Payday Loans in Rougon, Louisiana

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

Company nameAddressZip codePhone number
Citizens Finance Services Discount 1001 Main St, Baton Rouge, LA 70802 +1 (225) 344 - 5255
American Cash Advance 936 Washington St, Franklinton, LA 70438 +1 (985) 839 - 3722
Finance America Payday Loans 250 Keyser Ave, Natchitoches, LA 71457 +1 (318) 352 - 1855
St. James Credit, LLC 101 N Millet Ave, Gramercy, LA 70052 +1 (225) 869 - 4300
Paycheck Loans of Alexandria 744 MacArthur Dr suite d, Alexandria, LA 71303 +1 (318) 473 - 4200
Check Point 3306 LA-28, Pineville, LA 71360 +1 (318) 443 - 3809
Security Finance 131 Del Norte Ave, Denham Springs, LA 70726 +1 (225) 791 - 3036
All-State Credit Plan, LLC 1273 Bellview St, Morgan City, LA 70380 +1 (985) 395 - 9559
First National Bank 2502 Main St, Jeanerette, LA 70544 +1 (337) 276 - 3692
Westside Credit Corporation 1619 Williams Blvd, Kenner, LA 70062 +1 (504) 469 - 8300

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rougon, 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, Payday Loans in New Orleans, LA, Payday Loans in Prairieville, LA, Payday Loans in Shreveport, LA, Short-term Loans in Baton Rouge, LA, Same Day 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 Rougon, LA.

Are Payday Loans Legal In Rougon, 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

Rougon, LA payday loan calculator

Understanding Payday Loans in Rougon, Louisiana

Payday loans are a type of short-term loan that are typically used to cover unexpected expenses. They are designed to be repaid on the borrower’s next payday, hence the name. In Rougon, Louisiana, payday loans are legal. However, it is important to understand the terms and conditions before applying for a payday loan.

How Payday Loans Work in Rougon, Louisiana

In Rougon, Louisiana, payday lenders are allowed to charge a fee of up to 16.75% of the loan amount, which can result in a higher effective annual percentage rate (APR) than traditional loans. For example, a $100 payday loan with a 16.75% fee would have an APR of 391%. Borrowers must also provide a post-dated check or electronic access to their bank account as collateral for the loan.

Payday loans are typically due on the borrower’s next payday, which is usually within two to four weeks. If the borrower does not have the funds to repay the loan, they may be charged additional fees and interest, which can quickly add up and make it difficult to repay the loan.

Requirements for Payday Loans in Rougon, Louisiana

In order to qualify for a payday loan in Rougon, Louisiana, borrowers must be at least 18 years old and have a steady source of income. They must also provide proof of identification, such as a driver’s license or state ID, and proof of income, such as a pay stub or bank statement.

The Benefits and Risks of Payday Loans in Rougon, Louisiana

One of the biggest benefits of payday loans is their accessibility. They are relatively easy to obtain and can be a quick solution to unexpected expenses. However, they also come with significant risks. Due to their high fees and interest rates, payday loans can trap borrowers in a cycle of debt. Borrowers who are unable to repay the loan on time may be charged additional fees and interest, which can lead to a cycle of borrowing and debt.

It is important to carefully consider the risks and benefits before applying for a payday loan in Rougon, Louisiana. Borrowers should only take out a payday loan if they are confident that they can repay it on time and in full.

Interesting Facts and Statistics About Payday Loans in Rougon, Louisiana

  • In Louisiana, the average payday loan borrower takes out 8 loans per year.
  • Approximately 80% of payday loans are rolled over or renewed within two weeks.
  • Payday lenders in Louisiana charge an average fee of $55 on a $375 loan.
  • In Louisiana, the total amount of payday loans issued in 2019 was $291.1 million.

Apply Now for a Payday Loan in Rougon, Louisiana

If you are in need of a payday loan in Rougon, Louisiana, TheGuaranteedLoans can help. We are a connector service that can connect you with potential lenders who can provide the short-term loan you need. Our online application process is quick and easy, and we work with a network of trusted lenders who are committed to ensuring your financial well-being. Please note that we are not a direct lender and cannot guarantee approval, but we will work hard to find the best loan option for your needs. Apply now and get the funds you need to cover unexpected expenses.

F.A.Q.

Are payday loans available to borrowers with bad credit in Rougon, Louisiana?

Yes, payday loans are typically available to borrowers with bad credit in Rougon, Louisiana. However, some lenders may have stricter eligibility requirements based on their own policies.

Can I apply for a payday loan online in Rougon, Louisiana?

Yes, many payday lenders in Rougon, Louisiana offer online application and approval processes, allowing borrowers to apply and receive their funds quickly and conveniently.