +1 (318) 584 - 7284
Check Into Cash 725 Odd Fellows Rd b, Crowley, LA 70526 +1 (337) 785 - 0812
Ferriday Finance Co Inc 215 Mickey Gilley Ave, Ferriday, LA 71334 +1 (318) 757 - 2354
Cash 2 U 806 The Blvd, Rayne, LA 70578 +1 (337) 334 - 0307
Cash Tyme 3545 NW Evangeline Throughway, Carencro, LA 70520 +1 (337) 896 - 6090
Bayou Loans & Business Services 188 Cottonport Ave, Cottonport, LA 71327 +1 (318) 876 - 2495

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Georgetown, LA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Monroe, LA, Payday Loans in New Iberia, LA, 24-Hour Loan in New Orleans, LA, Short-term Loans in Prairieville, LA, 24-Hour Loan in Shreveport, LA, Payday Loans in Baton Rouge, LA, Payday Loans in Bossier City, LA and Payday 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 Georgetown, LA.

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

71432

Are Payday Loans Legal In Georgetown, 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

Georgetown, LA payday loan calculator

Understanding Payday Loans in Georgetown, Louisiana

Payday loans are a popular type of short-term loans that many residents in Georgetown, Louisiana turn to when they need immediate cash to deal with unexpected expenses or emergencies. A payday loan is typically a small amount of cash that is lent to the borrower and is usually expected to be repaid in full on their next payday.

While payday loans fill a gap in emergency financial situations, it is important to understand that they come at a cost. In Louisiana, there are laws in place to protect borrowers from predatory lenders, but it’s still important to be aware of the risks and possible negative consequences of payday loans in Georgetown, Louisiana.

How do Payday Loans Work in Georgetown, Louisiana?

Payday loans are legal in Louisiana, and residents can access them from a licensed payday lender or online provider. Before a loan is approved, the borrower must provide proof of income and identification. Once approved, the borrower signs a loan contract agreeing to the interest rate and any fees associated with the loan.

The loan amount typically ranges from $100 to $500, with a term of 14 days to one month. The borrower must repay the full amount plus interest and fees on their next payday.

If the borrower is unable to pay the full amount on the due date, they have the option to roll over the loan, but this comes with additional fees and interest. This can quickly lead to a cycle of debt that can be difficult to break out of.

What are the Laws Governing Payday Loans in Georgetown, Louisiana?

Payday loans are regulated in Louisiana to protect borrowers from predatory lending practices. The state law limits the amount of the loan to $350 and the loan term to 60 days. The interest rate can be up to 16.75% of the loan amount and the lender can charge a maximum of $20 for processing fees.

In addition, lenders are required to provide borrowers with a contract that clearly outlines the interest rate, fees, and repayment terms. This contract should also include information on the borrower’s rights and responsibilities.

The Risks of Payday Loans in Georgetown, Louisiana

While payday loans can help in emergency situations, they come at a high cost. The high-interest rates and fees associated with payday loans can lead to a cycle of debt that can be difficult to break out of. Borrowers who cannot repay the loan on time may be forced to take out another loan to cover the fees and interest, leading to a vicious cycle of debt.

It is important to fully understand the terms and fees associated with a payday loan before taking out one. If you find yourself in a situation where you can’t repay the loan, it is important to reach out to the lender to discuss a repayment plan rather than rolling over the loan and accruing additional fees and interest.

Interesting Facts and Statistics about Payday Loans in Georgetown, Louisiana

  • There are currently over 800 licensed payday lenders in Louisiana
  • The average loan amount for a payday loan in Louisiana is $350
  • Louisiana residents take out an average of 4-5 payday loans per year
  • Payday loans account for approximately $145 million in fees and interest annually in Louisiana
  • The average interest rate for a payday loan in Louisiana is 391%

Apply Now

Do you need immediate cash to deal with an unexpected expense and live in Georgetown, Louisiana? TheGuaranteedLoans can connect you with potential lenders who can provide you with a payday loan. Our easy online application form is quick and safe to use. Please note that TheGuaranteedLoans is a connector service, not a direct lender. We are here to facilitate your connection with potential lenders, and our services are completely free to use.

Apply today, and we will do our best to help you find the financial assistance you need.

F.A.Q.

Can I be charged with fraud for taking out a payday loan in Georgetown, Louisiana?

No, you cannot be charged with fraud for taking out a payday loan in Georgetown, Louisiana. However, it is important to provide accurate and truthful information on your loan application to avoid any potential legal issues.

Can I extend or renew my payday loan in Georgetown, Louisiana?

in Georgetown, Louisiana, you are not allowed to renew or extend a payday loan. If you are unable to pay off the loan on the agreed upon date, the lender may allow you to roll the loan over into a new loan with additional fees and interest.