At our website, residents of Bayou Cane, LA, can find the best rates for overnight payday loans. According to the national statistics, small-dollar loans remain popular means of facing any kind of a financial pinch, from making the rent to investing in an expensive piece of household appliance to covering consumer needs.
Across Bayou Cane – a town of slightly more than 21,000 inhabitants – the median household income is $52,901, but the unemployment and poverty rates remain high (2.1% and 14.4%, respectively), while 20% of the households live on less than $25,000. The increasing income inequality drives many families in search of a cash infusion, and payday loans is one of the fastest and most reliable way to get emergency money to the account. This is where our website offers free assistance to Bayou Cane citizens.
We are not checking your credit history: it can be whatever it is, you are still eligible for a loan, as long as you are employed, have reached the age of majority and have an active bank account. The lenders will require you to enclose several pay stubs as a proof of financial solvency, and fill out a short form with basic information about you and your bank account.
You can choose between writing a forward-date made out to the lender or authorizing them to draw funds directly from your account come maturity date. This is another convenient point of payday loans – minimal legwork, everything is done online and within the shortest timeframe!
What are the conditions that apply to payday loans in Louisiana? They are simple but rather rigid towards the lenders, as the state protects borrowers’ interests. The maximal duration is 60 days, you cannot roll your debt over (leave it unpaid for another period, covering only the interest) and you can get the maximal amount of $350,00 – with maximal fees of 16.75% and 391% charged in the state-capped APR. In practice, this means that you will not pay more than $30 per every $100,00 borrowed plus the originating fees.
Applicants leaving a query today will be approved within several minutes and receive their money already tomorrow without any credit history check, a drive to the office or faxing.