Payday Loans in Spearsville, Louisiana

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

Company nameAddressZip codePhone number
MoneyGram 1418 Main St, Jeanerette, LA 70544 +1 (337) 276 - 7009
Progressive Loan Services 2175 Lapalco Blvd A, Harvey, LA 70058 +1 (504) 363 - 1465
Money Mart 5445 Airline Hwy, Baton Rouge, LA 70805 +1 (225) 358 - 0955
Western Union National Loan Co Of Jena Inc, 1441 W Elm St, Jena, LA 71342 +1 (318) 992 - 5000
Magee Financial 2225 US-190, Covington, LA 70433 +1 (985) 893 - 1600
Carter Federal Credit Union Routing 133 S Main St, Springhill, LA 71075 +1 (318) 539 - 4655
Arcadia Loans 2428 2nd St B, Arcadia, LA 71001 +1 (318) 263 - 9667
Finance America of Louisiana 1948 W Main St, Lutcher, LA 70071 +1 (225) 869 - 0539
First Federal Bank of Louisiana 1000 Center St, Vinton, LA 70668 +1 (337) 589 - 3000
Vacherie Loans inc 2756 LA-20, Vacherie, LA 70090 +1 (225) 265 - 4441

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Spearsville, LA, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Prairieville, LA, Payday Loans in Shreveport, LA, Payday Loans in Baton Rouge, LA, Payday Loans in Bossier City, LA, Payday Loan Without a Credit Check in Houma, LA, Payday Loans in Kenner, LA, Guaranteed 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 Spearsville, LA.

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

71277

Are Payday Loans Legal In Spearsville, 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

Spearsville, LA payday loan calculator

Payday loans are a popular financing option for many people in Spearsville, Louisiana. These short-term loans are meant to help people in need of cash before their next paycheck is due. Despite their convenience, many people are still unsure about how payday loans work and whether or not they are right for them.

What are Payday Loans?

In Louisiana, payday loans are legal and are a type of short-term loan that typically ranges from $100 to $500. The loan amount is based on the borrower’s income and ability to repay the loan. Payday loans are meant to be repaid in full on the borrower’s next payday, usually within two weeks to a month’s time.

Payday loans are meant to help people with urgent or unexpected expenses, such as car repairs, medical bills, or emergency home repairs. These loans are not meant to be used for long-term financing, such as paying off credit card debt or funding a vacation.

How do Payday Loans Work in Louisiana?

In Louisiana, payday lenders are regulated under the Louisiana Deferred Presentment and Small Loan Act. This law requires lenders to obtain a license and adhere to strict regulations regarding interest rates, fees, and loan terms.

The maximum loan amount in Louisiana is $350, and lenders are not allowed to charge more than 16.75% of the loan amount in interest and fees. Borrowers are allowed to take out only one payday loan at a time, and lenders are required to keep detailed records of all transactions.

When a borrower takes out a payday loan, they must provide proof of income and identification. The lender will then issue a check or transfer the funds directly into the borrower’s bank account. The borrower is required to repay the loan in full on their next payday, at which time the lender will cash the check or withdraw the funds from the borrower’s bank account.

Should You Apply for a Payday Loan in Spearsville, Louisiana?

Payday loans can be a useful tool for people who need quick cash for unexpected expenses. However, it’s important to consider the high interest rates and fees associated with these loans.

Before applying for a payday loan, consider other options such as borrowing from friends or family, selling unwanted items, or seeking assistance from a nonprofit organization or government agency. If you do decide to take out a payday loan, make sure you can afford to repay it in full on your next payday to avoid additional fees and interest charges.

Interesting Facts and Statistics

  • According to the Louisiana Department of Financial Institutions, there are 973 licensed payday lenders in Louisiana as of December 2020.
  • In Louisiana, the average payday loan amount is $321.
  • As of 2019, the payday lending industry employs over 9,000 people in Louisiana.
  • The average annual percentage rate (APR) for a payday loan in Louisiana is 391%.

Apply Now

If you are considering a payday loan in Spearsville, Louisiana, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application to get started. Please note that TheGuaranteedLoans is a connector service and not a direct lender. Our role is to facilitate your connection with potential lenders who can meet your needs.

Remember to only apply for a payday loan if you truly need it and can afford to repay it in full on your next payday. Always read the loan agreement carefully and ask the lender any questions you may have before accepting the loan.

F.A.Q.

Are payday loans legal in Spearsville, Louisiana?

Yes, payday loans are legal in Spearsville, Louisiana. However, the state has strict regulations in place to protect borrowers and ensure that lenders are operating in a fair and transparent manner.

What are the maximum loan amounts and fees for payday loans in Spearsville, Louisiana?

in Spearsville, Louisiana, the maximum loan amount for a payday loan is $350, and the maximum fee that a lender can charge is $20 per $100 borrowed. This means that the maximum annual percentage rate (APR) for a payday loan in Spearsville, Louisiana is 390%.