Payday Loans in Avawam, Kentucky

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

Company nameAddressZip codePhone number
Lincoln Financial Group 2940 Hebron Park Dr 301, Hebron, KY 41048 +1 (859) 689 - 4970
Cash Express 42 Brendan St, Owingsville, KY 40360 +1 (606) 674 - 2177
Planters Bank 796 US-41, Sebree, KY 42455 +1 (270) 835 - 0224
World Finance Corporation 942 S 12th St, Murray, KY 42071 +1 (270) 753 - 0735
Eagle Finance 3525 Frederica St, Owensboro, KY 42301 +1 (270) 993 - 8300
First Financial Credit 10 West HWY 92, Williamsburg, KY 40769 +1 (606) 549 - 5504
First Financial Bank 1012 US-127, Lawrenceburg, KY 40342 +1 (502) 839 - 7776
First Choice Finance Co 2111 Westerfield Dr, Providence, KY 42450 +1 (270) 667 - 9389
CFSB 221 W 5th St, Benton, KY 42025 +1 (270) 527 - 6034
U.S. Bank Branch 415 N Lake Dr, Prestonsburg, KY 41653 +1 (606) 886 - 2924

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Avawam, KY, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Florence, KY, Payday Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, Short-term Loans in Louisville, KY, Payday Loans in Owensboro, KY and Bad Credit 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 Avawam, KY.

Are Payday Loans Legal In Avawam, 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

Avawam, KY payday loan calculator

Understanding Payday Loans in Avawam, Kentucky

Payday loans are a type of short-term loan that is typically due on the borrower’s next payday. They can be a convenient way to get quick cash when an unexpected expense arises. In Avawam, Kentucky, payday loans are legal, but they are subject to certain regulations that borrowers should know about before taking one out.

How Payday Loans Work

When you take out a payday loan, you are borrowing money against your next paycheck. You’ll typically be required to provide a post-dated check or authorize an electronic withdrawal from your bank account for the amount you borrowed, plus fees and interest. The loan must be repaid in full by the due date, which is typically your next payday.

Payday loans are designed for people who need cash fast and don’t have access to other forms of credit. They are often used to cover unexpected expenses, such as medical bills, car repairs, or home repairs. However, payday loans can be expensive, with high fees and interest rates. It’s important to understand the costs associated with taking out a payday loan before you apply.

The Regulations Surrounding Payday Loans in Avawam, Kentucky

In Avawam, Kentucky, payday loans are legal, but they are subject to state regulations that govern how much you can borrow, how long you have to repay the loan, and the fees and interest rates that lenders can charge.

  • The maximum amount you can borrow is $500.
  • The loan term must be between 14 and 60 days.
  • The finance charge is $15 per $100 borrowed.
  • The annual percentage rate (APR) on a 14-day loan is 390%.

It’s important to note that payday lenders in Avawam, Kentucky, are not allowed to rollover or refinance your loan. This means that you can’t take out a new loan to pay off an existing loan, and lenders can’t extend your repayment term.

How to Apply for a Payday Loan in Avawam, Kentucky

If you need a payday loan in Avawam, Kentucky, you can apply online or in person at a local payday lender. You’ll need to provide some basic personal and financial information, including your name, address, and employment details. The lender will also need to verify your income and check your credit history.

It’s important to shop around and compare loan offers from different lenders before you apply. Look for lenders who are licensed by the state of Kentucky and who have a history of treating their customers fairly.

Interesting Facts and Statistics About Payday Loans in Avawam, Kentucky

  • As of 2021, there are approximately 657 payday lenders operating in Kentucky.
  • In 2019, payday lenders in Kentucky issued over 600,000 payday loans, with an average loan amount of $391.
  • The total amount of payday loans issued in Kentucky in 2019 was over $236 million.
  • Under Kentucky law, payday lenders are required to provide borrowers with a written agreement that outlines the terms and conditions of the loan.

Apply Now with TheGuaranteedLoans

If you’re considering a payday loan in Avawam, Kentucky, TheGuaranteedLoans can help. We are a connector service, not a direct lender, which means that we can connect you with potential lenders who may be able to help you get the cash you need.

Our online application process is fast and easy, and we work with a network of trusted lenders who are committed to providing fair and transparent lending practices. Click “Apply Now” to get started, and let us help you find a payday loan that meets your needs.

F.A.Q.

Are there any alternatives to payday loans in Avawam, Kentucky?

Yes, there are several alternatives to payday loans in Avawam, Kentucky, such as small personal loans, credit union loans, or borrowing from friends or family.

What should I do if I am unable to repay my payday loan in Avawam, Kentucky?

If you are unable to repay your payday loan in Avawam, Kentucky, you should contact your lender immediately and discuss your options, such as negotiating a payment plan or seeking financial counseling.