Payday Loans in Reeves, Louisiana

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

Company nameAddressZip codePhone number
World Finance Corporation 1033 N Pine St, DeRidder, LA 70634 +1 (337) 463 - 9181
Express Check Advance 920 E Laurel Ave, Eunice, LA 70535 +1 (337) 550 - 7225
Payday Loans of Kinder 109 1st Ave #2, Kinder, LA 70648 +1 (337) 738 - 6070
Cash Cow 1950 Manhattan Blvd #113, Harvey, LA 70058 +1 (504) 362 - 2408
Gulfco Credit Corporation 714 Main St, Franklin, LA 70538 +1 (337) 828 - 7707
Cash Cow 10440 Florida Blvd, Baton Rouge, LA 70815 +1 (225) 272 - 3899
Reliable Financial Services 404 Prairie St, Winnsboro, LA 71295 +1 (318) 435 - 0004
Citizens Bank & Trust 110 LA-1, Oil City, LA 71061 +1 (318) 995 - 6000
Tower Loan 2570 Florida Ave SW f, Denham Springs, LA 70726 +1 (225) 271 - 3900
Thomas Loans Inc 203 6th St, Jonesboro, LA 71251 +1 (318) 259 - 6600

Payday Loan Companies in Nearby Cities

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

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

70658

Are Payday Loans Legal In Reeves, 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

Reeves, LA payday loan calculator

Payday Loans in Reeves, Louisiana: Everything You Need to Know

Payday loans can be a financial lifeline for those who need quick cash to cover unexpected expenses or bridge a gap between paychecks. While Louisiana law allows for payday lending, regulations are in place to protect consumers, including maximum loan amounts and fees. Here is everything you need to know about payday loans in Reeves, Louisiana.

How do payday loans work?

Payday loans are short-term loans typically due on the borrower’s next payday. The borrower writes a post-dated check to the lender for the loan amount plus fees, or authorizes the lender to withdraw the funds from their bank account on the due date. The borrower is usually required to provide proof of income and a valid state-issued ID, and must be at least 18 years old.

What are the regulations for payday loans in Louisiana?

Payday loans are legal in Louisiana, but there are regulations in place to protect consumers. The maximum loan amount is $350, and lenders may not charge more than $20 in fees for every $100 borrowed. Borrowers are allowed to rollover or renew a loan once, but must pay off the original loan plus fees before doing so. The loan term cannot exceed 60 days, and lenders are required to provide borrowers with a written agreement disclosing all fees and terms.

Who can get a payday loan in Reeves, Louisiana?

To qualify for a payday loan in Reeves, Louisiana, borrowers must be at least 18 years old, have a valid state-issued ID, and provide proof of income. Some lenders may require a checking account as well. However, it’s important to note that payday loans should be used as a last resort and not as a long-term financial solution.

What are the benefits of payday loans?

One of the benefits of payday loans is that they can be obtained quickly and without a lot of paperwork. Borrowers can typically receive funds within a day or two of applying. Additionally, payday loans can be used for a variety of expenses, such as car repairs, medical bills, or utility bills. However, it’s important to carefully consider the fees and interest rates associated with payday loans before taking one out.

What are the risks of payday loans?

While payday loans can be a helpful financial tool, they can also present risks to borrowers. Due to their short-term nature and high fees, payday loans can lead to a cycle of debt if borrowers are unable to repay the loan on time. Additionally, lenders may use aggressive collection practices and may charge additional fees for missed payments or late payments.

Interesting Facts and Statistics about Payday Loans in Reeves, Louisiana

  • According to the Louisiana Office of Financial Institutions, there were over 300,000 payday loans issued in Louisiana in 2020.
  • The average payday loan amount in Louisiana is $350.
  • The average APR for payday loans in Louisiana is over 400%.

Apply Now

If you need a payday loan in Reeves, Louisiana, TheGuaranteedLoans can help connect you with potential lenders. Our simple online application process takes just a few minutes to complete. Remember, TheGuaranteedLoans is not a direct lender and does not make credit decisions. Our service is designed to connect you with potential lenders who can meet your borrowing needs.

Don’t let unexpected expenses get you down. Apply for a payday loan today and get the cash you need to cover your expenses.

F.A.Q.

Can a payday lender require me to provide collateral for my loan in Reeves, Louisiana?

No, payday lenders are not allowed to require collateral for loans in Reeves, Louisiana. This means that borrowers do not have to put up any personal property or assets as security for their loans.

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

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