Payday Loans in Pioneer, Louisiana

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

Company nameAddressZip codePhone number
Sabine State Bank and Trust Company 401 E 5th Ave, Oakdale, LA 71463 +1 (318) 335 - 3577
Easy Money EMG 6824 Veterans Memorial Blvd, Metairie, LA 70003 +1 (504) 456 - 6625
Dr.Check 2917 Old Minden Rd STE B, Bossier City, LA 71112 +1 (318) 746 - 1500
Southland Finance Co 1105 7th St, Morgan City, LA 70380 +1 (985) 385 - 2001
Cash Cow 122 N Morrison Blvd, Hammond, LA 70401 +1 (985) 419 - 9735
Bayou Loans & Business Services 188 Cottonport Ave, Cottonport, LA 71327 +1 (318) 876 - 2495
Walmart Money Center 833 Sterlington Hwy, Farmerville, LA 71241 +1 (318) 368 - 2535
Express Check Advance 431 E Pont Des Mouton Rd b, Lafayette, LA 70507 +1 (337) 234 - 6916
RJD Contractors 1 33490 Sylve Rd, Slidell, LA 70460 +1 (985) 643 - 8926
Tower Loan 842 N Collins Blvd l, Covington, LA 70433 +1 (985) 893 - 9388

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Pioneer, LA

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

71266

Are Payday Loans Legal In Pioneer, 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

Pioneer, LA payday loan calculator

Understanding Payday Loans in Pioneer, Louisiana

Payday loans, also known as cash advances, are short-term loans that come with very high-interest rates. These loans are mainly used by individuals who need quick cash and do not qualify for traditional loans due to bad credit scores, lack of credit history, or other financial circumstances. While payday loans are legal in Louisiana, they can have serious consequences if not used responsibly.

How do Payday Loans Work?

Payday loans are usually obtained through physical storefronts or online lenders. To qualify for a payday loan, an individual must have a verifiable source of income, a bank account, and a valid ID. The borrower then writes a postdated check or authorizes an electronic withdrawal that includes the full amount borrowed plus fees and interest charges. The loan amount is usually due on the borrower’s next payday unless other arrangements are made with the lender.

Payday Loans in Pioneer, Louisiana

Residents of Pioneer, Louisiana have access to payday loans through various storefronts and online lenders. Louisiana state law allows payday loans up to $350 with a maximum term of 60 days. Lenders in Louisiana charge over 400% APR on average, making these loans extremely expensive.

It is essential to understand the conditions of the loan before agreeing to any terms. Borrowers must repay the full amount borrowed plus fees and interest charges regardless of their financial situation when the loan matures. If the loan becomes past due, borrowers may incur additional fees and interest or can even face legal action by the lender.

Other Options

Payday loans should be considered last resort options for emergencies only. It is crucial to exhaust all other options before taking out a payday loan. Some alternatives include credit cards, personal loans, borrowing from friends or family, and negotiating payment plans with creditors.

If you find yourself struggling with debt, consider seeking help from a professional credit counselor. Credit counselors can offer debt management plans and provide financial education and guidance.

Interesting Facts and Statistics about Payday Loans in Pioneer, Louisiana

  • Over 87,000 payday loans are issued in Louisiana each month.
  • The average borrower in Louisiana takes out eight payday loans per year.
  • In 2019, payday lenders in Louisiana charged an average APR of 429.67%.
  • More than 80% of payday loan borrowers in Louisiana rollover their loans, incurring additional fees and interest.

Apply Now

If you need quick cash and have exhausted all other options, you can fill out an online application on TheGuaranteedLoans website. Remember, we are not a direct lender, but a connector service that aims to facilitate connections between borrowers and potential lenders.

By filling out an application on our website, you allow us to send your information to multiple lenders and find the best loan option for you. The entire process is fast, secure, and straightforward.

Apply now and get the cash you need today!

F.A.Q.

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

Yes, there are other options available to borrowers in need of short-term financial assistance in Pioneer, Louisiana. These may include small personal loans from banks or credit unions, credit card advances, or borrowing from friends or family members. It is important to research and compare different options before deciding on the best option for your situation.

Is it legal to take out a payday loan in Pioneer, Louisiana?

Yes, payday lending is legal in Pioneer, Louisiana, as long as lenders follow the state's regulations and guidelines.