Payday Loans in Center, Kentucky

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

Company nameAddressZip codePhone number
Mariner Finance 1577 US-68, Maysville, KY 41056 +1 (606) 375 - 4939
Chris's Auto Tech and Collision Center 413 N Dixie Hwy, Cave City, KY 42127 +1 (270) 773 - 3433
Quik Cash 462 E New Cir Rd, Lexington, KY 40505 +1 (859) 252 - 3811
Cash Express 1607 Midland Trail, Shelbyville, KY 40065 +1 (502) 633 - 3491
Woodforest Bank 301 Leonardwood Dr, Frankfort, KY 40601 +1 (502) 226 - 6364
Check For Cash Inc 4097 Nichols Park Dr 116, Lexington, KY 40503 +1 (859) 273 - 5599
The Cecilian Bank 1021 S Main St, Hartford, KY 42347 +1 (270) 298 - 7429
Check Into Cash 2945 B-9 Scottsville Rd, Bowling Green, KY 42104 +1 (270) 780 - 0024
First Financial Credit 102 Blairs Way, Louisa, KY 41230 +1 (606) 638 - 7737
Cash Express 805 Monmouth St, Newport, KY 41071 +1 (859) 291 - 0547

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Center, 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, Payday Loans in Louisville, KY, Quick 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 Center, KY.

Are Payday Loans Legal In Center, 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

Center, KY payday loan calculator

What You Need to Know About Payday Loans in Center, Kentucky

If you’re in need of quick cash and don’t have access to traditional banking loans, a payday loan might seem like an appealing option. In Center, Kentucky, payday loans are legal and are available through check cashers. But before you apply, it’s important to understand the pros and cons of these loans, as well as the regulations that govern them.

What Are Payday Loans?

Payday loans are high-interest, short-term loans that are typically due on your next payday. They are designed to provide temporary financial relief for people who cannot qualify for traditional loans or credit cards due to poor credit scores or other financial issues. Payday loans are often used to cover unexpected expenses such as medical bills or car repairs.

The Pros of Payday Loans

  • Quick and simple application process
  • Requirements for approval are less strict than traditional loans
  • Cash can be obtained within a day or two
  • Credit scores are not a major factor in determining eligibility

The Cons of Payday Loans

  • High interest rates and fees can result in a never-ending cycle of debt
  • Defaulting on a payday loan can result in legal action and damage to credit scores
  • Payday lenders have been known to engage in predatory lending practices
  • Payday loans are not a long-term solution to financial problems

Regulations in Kentucky

Kentucky state law requires payday lenders to be licensed and to follow certain regulations. Payday loans in Center, Kentucky are legal and regulated by the state.

The maximum loan amount is $500 and the loan term cannot exceed 60 days. Lenders are prohibited from charging interest rates that exceed 36% per year. There is also a limit to the number of loans a borrower can take out in a given period.

Interesting Facts and Statistics About Payday Loans in Center, Kentucky

  • In 2019, the average payday loan amount in Kentucky was $348.
  • According to a study by the Center for Responsible Lending, the average interest rate on a payday loan in Kentucky is 391%.
  • In 2019, Kentucky residents took out over 300,000 payday loans.

Apply Now

If you’re in need of a payday loan in Center, Kentucky, TheGuaranteedLoans can help. We are a connector service that can help you find potential lenders who may be able to provide the financial assistance you need. To get started, fill out our simple online application. Please note that TheGuaranteedLoans is not a direct lender. We facilitate connections between borrowers and potential lenders.

Remember, a payday loan should only be used as a short-term solution to financial problems. It’s important to carefully consider the pros and cons and ensure you can repay the loan before applying.

F.A.Q.

Are there any restrictions on the number of payday loans I can take out in Center, Kentucky?

Yes, you are only allowed to take out one payday loan at a time in Center, Kentucky.

Can I take out a payday loan if I have bad credit?

Yes, you can still take out a payday loan in Center, Kentucky even if you have bad credit.