Payday Loans in David, Kentucky

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

Company nameAddressZip codePhone number
Hancock Bank & Trust Co 8280 US-60 W, Lewisport, KY 42351 +1 (270) 295 - 3713
Walmart Money Center 28402 US-119, Belfry, KY 41514
Fidelity Finance Inc 1207 Paris Rd, Mayfield, KY 42066 +1 (270) 251 - 8141
Lendmark Financial Services LLC 760 North Highway 27, Whitley City, KY 42653 +1 (606) 376 - 3644
Citizens National Bank - Nancy Branch 9140 W Hwy 80, Nancy, KY 42544 +1 (606) 636 - 4390
Cumberland Fast Cash Inc 409 Richmond Rd, Manchester, KY 40962 +1 (606) 599 - 9336
Cash Express 395 Richmond Rd, Irvine, KY 40336 +1 (606) 723 - 0161
Cash Express 213 S Mayo Trail Ste B, Pikeville, KY 41501 +1 (606) 218 - 1339
Eagle Finance 7791 Dixie Hwy Suite B, Florence, KY 41042 +1 (859) 525 - 9725
Cash Express 965 Hwy 25 23, Williamsburg, KY 40769 +1 (606) 539 - 0174

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in David, 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 Loan Without a Credit Check in Georgetown, KY, 24-Hour Loan in Hopkinsville, KY, Payday Loans in Louisville, KY, 24-Hour Loan in Owensboro, KY and Guaranteed 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 David, KY.

Are Payday Loans Legal In David, 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

David, KY payday loan calculator

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

If you’re strapped for cash and need a short-term solution to cover your expenses, a payday loan may be an option to consider. David, Kentucky residents who are in need of fast cash can take advantage of payday loans, which are legal in the state, subject to certain regulations. In this article, we’ll discuss everything you need to know about payday loans in David, Kentucky, including the benefits, regulations, and how to apply.

What Are Payday Loans?

A payday loan is a short-term loan that typically comes with a high interest rate and fee. These loans are meant to be repaid on the borrower’s next payday or within a few weeks. Payday loans are often obtained by people who need cash fast and may not be able to obtain traditional bank loans due to bad credit or non-existent credit history. In Kentucky, payday loans are legal, but with restrictions in place.

Benefits of a Payday Loan

There are several benefits of obtaining a payday loan, including:

  • Quick access to funds.
  • No credit check or collateral required.
  • Funding options for people without a bank account.
  • Flexible repayment terms.

However, it’s important to remember that payday loans come with high fees and interest rates, making them a costly option for borrowing money. Therefore, it’s important to carefully consider your options before applying for a payday loan.

Regulations in Kentucky

While payday loans are legal in Kentucky, there are restrictions in place to protect consumers from predatory lenders. In Kentucky, payday lenders are required to obtain a license from the Kentucky Department of Financial Institutions. Also, payday loan companies are not allowed to rollover a loan more than twice, meaning they cannot extend a loan past 60 days. Additionally, the maximum amount a borrower can obtain in a payday loan in Kentucky is $500, and the maximum fees allowed are $15 per $100 borrowed. These regulations are in place to protect consumers from the often-predatory practices of payday lenders.

Applying for a Payday Loan

If you’ve decided that a payday loan is the right option for you, it’s important to know how to apply. At TheGuaranteedLoans, we work with a network of lenders who can provide payday loans to residents of David, Kentucky. To apply for a payday loan through our network, simply fill out an online application on our website. We’ll then connect you with lenders who may be able to provide you with the funds you need.

Please keep in mind that we are not a direct lender, but rather we connect borrowers with potential lenders. Additionally, payday loans are not recommended as a long-term financial solution, and should only be used in emergency situations.

Interesting Facts and Statistics

Did you know that the average payday loan borrower takes out eight loans per year, with an average loan term of 18 days? In Kentucky, nearly 20% of residents have used payday loans at some point in their lives, according to a study by Pew Charitable Trusts. While payday loans can be a useful tool for some, it’s important to approach them with caution and prioritize repayment to avoid getting caught in a cycle of debt.

Conclusion

Payday loans can be a helpful solution for people who need fast cash for unexpected expenses. However, it’s important to remember that payday loans come with high fees and interest rates and are meant to be a short-term solution. For residents of David, Kentucky, payday loans are legal but with restrictions in place to protect consumers. At TheGuaranteedLoans, we connect borrowers with potential lenders who can provide payday loans, but we caution our customers to only use payday loans in emergency situations and to prioritize repayment to avoid getting trapped in a cycle of debt.

Apply Now

If you’re in need of cash fast, fill out an online application on our website today. We work with a network of lenders who may be able to provide you with the funds you need. Remember, applying does not guarantee approval, and payday loans should only be used in emergency situations. At TheGuaranteedLoans, we’re committed to helping you make informed financial decisions.

F.A.Q.

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

To be eligible for a payday loan in David, 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 David, Kentucky?

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