The capital of Louisiana, Baton Rouge, was originally believed to be the hunting ground of the Bayou Goula and the Houma Indian tribes. French explorers declared land ownership in 1699. Ownership was then transferred to England through the Treaty of Paris in 1763. Since that time, numerous countries and settlers have fought for land ownership. The current city flag is a visual representation of its territorial history.
The Louisiana State Capitol is a historic building erected in the 1930s. It is 450 feet high, making it the tallest capitol building in the United States. Visit the 27th floor of the building for incredible views of the city. The Old State Capitol overlooks the Mississippi River, hence the nickname Castle on the River. This stunning Gothic castle is now used at the Museum of Political History. American author Mark Twain famously declared distaste of the Old State Capitol by calling it an “architectural falsehood.”
While touring the capital of Louisiana, you should also make time to visit the Old Governor’s Mansion. Nicknamed Louisiana’s White House, this historic house museum has housed nine governors since 1930. The extensive restoration of this museum was completed in 1999. The USS Kidd is an original World War II ship docked in the Louisiana Memorial Plaza. If you’ve ever been curious about the configuration of a warship, take a tour inside this historic vessel.
The population size for Baton Rouge is 227,470. Approximately 49.8% of the population are homeowners. The median value of a home in Baton Rouge is estimated to be $174,000. Homeowners with a mortgage typically pay about $1,330 each month, while those without a mortgage pay $382. The median gross cost of rent in the city is $879. It is slightly lower than the national median gross rent in the US, which is $1,097. The average resident makes about $44,470 annually.
If you are contemplating your financial options, you may wonder about personal loans. Borrowers can use this type of installment loan for personal expenses, hence the name.
A personal loan is considered an installment loan because it is repaid in small monthly increments over a set length of time. Unlike a lot of similar loans, individuals could get more flexibility when it comes to approval and the repayment terms.
Below you can see how personal loans compare to other financial options in Louisiana:
Before you go ahead and apply for a loan, it’s a good idea to get a clear understanding of your finances. Knowing how much a loan will cost can help you integrate the additional cost into your monthly budget.
To verify if you can afford a personal loan in Louisiana, you must first calculate how much money you have left at the end of the month. You can do this by following four simple steps:
In order to start budgeting, you must first get a clear understanding of how much money you earn monthly. If you work a traditional job that disperses paychecks, add up the total monthly amount after taxes. If you work a side hustle, such as driving for Uber, calculate the average amount you receive and add it to your total monthly income. The final calculation is how much you have available to spend.
You will then need to calculate how much you spend each month. You can organize expenses into two basic categories:
Once you have all of your expenses categorized, calculate the total you spend on necessary and unnecessary costs. Subtract the total expense amount from your monthly income. The difference is how much free cash you have available once you take care of bills.
If you don’t have sufficient money available after bills, consider lowering your unnecessary spending. An easy way to save money is to cut the number of subscription services you use. A lot of streaming platforms offer free services, such as Spotify and Peacock. You can also try learning how to grocery shop on a budget to save a little more.
Once you know how much money you have left to spend each month, you can inquire about loans. By using a financial calculator online, you could clearly see how much a loan will end up costing you in interest fees. You could play around with the repayment length, interest rates, and loan amounts to learn what type of loan would be best for your current financial situation.
The qualification requirements for a personal installment loan are dependent on two crucial factors: income and credit.
This may sound daunting to potential borrowers with a bad credit score. But the good news is that eligibility is not limited to individuals with a perfect credit score. Likewise, if you are newly eighteen years old, you likely do not have an established credit history. It’s possible for you to get a bad credit installment loan in Louisiana with low or unestablished credit.
Although it is possible to get emergency cash with a low credit score, raising your credit score is still worth the time and effort. The higher your FICO score is, the more financial opportunities you will get. Loan approval, low-interest rates, and high loan amounts are often reserved for people that display stable finances.
But how long does it take to raise a FICO score? By working diligently, it’s possible to raise your score by 100 points in as little as 30 days! Credit scores are beneficial because potential borrowers are evaluated based on their financial actions. If you have unhealthy financial habits, know they can be easily adjusted.
Credit bureaus determine a credit score through the calculation of five categories:
Fulfilling your debt payment obligations on time is one of the best ways to raise your credit. When you forget to pay a bill, your score is negatively affected. Consider debt consolidation if you lose track of due dates because you have too many bills. Debt consolidation is the act of unifying multiple bills into one solitary payment. Having fewer bills to worry about with debt consolidation can help you better organize your finances.
Personal installment loans are a beneficial loan option for all types of expenses. Many different people apply for personal installment loans and use their approved money for all kinds of financial emergencies.
These are just some of the easy you could use your loan proceeds:
Not many people have more than one reliable vehicle in their name. If your car breaks down, you may need immediate repairs. After all, getting to work on time and traveling around the city is necessary. Unfortunately, a lot of car repairs are extremely pricey due to new parts and labor costs.
Common car repairs include catalytic converter repairs, ignition coil repairs, airbag repairs, and thermostat repairs. These repairs can cost a couple thousand dollars, which not everyone can afford out of pocket. You may be able to get more than enough money to repair your car with a personal installment loan.
Due to no fault of your own, you may find yourself falling behind on rent. Perhaps you got laid off, or your rent price increased after renewing your lease. Overdue rent may include several late fees, which can be astronomical. If you miss too many payments, you may be at risk of eviction. If you need quick cash to avoid losing your housing, you may be able to pay your landlord with a personal installment loan.
One of the best ways to become financially independent is to organize your finances. Being financially organized means you know how much is due and when. But it can be hard to keep track of bills when you may have several types of debt to worry about each month. A simple way to stay organized and avoid late fees is to use a personal installment loan for debt consolidation. You may qualify to get thousands of dollars to pay off different types of debt!
Part of owning a home includes having to maintain the appliances. Everything may be fine one minute, but then unexpectedly, your fridge or stove has stopped working. Appliances can be very pricey depending on the size, material, and features. Not to mention, the cost of installation may also run a few hundred dollars. Suppose you don’t have enough money in your bank account. In that case, you could use personal loan proceeds to cover the cost of appliance purchases.
Home repairs are typically unexpected but almost always costly. Older homes tend to require more repairs, but even new homes may have issues that need attention. Common house repairs include faulty plumbing repairs, heater repairs, septic system repairs, and mold removal, to name a few. Depending on the repair and the extent of the damage, a house repair can cost thousands of dollars. To help cover the upfront cost, you could use a personal installment loan.
There are different types of personal installment loans you could apply for in Louisiana. When considering applying for installment loans, consider the repayment terms. Each loan offers various benefits, so feel free to do your own research, so you pick the best one for you.
There are plenty of loan options in Louisiana, but personal loans come with additional benefits! While it’s essential to consider the interest rates with loans, you should also watch out for extra financial perks. Financial perks offer borrowers an easy repayment process that works with their established budget.
These are standard perks associated with personal loans in Louisiana:
The approval process may only take up a few minutes of your time. Lenders will ask you to provide fundamental identity and income details when you inquire. Based on your provided information, you will receive a pre-approval decision. Your time is valuable, so the application process is designed to help you get approved as quickly as possible.
On your due date, your loan amount will be the same every month. Payments are fixed, so you can easily include the additional cost in your budget. Other loan options may offer variable interest rates, which fluctuate month to month. Your payment may be meager to start and then quickly become unaffordable.
Most loans in Louisiana require perfect credit for qualification. This can exclude a lot of good people in need of financial support. Qualification with personal loans is incredibly flexible! More people could get the money they need despite lousy credit or unestablished credit history.
Personal loans can be used for just about any expense! While other loan options may restrict borrowers from using their loans for certain costs, such as school-related expenses. With personal loans, you are free to use your money however you wish! You could even split up your total loan amount to pay off different bills.
If the thought of using collateral makes you uneasy, know that you don’t need to use an asset for funding! You could still qualify for unsecured personal loans with low credit. Using an asset to secure cash is risky, so choose a loan option that doesn’t require collateral.
Looking for legitimate lenders that offer personal loans in Louisiana? CreditNinja is an established online lender that provides quality service, affordability, and quick cash.
CreditNinja has helped over 200,000 people so far get the emergency money they need in as little as 24 hours after approval. While other loan options can be predatory, CreditNinja aims to provide affordable loan terms that don’t overwhelm borrowers.
Not all applicants with low credit can get approved for funding. But personal loans through CreditNinja have unmatched flexible qualification requirements. Individuals with low credit and even unestablished credit could be approved for the money they need quickly.
These are just a few fantastic benefits offered by CreditNinja:
¹Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday – Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, the loan if approved, will be funded the business day after such additional verification is completed.