Fast Online Payday Loan [ SHREVEPORT ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Shreveport Louisiana USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – Shreveport, LA installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Shreveport, LA, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
Cash Advance Near Me :: Shreveport Louisiana Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| Advance America | 6730 Pines Rd #202, Shreveport, LA 71129 | +1 318-671-8686 |
| ACE Cash Express | 3004 Highland Ave, Shreveport, LA 71104 | +1 318-934-0564 |
| OneMain Financial | 7230 Youree Dr Ste 111, Shreveport, LA 71105 | +1 318-861-3141 |
| L.A. Cash Advance | 273 E 70th St Ste C, Shreveport, LA 71106 | +1 318-869-4591 |
| Security Finance | 2800 W 70th St Ste D, Shreveport, LA 71108 | +1 318-635-9097 |
| Speedy Cash | 9360 Mansfield Rd, Shreveport, LA 71118 | +1 318-686-4984 |
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About Payday Loans in Shreveport Louisiana
When unexpected expenses arise in Shreveport—a car repair, medical bill, or sudden gap in income—many residents consider short-term loans like cash advances, payday loans, or installment loans. While these options offer quick access to cash, they come with significant risks and costs that every borrower should understand.
This guide will help you make an informed decision about short-term borrowing in Shreveport, including how these loans work under Louisiana law, what to watch out for, and most importantly, what local alternatives might offer better financial solutions.
Understanding Your Options in Shreveport
Payday Loans & Cash Advances
What they are: Small, short-term loans (typically $100-$500) designed to be repaid in a single lump sum on your next payday, usually within 14-30 days.
How they work in Louisiana:
- Maximum amount: $350
- Loan term: 30-60 days (minimum 10 days)
- Fees: Up to 16.75% of the loan amount (approximately $58.63 on a $350 loan)
- APR equivalent: A two-week $350 loan would carry an APR of over 780%
The reality: While Louisiana has some regulations, payday loans remain extremely expensive and can create a cycle of debt where borrowers take out new loans to repay old ones.
Installment Loans
What they are: Larger loans ($1,000-$5,000) repaid over several months through regular scheduled payments.
How they work in Louisiana:
- No rate caps: Louisiana does not cap interest rates on larger installment loans
- Longer terms: Typically 6-36 months
- Variable APRs: Can range from 36% to over 200%, depending on lender and creditworthiness
The reality: While the payments may seem more manageable, the total cost of these loans can be substantial due to high interest rates.
The Risks of Short-Term Borrowing
Before visiting a lender on Youree Drive or Jewella Avenue, consider these significant risks:
- Debt cycles: 80% of payday loans are rolled over or followed by another loan within 14 days
- Bank fees: Failed automatic withdrawals can trigger overdraft fees
- Collection practices: Defaulted loans may lead to aggressive collection tactics
- Credit damage: While most payday lenders don’t check credit initially, defaults can be reported to credit bureaus
Local Shreveport Alternatives to High-Cost Loans
1. Credit Union Solutions
- Pelican State Credit Union offers Member Assistance Loans with reasonable rates
- Barksdale Federal Credit Union provides small-dollar loan options for members
- Progressive Credit Union offers financial counseling and alternative loan products
2. Community Assistance Programs
- Catholic Charities of North Louisiana: Emergency assistance with utilities, rent, and food
- Christian Service Program: Provides financial help for basic needs
- United Way of Northwest Louisiana: Dial 211 for referral to local resources
3. Employer-Based Options
- Ask about advance pay programs or employee hardship funds
- Some Shreveport employers offer emergency loan programs
4. Payment Plans
- Many Shreveport medical providers, utility companies, and landlords will work with you on payment arrangements
- Contact creditors directly before resorting to high-cost loans
5. Side Income Opportunities
- Temporary work through local temp agencies
- Gig economy work (delivery services, ride-sharing)
Red Flags to Watch For
Shreveport borrowers should be wary of lenders who:
- Don’t clearly disclose all fees and the APR
- Pressure you to borrow more than you need
- Ask for electronic access to your bank account
- Aren’t licensed with the Louisiana Office of Financial Institutions
- Operate solely online with no physical address
Smart Borrowing Strategies for Shreveport Residents
If you must use a short-term loan:
- Verify licensing with the Louisiana Office of Financial Institutions
- Calculate the total repayment amount—not just the payment
- Borrow only what you can repay with your next paycheck
- Avoid multiple loans simultaneously
- Have an exit plan for repayment
Where to Get Help in Shreveport
If you’re struggling with debt:
- Credit counseling: Nonprofit agencies like GreenPath Financial Wellness offer free advice
- Legal assistance: Southeast Louisiana Legal Services may help with debt issues
- Consumer protection: Report predatory lending to the Louisiana Attorney General’s office
The Bottom Line
While cash advances, payday loans, and installment loans are readily available throughout Shreveport, they represent some of the most expensive forms of borrowing available. The combination of high fees, short repayment terms, and potential for debt cycles makes them dangerous solutions for financial emergencies.
Before visiting a lender on Mansfield Road or Kings Highway, exhaust all other options. Reach out to local credit unions, community assistance programs, and creditors directly. Many will work with you to create more sustainable solutions that won’t jeopardize your financial future.
