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Louisiana Rates and Terms

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Louisiana Payday Loan Terms

Our short-term payday loans put a cash deposit directly into your checking account. In general, the due date of your loan is tied to your next pay date. See HOW YOUR DUE DATE IS DETERMINED below for details. When your loan is due, we automatically access your checking account via an authorized electronic withdrawal or, if you have provided it, the debit card associated with your checking account. For alternative repayment options, please contact us.

Representative Example of Payday Loan Fees:

A 15-day payday loan of $220.00 has an APR of 600.15% and a finance charge of $54.26.

To view additional examples of payday loan fees, select a loan amount and duration from the drop-down menus below. Your results will be shown below once you select a loan amount, duration, and click the ‘Submit’ button.

 
day Payday Loan of has an APR of %. Finance Charge: .

This payday loan fee calculator is only for illustrative purposes and provides an example of a typical payday loan we offer to qualified applicants. If approved, the specific rates and terms of your loan agreement will depend on your qualifications.

A single payday loan is typically two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday loans are not recommended as long-term financial solutions.

How your due date is determined:

The term of these payday loans is 7-30 days. The system will set your loan due date to coincide with your next payday, unless your next payday is less than 7 days away. If you need a different due date, please call 1-800-460-4305 for assistance. Whenever possible, we suggest making your loan due date on your next payday.

Repayment Options:

When your loan is due we will automatically withdraw the total amount due from your checking account via an authorized electronic withdrawal or, if you’ve provided it, the debit card associated with your checking account. If you need an alternative method of payment, please call 1-800-460-4305. Please remember that if you cannot repay your loan in full on its due date, you should contact us one banking day before your loan is due.

If you do not want us to withdraw the total amount due you have the option to refinance your loan until your next payday. Refinances result in more finance charges paid over the life of the loan. The cost to refinance your loan is $20.12 per $100.00 borrowed. The $20.12 fee covers earned interest for the extended period. In addition, Louisiana law requires you to pay 25% towards principal when you refinance. We recommend paying an additional amount toward the principal balance to reduce the amount of fees you will pay for refinancing your loan.

The refinance fee will be withdrawn from your account on your due date. You have the option to refinance your payday loan one (1) time. We must receive your refinance request before 7:45 PM EST, one banking day before your loan is due.

If you are unable to repay your loan on the due date, you may enter into an Extended Payment Plan which allows you to pay off your loan in four substantially equal payments. An Extended Payment Plan is only available to you once in any 12-month period. You must notify us before 6:00 PM Eastern the day before your due date if you are unable to pay, or within 72 hours of discharge from a hospital which prevented the exercise of your right to an Extended Payment Plan.

For more information on repayment options such as courtesy moves, refinances, and extended or variable payment plans, please contact us at 1-800-460-4305, or visit our FAQ page.

ACH/EFT Authorization:

Your online agreement will be governed by the laws and regulations of the state of Louisiana. If your authorized ACH debit is returned for any reason you agree to the following:

• You are authorizing us to initiate electronic debits or drafts to your account in the amount up to, or less than the amount owed, until the amount owed is paid in full. Your authorization shall remain in effect until we have received written notice of its termination. We must also have had a reasonable opportunity to act on this authorization.
If you have questions or concerns regarding your Cash Central/CCF loan, please contact us by calling 1-800-460-4305 or by sending us an email at customerservice@cashcentral.com.