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office (504) 347-5644
fax (504) 335-1000

Frequently Asked Questions

You can email us your questions and we do our best to post your reply here

Q. What are the requirements for a payday loan?
A.
Click here for the requirements.

Q. When will my loan be due?

A. Generally, on your next payday (or sometimes on your payday after that). The term of your loan cannot exceed 30 days or be less than 8 days.

Q. How much can I borrow?
A. You can borrow $300.

Q. When will I receive my loan?
A. If all information is received and verified by 6:00 p.m. Central Time, you will generally receive your money the same business day. For security purposes, we must be able to contact you by telephone before your loan is funded.

Q. When will I hear whether I qualify for a loan?
A. Once you complete the application, you will hear the same business day or the next business day.

Q. How will I know if I am approved?
A. Shortly after we have all necessary information, we will either let you know in the office or call you to let you know if yyou are approved or disapproved.

Q. Can I renew or refinance my loan?
A. You may be able to refinance your loan up to three times, if you are approved for a new loan. In connection with any refinance, you must pay the full finance charge on your existing loan and at least 25% of the original principal balance of your loan. You must arrange for the renewal no later than the date prior to the date the existing loan is due. To refinance, you must return to our office, and request a refinancing; and apply for a loan. If you are approved, we will initiate a debit from your bank account for the finance charge you owe in connection with the loan you are refinancing, plus the amount of pricipal you would like (not less than 25% of the original pricipal balance of your loan). The proceeds of the new loan will be used to repay the principal on the loan you are refinancing. Of course, you will be liable for a new finance charge in connection with the new loan.

Q. Once paid off, when can I get another loan?
A. You must generally wait three (3) business days after a loan is paid off before you get another loan. Unless you pay in cash or by money order or cashier’s check, we may ask you to prove that the previous loan has actually been paid with good funds. This may require you to provide us with a bank statement showing proof of a non-pending payment.

Q. How many loans can a customer have in one year?
A. There are no limitations on the number of loans a customer may have in one year.

Q. Can spouses have separate loans?
A.Yes. Each customer is treated individually, and each spouse can apply separately for a loan.

Q. How do I repay my loan?
A. G-Money Payday Loans will initiate a transfer of funds from your bank account for the principal and finance charge associated with your loan on the day the loan is due.

Q. If I pay off my loan early, how does that affect my finance charges?
A. If you prepay your loan within (5) days you may be entitled to a rebate of a portion of your finance charge as set forth in your loan agreement.

Q. How do I cancel the loan?
A. To cancel the loan, if you've already received a check, just return it to our office and we will void your loan.

Q. What is the rate schedule for Louisiana?
A.Click here for a rate sheet.