Payday Loans in Aberdeen, Kentucky

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Aberdeen, KY. Consider companies in other cities:

Company nameAddressZip codePhone number
Morgantown Bank & Trust ATM 1308 S Main St, Morgantown, KY 42261 +1 (270) 526 - 3881
Personal Finance Company 970 Bloomfield Rd, Bardstown, KY 40004 +1 (502) 348 - 8119
World Finance 296 Campbellsville Bypass Ste 1, Campbellsville, KY 42718 +1 (270) 465 - 4555
First State Bank 240 1st Ave, Irvington, KY 40146 +1 (270) 547 - 2271
World Finance 332 E Waverly St, Morganfield, KY 42437 +1 (270) 389 - 1810
Check Advance 1550 Hwy 15 South, Suite 22, Jackson, KY 41339 +1 (606) 666 - 5758
Citizens Commerce Bank 534 Marsailles Rd, Versailles, KY 40383 +1 (859) 879 - 9455
World Finance 113 1/2 Union St, Barbourville, KY 40906 +1 (606) 546 - 4441
U.S. Bank ATM - Paducah Downtown 333 Broadway St, Paducah, KY 42001 +1 (800) 872 - 2657
Cash-A-Check 1125 N Main St, Beaver Dam, KY 42320 +1 (270) 274 - 7779

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Aberdeen, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Florence, KY, Payday Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, Quick Loan in Louisville, KY, 24-Hour Loan in Owensboro, KY and Payday Loans in Richmond, KY. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Aberdeen, KY.

Are Payday Loans Legal In Aberdeen, Kentucky?

Loan Rates and Fees, Laws and Regulations in Kentucky.

Kentucky Loan Regulations

Legal StatusLegal (Applies to check cashers only)
Interest Rate (APR, %)460
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term60 days
Number of Rollovers Allowed0
Finance Charges$15 per $100

Aberdeen, KY payday loan calculator

Payday Loans in Aberdeen, Kentucky: Regulations, Benefits, and Risks

Payday loans are becoming an increasingly popular form of short-term financing in the United States. However, these types of loans come with a high level of risk, as they often feature high interest rates and can lead to a cycle of debt for borrowers.

Regulations of Payday Loans in Aberdeen, Kentucky

In Kentucky, payday loans are legal but are only permitted for check cashers. The state has implemented specific regulations to protect consumers from predatory lenders and limit the amount of debt borrowers can incur.

The maximum loan amount that a borrower can take out is $500, and the loan term cannot exceed 60 days. Additionally, lenders are allowed to charge up to $15 per $100 borrowed, which equates to an annual percentage rate (APR) of 460% for a 14-day loan.

Another important regulation in Kentucky is the limit on the number of loans a borrower can take out at once. A borrower can only have two outstanding payday loans at a time, and the total amount borrowed cannot exceed $500.

The Benefits and Risks of Payday Loans

Payday loans can offer quick and easy access to cash for individuals who may not have other options for borrowing money. This can be especially helpful in emergency situations where time is of the essence.

Another benefit of payday loans is that they do not require a credit check, meaning that borrowers with bad credit or no credit can still qualify for a loan. However, this also means that lenders are taking on a higher level of risk and must compensate for that risk through higher interest rates and fees.

The biggest risk associated with payday loans is the potential for a borrower to get trapped in a cycle of debt. Due to the high interest rates and short repayment terms, borrowers may find it difficult to pay off their loan in full by the due date. This can lead to additional fees and interest charges, which can quickly add up and make it even harder to pay off the loan.

Interesting Facts about Payday Loans in Aberdeen, Kentucky

  • In 2019, the average payday loan amount in Kentucky was $325.
  • The majority of payday loan borrowers in Kentucky are female.
  • Kentucky has the fifth-highest concentration of payday lending locations in the United States.

Apply Now

If you are interested in applying for a payday loan in Aberdeen, Kentucky, TheGuaranteedLoans can help. We are a connection service that can help connect you with potential lenders who may be able to offer you the financing you need.

It’s important to remember that we are not a direct lender, and we do not make credit decisions or charge any fees. Instead, we work with a network of trusted lenders to find the best possible loan option for your unique financial situation.

Ready to apply for a payday loan in Aberdeen? Simply fill out our online application and we will work to connect you with potential lenders who can meet your needs.

Remember, payday loans can be a useful tool for addressing short-term financial needs, but they also come with risks. It’s important to borrow responsibly and make sure you fully understand the terms and conditions of any loan you take out.

F.A.Q.

How do I repay a payday loan in Aberdeen, Kentucky?

Payday loans in Aberdeen, Kentucky are typically repaid in full on the borrower's next payday, either by providing a post-dated check or authorizing electronic access to the borrower's checking account.

Can I apply for a payday loan if I am self-employed in Aberdeen, Kentucky?

Yes, individuals who are self-employed are eligible to apply for payday loans in Aberdeen, Kentucky. However, they may need to provide additional documentation to prove their income.