What should I know about payday loans?
An average payday loan is a short-term solution to your temporary financial problems. This instrument can be accessed quickly with the minimum of efforts, while the amounts of payday loans typically not exceed $1,000 (however, the state of Louisiana caps the upper amount at $350 per loan). The APR varies from 300% to 1800%, which again outlines the short-term nature of such loans.
What are the repayment terms?
The short-term nature is outlined not accidently, as these loans imply higher risks for lenders, typically expecting to get the repayment in 30 days period. This way or the other, the period may not be less than 30 days.
What do I need to get started?
Payday short term loans stand out from conventional loan solutions with an extremely short list of requirements. Therefore, you must be 18 years old and have a bank account registered to your name no less than 30 days before you submit an application.
Would I be Charged for Using the Service?
LouisianaInstantLoans.com will never charge you for using quick cash loans matching functionality – it is and will remain to be a completely free service. All the charges you will have to repay are typically limited to loan amount and interest repayments (although non-significant amounts may be added for processing, money transfer and etc. – these additional charges depend on the particular contract). No collaterals or having guarantors is required.
Are there any factors impacting the chances to get an approval, such as rent/own status?
Principally, the direct lenders keep same day loans approval formulas and mechanisms in secret. But in either event if you meet the basic clarifications the odds to get the loan are always very good. Perhaps, the amount of money in the contract may be lower than you’ve requested but in either event getting rejected is a truly rare case.
Does it refer to poor credit history as well?
Yes, your credit score shouldn’t be perfect to get a payday loan – this type of loan implies higher risks for lenders that compensate their risks with a higher APR rate. In either event, the chances to get the loan with bad credit are quite the same as the chances to get the loan with perfect credit history.
So what are my chances to get a loan through your platform?
Payday lenders provide up to $1,000 loans; the lender makes a final decision on the amount to offer basing on the info indicated in your application.
How do you protect my privacy?
Your privacy is our top priority. All the data processed through our servers is guarded by 256-bit SSL protection, plus we take advantage of neoteric protection mechanisms by Symantec and McAffee. We never share your personal information with 3rd party companies not mentioned in the contract.
How and when do I get my loan money?
The odds to get the necessary amount of money the next or even the same business day are always very good. Submit your application before 2pm Monday to Thursday – thus you will double to your chances to get fast cash ‘here and now’. As a rule, instant personal loans are loaded straight to your credit card or bank account, but alternative options may be there as well.