Mayday Loans Payday Loans Review

1 reviews

Loan agency in Monroe, Louisiana

Organization owner?

405 Louisville Ave, Monroe, LA 71201, USA

+1 (318) 855-5857

What people think about Mayday Loans?

Below you find some of the testimonials of our customers.

Beware! It’s a spam! They call me every day from various phone numbers. Tired of blocking these numbers. Never give them your personal data!!

Prof. Ladarius Cremin

I took out cash advance from Mayday Loans twice. Paid off all my loans successfully. Last morning wanted to borrow more, but they approved me for only $300 ???

Adrianna Bruen

So upset!! They approve me for a loan but it’s been 3 days and still no funds in my account! Tired of waiting…. Not sure I will ever receive my money.

Birdie Gorczany

Crazy APR. Had to pay really A LOT. Read the contract carefully before accepting the terms and rates. Had too many problems. Client service was unsatisfactory too. The lady in the office was very impolite. Not happy. Better consider another website.

Teresa Lowe PhD

Important

Below you can read general information about payday loans and their common characteristics.

Payday Loans in Monroe, New York

A payday loan is a small, short-term loan that's meant to be paid off with the borrower's next paycheck. Amounts usually range from $100 to $1,000.

Payday loans may turn out an easy and speedy solution to a short-term problem in Monroe, New York. Loans from payday lenders can get you money quickly. Your interest rate will depend on several factors.

APR

25% small loan cap

Why people take out payday loans?

70%

Car expenses

50%

Treatment

40%

Vacation

30%

Clothes

30%

Home improvement

Payday loans for bad credit

If you have a bad credit history you may still get accepted for a payday loan. Such loans are designed to help meet the needs of consumers with less than perfect credit scores. There are lenders who may be ready to offer you a payday loan even if you have a bad credit rating. You will need a stable income to get accepted for a bad credit payday loan.

To get accepted for a payday loan, you have to meet the following eligibility criteria:

be 18 years old or older;
be a U.S. citizen or permanent resident;
be employed and have a steady income;
have a valid checking account in your name;
have an email address and phone number.

Rate Your Credit Score

Low

Low Rate

300

Lower than Average

579

No ability to get a loan
No ability to rent a room

Average

Average Rate

670

High Rate

739

80% of loan approval
Apply for all loan types

Perfect

Great Score

740

Perfect Score

799

95% of loan approval
Apply for all loans including mortgage

Rate your APR

If you want to learn the real APR of the loan before applying, you can use the online calculator. It will help you determine the exact cost of the payday loan in a few minutes.