Payday Loans in Beverly, Kentucky

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

Company nameAddressZip codePhone number
Citizens Deposit Bank 5230 S Main St, Eminence, KY 40019 +1 (502) 845 - 5639
Southwest Funding LP 629 Trade Ave, Eddyville, KY 42038 +1 (270) 388 - 7557
Meade County Bank 2175 Brandenburg Rd, Brandenburg, KY 40108 +1 (270) 422 - 4141
Lendmark Financial Services 183 US-127, Russell Springs, KY 42642
Easy Money Shoppe 2174 Bridge St, Paducah, KY 42003 +1 (270) 443 - 0111
CVNB Cumberland Valley National Bank and Trust 1376 Master St, Corbin, KY 40701 +1 (606) 528 - 3120
The Cecilian Bank 1021 S Main St, Hartford, KY 42347 +1 (270) 298 - 7429
Brown-Forman Employees Credit Union 850 Dixie Hwy 1038, Louisville, KY 40210 +1 (502) 774 - 7003
Eagle Finance 7791 Dixie Hwy Suite B, Florence, KY 41042 +1 (859) 525 - 9725
U.S. Bank ATM - Scottsville 201 E Main St, Scottsville, KY 42164 +1 (800) 872 - 2657

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Beverly, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Florence, KY, Emergency Loan in Georgetown, KY, Quick Loan in Hopkinsville, KY, 24-Hour Loan in Louisville, KY, Guaranteed Loans in Owensboro, KY and 24-Hour Loan 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 Beverly, KY.

Are Payday Loans Legal In Beverly, 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

Beverly, KY payday loan calculator

Payday loans have become common in the United States as more people seek quick access to cash. When you face an emergency and need urgent funds, a payday loan can seem like the perfect solution. Beverly, Kentucky residents are lucky to be in a state where payday loans are legal for check cashers only.

The Basics of Payday Loans in Beverly, Kentucky

In Beverly, Kentucky, payday loans are legal, and you can access these loans through check cashers, who are licensed by the Kentucky Department of Financial Institutions. However, if you want to borrow from a traditional bank, you cannot get a payday loan.

How Do Payday Loans Work?

A payday loan is a short-term loan that you can get when you need urgent cash. Generally, the loan term is two weeks or until your next payday. The borrower writes a postdated check for the loan amount and the fee charged, which is usually 15 percent of the loan amount. The lender then cashes the check when the borrower’s paycheck comes in.

What Are the Benefits of Payday Loans in Beverly, Kentucky?

  • Quick access to cash when you have an emergency
  • Easy application process
  • No credit checks or collateral required
  • Short-term loan, so no long-term commitments
  • You can apply for a payday loan even if you have a bad credit history

What Are the Disadvantages of Payday Loans?

  • High fees and interest rates
  • Short-term loan, so you need to repay the loan quickly
  • Can lead to a debt cycle if you cannot repay the loan on time and need to take out another payday loan to cover the previous loan’s expenses
  • May affect your credit score negatively if you default

How to Get a Payday Loan in Beverly, Kentucky?

The application process for payday loans in Beverly, Kentucky is easy and straightforward. You need to bring the following documents to the check cashers:

  • State ID
  • Proof of income
  • Checking account information
  • Postdated check

Once you have the documents, you can fill out the application form, and the check casher will process your loan. You will get the loan in cash, and you can use the money for your urgent needs.

Apply Now

TheGuaranteedLoans is a connector service that can help you get in touch with potential payday loan lenders. Simply fill out our online application form, and we will facilitate the connection.

Interesting Facts and Statistics about Payday Loans in Beverly, Kentucky

  • The average payday loan amount in Kentucky is $330.
  • 94 percent of payday loans in Kentucky go to borrowers who take out five or more loans per year, with a term limit of 60 days.
  • In 2019, Kentuckians borrowed $396,056,753 in payday loans.

Conclusion

When you have an emergency and need urgent cash, a payday loan can be a good solution. However, it is essential to understand the terms and conditions of the loan and the potential risks involved. At TheGuaranteedLoans, we make it easy for you to connect with potential lenders who can help you get the funds you need. Apply now and get started on your loan application!

F.A.Q.

Can I apply for a payday loan if I am receiving Social Security benefits in Beverly, Kentucky?

Yes, individuals who are receiving Social Security benefits are eligible to apply for payday loans in Beverly, Kentucky. However, they will need to provide proof of income in order to qualify.

Can I apply for a payday loan if I am a student in Beverly, Kentucky?

Yes, students are eligible to apply for payday loans in Beverly, Kentucky, as long as they meet the other eligibility requirements. However, it is important to carefully consider whether a payday loan is the best option for managing their finances as a student.