Bad Credit Loans Lake Charles, La.
With a host of different industries continuing to grow, Lake Charles is a city on the rise. Despite the recession of the late 2000s, the city has managed to rebound beautifully and now has over 71,000 residents. However, many in the city continue to face economic hardship, and can’t find the financial relief they need. If you’re seeking a personal loan for bad credit in Lake Charles, then you need the Loans Discovery Program. This is a free service that allows you to compare multiple offers for bad credit, with no initial hard inquiries on your score.
Progress Doesn’t Mean Perfection
Since the turn of the century, Lake Charles has experienced a revitalization. The manufacturing sector has stabilized, and increases in tourism have granted the city a stable economy to depend on. Most of all, Lake Charles has become the de facto gaming capital of Louisiana, with two major casinos having opened in the city since 2005. Despite the growth in the economy, the residents of Lake Charles face some financial problems that don’t have easy solutions.
Stable Jobs Don’t Equal Sufficient Pay
As of 2017, over 62% of Lake Charles residents were counted in the labor force, and only 3.3% of the population was unemployed. However, the median household income was only $40,910, well below the $61,000 average across the rest of the United States. Even as the job market in Lake Charles has grown, average wages have remained stagnant. This has created a situation where many residents work odd shifts, for more than 40 hours a week, but still can’t meet their expenses.
A Lack of Health Coverage Means More Risk
By the end of 2017, more than 16%, or over 12,000, of Lake Charles residents didn’t carry health insurance. Even with coverage, medical costs can be difficult to pay off. The Milliman Medical Index found that an average family of four with insurance still paid about $28,000 in medical expenses in 2018. Without it, even a single trip to the emergency room can spell financial disaster for some families.
Preying on Those With Gambling Debts
The gaming industry has definitely benefited the Lake Charles economy, but it’s also introduced more opportunities for shady lenders to flourish. People with heavy gambling debts often need relief quickly but are terrified of anyone finding out about their addiction. As a result, they turn to payday lenders. By not checking credit and guaranteeing approval, payday agencies have been able to lure unsuspecting borrowers into a financial trap. Despite only being allowed to extend up to $350 at a time under Louisiana Revised Statute 9:3578.3, payday lenders have been able to accumulate millions in fees alone. This is because they can charge up to 780% APR, with only 60 days to repay, creating a situation where many are stuck taking out new loans constantly to repay old ones.
You Don’t Have to Stay Trapped in Debt
Whether you’re struggling with low income, no health coverage, or bad gambling debts, you don’t have to turn to a payday lender. Even with bad credit, there exist plenty of options to get a quality loan in Louisiana, and our Discovery program will show you how! We’ve helped pair over 500,000 clients with the offer that was right for them, and we can do the same for you!
We Match Your Needs With Offers that Work for You
We know you’re more than a credit score, and we consider all of your circumstances when we match your lending solutions. Since no two people need the exact same thing, our lending offers are very diverse, and include:
- Options to borrow up to $70,000
- Options for two, three, five, or seven-year billing cycles
- Less than 5% interest rates for many applicants
- No collateral required for any of our options
- No charges or fees for paying off your loan early
Since the Discovery program is 100% free, and we don’t lend money directly, you’ll never have to pay us in any way, shape or form. You’re also under no obligation to select any of the options we present.
We Keep Your Information Secure
You can’t risk having multiple hard inquiries made because they can damage your score, and we recognize that. While we require a minimum of 450, we initially allow you to determine your own score, and we base our search off that. We don’t report your information to any third parties, so if you’re struggling with gambling debts, there’s no danger in someone learning about your hardships.
Your Money is Ready When You Need It
While traditional lenders can take as long as a month to get your money, our system was designed to get your loan funded in potentially less than a week. It starts with a simple questionnaire that can be filled out in less than six minutes, followed by direct communication with your personal consultant. Typically within a day, your offers have been compiled and are ready for you to review. Once you’ve made your choice, most of our vendors can have your money available in two business days at most.
Let Us Get You the Money You Need Now!
You don’t have to keep living in fear of looming bills, high medical costs, or loan sharks near the casinos. We can provide offers that are safe, secure, and tailored to what you want to achieve and when you want to achieve it. Register for our service and start getting the money you need now!
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K