Payday Loans in Saint Bernard, Louisiana

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

Company nameAddressZip codePhone number
Check Into Cash 100 Cumberland St, Bogalusa, LA 70427 +1 (985) 735 - 5153
Kim's Cash LLC 117 S Benedette St, Rayville, LA 71269 +1 (318) 728 - 7289
Money Mart 1312 Edith St, Opelousas, LA 70570 +1 (337) 407 - 2274
Security Finance 1012B 8th St, Morgan City, LA 70380 +1 (985) 384 - 5533
Southwest Loan Co of Jennings 418 W Plaquemine St, Jennings, LA 70546 +1 (337) 824 - 0384
Security Finance Corporation 703 Mahlon St, DeRidder, LA 70634 +1 (337) 463 - 4183
1st Franklin Financial 3103 Cypress St Suite 7, West Monroe, LA 71291 +1 (318) 361 - 5701
Easy Money EMG 2323 Louisville Ave, Monroe, LA 71201 +1 (318) 325 - 3500
Paycheck Loans 12484 Lake Charles Hwy, Leesville, LA 71446 +1 (337) 238 - 4387
Tower Loan 504 Olinde St, New Roads, LA 70760 +1 (225) 638 - 3055

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Saint Bernard, LA, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Bossier City, LA, Bad Credit Loans in Houma, LA, Online Loans in Kenner, LA, Payday Loans in Lafayette, LA, Online Loans in Lake Charles, LA, Payday Loans in Marrero, LA, 24-Hour Loan in Metairie, LA and Payday Loans in Monroe, 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 Saint Bernard, LA.

Beautiful sights of Saint Bernard, LA

Are Payday Loans Legal In Saint Bernard, 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

Saint Bernard, LA payday loan calculator

Understanding Payday Loans in Saint Bernard, Louisiana: Your Ultimate Guide

Payday loans have become a popular way for people to access quick cash when they find themselves in a financial pinch. While payday loans are legal in Louisiana, it’s important to understand the regulations and risks associated with them.

What are Payday Loans?

Payday loans are short-term loans that usually range from $100 to $500. They are designed to be repaid on the borrower’s next payday, usually within 14 days. Payday loans are often used to cover unexpected expenses such as car repairs, medical bills, or household emergencies.

The application process for payday loans is typically quick and easy, requiring minimal documentation and credit checks. Borrowers are required to provide proof of income, ID, and proof of residency in order to qualify for a payday loan.

Regulations and Restrictions in Louisiana

While payday loans are legal in Louisiana, there are regulations in place to protect borrowers from falling into debt traps. The state has a cap on the amount of interest and fees that payday lenders can charge. Lenders can charge a maximum interest rate of 16.75%, and a loan origination fee of $20 or 16.75% of the loan amount, whichever is less.

Additionally, Louisiana law prohibits lenders from rolling over loans, which means borrowers cannot take out another loan to pay off their existing loan. Borrowers must pay off their payday loan in full before taking out another loan.

The Risks of Payday Loans

While payday loans can provide quick relief, they are not without risks. The high-interest rates and fees associated with payday loans can make it difficult for borrowers to repay the loan on time, potentially leading to a cycle of debt.

In addition, payday lenders may engage in predatory lending practices, such as loan flipping, where they encourage borrowers to take out multiple loans to pay off existing loans, or charging high fees for late payments or insufficient funds. These practices can leave borrowers in a worse financial situation than they were before taking out the loan.

Interesting Facts and Statistics

  • According to a report by the Louisiana Budget Project, Louisiana residents paid over $145 million in fees on payday loans in 2019.
  • In Louisiana, the average payday loan is $327, with an average term of 14 days.
  • According to a report by the Consumer Financial Protection Bureau, over 80% of payday loans in the U.S. are rolled over or renewed within two weeks, leading to a cycle of debt for many borrowers.

Applying for a Payday Loan in Saint Bernard, Louisiana

If you’re considering applying for a payday loan in Saint Bernard, Louisiana, it’s important to understand the risks and regulations associated with these loans. At TheGuaranteedLoans, we can help connect you with potential lenders who can offer payday loans in Saint Bernard.

It’s important to remember that we are a connector service, not a direct lender. We do not make credit decisions or determine loan terms. Our goal is to facilitate your connection with potential lenders who can provide the loan terms that best fit your financial needs. Apply now to get started.

F.A.Q.

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

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

Can I be charged with a crime for not paying back a payday loan in Saint Bernard, Louisiana?

No, you cannot be charged with a crime for not paying back a payday loan in Saint Bernard, Louisiana. However, the lender may take legal action to collect the debt if you default on the loan.