Payday Loans in Cecilia, Kentucky

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

Company nameAddressZip codePhone number
PBK Bank 54 Henry St, Junction City, KY 40440 +1 (859) 854 - 3100
Cash Express 1607 Midland Trail, Shelbyville, KY 40065 +1 (502) 633 - 3491
World Finance 1029 N Main St, Nicholasville, KY 40356 +1 (859) 887 - 8008
World Finance 1944 KY-11, Beattyville, KY 41311 +1 (606) 464 - 9912
Cash Express 6127 KY-645, Inez, KY 41224 +1 (606) 298 - 5995
Cash Express 158 Main St, Beattyville, KY 41311 +1 (606) 464 - 0233
United Citizens Bank & Trust 5364 S Main St, Eminence, KY 40019 +1 (502) 518 - 9152
ARH Federal Credit Union 3805 W Cumberland Ave, Middlesboro, KY 40965 +1 (606) 248 - 8566
Limestone Bank 113 E Main Cross St, Brownsville, KY 42210 +1 (270) 597 - 2138
Easy Money Express DBA Barkley Financial 4677 Alben Barkley Dr, Paducah, KY 42001 +1 (270) 534 - 4337

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cecilia, KY, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Florence, KY, Payday Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, Payday Loans in Louisville, KY, Payday Loans 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 Cecilia, KY.

Beautiful sights of Cecilia, KY

Payday Loans Available in Cecilia, KY By The Following ZIP Codes:

42724

Are Payday Loans Legal In Cecilia, 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

Cecilia, KY payday loan calculator

Are you in need of some quick cash in Cecilia, Kentucky? Payday loans may be able to help you out. While these loans can offer a short-term solution for those in a financial bind, it’s important to understand the risks and responsibility that come with borrowing money.

What Are Payday Loans?

Payday loans are short-term loans that are typically due on your next payday. In Kentucky, payday loans are legal for check cashers to provide. These loans are different from traditional bank loans as they usually have a higher interest rate and require less stringent credit checks. Many payday lenders also offer loans without requiring any collateral.

How Do Payday Loans Work in Cecilia, Kentucky?

When you apply for a payday loan, you’ll typically be required to provide a post-dated check or authorize an electronic payment for the amount you’re borrowing plus interest and any fees. If you’re approved for the loan, you’ll receive the money in your account or as cash, depending on the lender’s policies.

You’ll be required to repay the loan in full on your next payday, which is usually within two to four weeks. If you’re unable to repay the loan on the due date, you may be able to roll over the loan by paying an additional fee. However, this can cause the total amount you owe to quickly snowball out of control. Late fees and other penalties may also apply if you miss the due date, so it’s important to carefully consider if this is the right option for you.

What Are the Requirements for Payday Loans in Cecilia, Kentucky?

The requirements for payday loans in Cecilia, Kentucky may vary depending on the lender. However, you’ll typically be required to meet the following criteria:

  • Be at least 18 years old
  • Have an active checking account
  • Show proof of income
  • Provide a valid ID

Some lenders may also require that you have a certain credit score or a specific debt-to-income ratio. Be sure to do your research and read all terms and conditions before agreeing to a loan.

What Are the Risks of Payday Loans?

While payday loans can be a convenient option for those who need cash quickly, there are several risks to be aware of. Here are a few to keep in mind:

  • High interest rates: Payday loans typically have much higher interest rates than traditional bank loans, sometimes reaching as high as 400% APR.
  • Short repayment period: You’ll be required to repay the loan in full on your next payday, which can be difficult if you’re already struggling financially.
  • Fees and penalties: If you roll over the loan or miss the due date, you may be subject to additional fees and penalties.
  • Debt cycle: Taking out multiple payday loans can quickly lead to a cycle of debt that’s difficult to escape from.

It’s important to carefully consider all your options and weigh the risks before taking out a payday loan.

Interesting Facts and Statistics about Payday Loans

  • Payday loans are banned in 15 states in the US, including New York, New Jersey, and Pennsylvania.
  • According to the Consumer Financial Protection Bureau, around 80% of payday loans are rolled over or renewed within two weeks.
  • Kentucky limits payday loans to no more than two outstanding loans per borrower at a time, with a total combined loan amount of $500.
  • A study by Pew Charitable Trusts found that the average payday loan borrower is in debt for five months out of the year, spending an average of $520 in fees to borrow $375.

Apply Now

If you’re considering a payday loan in Cecilia, Kentucky, remember that TheGuaranteedLoans is here to help. We connect borrowers with potential lenders, offering a convenient and efficient solution to your loan needs. Simply fill out our online application form, and we’ll do the rest. Keep in mind that we are a connector service, not a direct lender, and we’ll never charge you any fees for our service.

Remember to always read all terms and conditions carefully and weigh your options before agreeing to a loan.

F.A.Q.

What are the requirements to be eligible for a payday loan in Cecilia, Kentucky?

To be eligible for a payday loan in Cecilia, Kentucky, you must be at least 18 years old and have a valid government-issued ID and proof of income.

How long do I have to repay a payday loan in Cecilia, Kentucky?

Payday loans in Cecilia, Kentucky must be repaid within 60 days.