At Payday Today, we are happy to offer Payday Loans to the citizens of Louisiana. Although there are many payday lending offices in the state, we believe that we can connect you to the best payday lending service. The application process only takes a few minutes, and the funds are delivered to your bank account the morning after you apply. One of our Payday Loans can be just what you need to make it to your next paycheck. What are you waiting for?
Payday Loans can be an effective tool for people who are suffering short-term financial hardships. However, if your financial troubles are more serious than a simple temporary lack of funds, a payday loan could end up adding to your troubles instead of solving them. If you need a long-term financial solution, consider one of the other loan programs we offer here at Payday Today. Our debt consolidation and personal loan programs are popular choices. We also offer credit cards and credit counseling to our "bad credit" clients.
Payday Lending is legal in the state of Louisiana. Before you apply for a loan in Louisiana, you should be aware of some of the basic state payday lending laws. Payday Loans do not have a minimum term in the state, but the maximum term is sixty days. There is no minimum borrowing amount, but the maximum borrowing amount is $350. Lenders are allowed to charge as much as $20 in interest per every hundred they lend you. Therefore, if you get a $350 dollar loan, you will pay an additional $70 for interest. These figures make the effective 14 day APR 520%.
There are at least 1,009 Payday Lenders in the state of Louisiana.
According to the United States Department of Labor:
The unemployment rate in Louisiana as of January 2006 was 5.5. This was almost a full point drop from January 2005’s 6.4 rate. Over the past ten years, the unemployment rate has been anywhere from 11.8 to 4.0.
As of January 2006, there were 102,723 unemployed people in Louisiana.