Fast Cash Loans Online in Louisiana


Unfortunately, emergencies do not knock at our door and they seem to be experts to come along at the right moment when we are out of cash. However, quick loans are the best way to tackle those unexpected financial obstacles that come our way and therefore, if you need money before your payday, you can go to apply for payday advance loan to finance those expenses that suddenly are necessary to pay for and that cannot wait until your following payday.


Finding a Payday Loan Company


Fast cash loans Louisiana lending services are closer than you think. Simply perform an online search and you will find a large number of payday advance lenders that are ready to attend your money demand. Quick loans are short terms loans that allow people to borrow small amounts of money to cope with emergencies or unexpected expenses that may emerge at any time. However, there are specific regulations when it comes to applying for payday loans in the state of Louisiana.


Limitations on Quick Loans


Law in the state of Louisiana requires a license for cash advance lenders and lending companies. Quick loans are titled by Louisiana Deferred Presentment and Small Loan Act, which imposes limitations to lenders in order to prevent excessive finance fees. Payday advance lenders are allowed to charge a fee for cash advance loans unpaid by the due date, which is 36% upon the loan remaining amount.


What Borrowers Need to Know


In Louisiana the maximum loan amount that you can borrow is $350, and although the number of standing loans that you can have at a time is not specified, fast cash loans Louisiana regulations do not allow any rollover or extension. Loan terms vary from lender to lender, but in any case must exceed a maximum of 30 days. When it comes to finance fees, the amount that lenders charge cannot exceed 16.75% over the total amount borrowed.


Even though, Louisiana law allow borrowers to apply for a new payday advance loan once that they have paid off 25% of the original loan amount, adding applicable fee charges and interest rates. Remember that all fees and charges must be explicitly included in an agreement with the lender. At a time, lenders cannot pursue criminal action against you for overdue loans, as long as you pay at least $50 for the overdue loan.


Applying for a Payday Advance Loan


Fast cash loans Louisiana services are meant to provide you with the money you need to pay for unexpected expenses that arise before your payday, so there is no tedious application process involved to borrow money. In addition, there is no further requirement than being able to pay off your debt by your next payday or the day stipulated in your payday advance agreement with the lender. Quick loans do not require that your credit history be in good standing and you do not need to prove a minimum income amount to apply for a payday loan as soon as you need money.