Payday Loans in Drift, Kentucky

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

Company nameAddressZip codePhone number
Advance U Cash 58 Carothers Rd, Newport, KY 41071 +1 (859) 491 - 8885
U.S. Bank ATM - Paducah Downtown 333 Broadway St, Paducah, KY 42001 +1 (800) 872 - 2657
Magnolia Bank Inc 4910 S L and N Turnpike, Magnolia, KY 42757 +1 (270) 324 - 3226
CNS Quickcash 325 S Central Ave, Campbellsville, KY 42718 +1 (270) 465 - 2522
Check Into Cash 3314 Preston Hwy #102, Louisville, KY 40213 +1 (502) 636 - 0222
First Kentucky Bank 1331 N Main St, Beaver Dam, KY 42320 +1 (270) 274 - 3381
Cash Tyme 2333 Versailles Rd, B, Lexington, KY 40504 +1 (859) 255 - 0080
First American Cash Advance 6661 Dixie Hwy 5, Louisville, KY 40258 +1 (502) 937 - 5186
Mariner Finance 811 Taylorsville Rd, Shelbyville, KY 40065 +1 (502) 647 - 5404
Check Advance 276 Cassidy Blvd Suite 1, Pikeville, KY 41501 +1 (606) 437 - 0016

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Drift, KY, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Florence, KY, Payday Loan Companies in Georgetown, KY, Payday Loan Without a Credit Check in Hopkinsville, KY, Payday Loan for Louisville, KY, Payday Loan Without a Credit Check 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 Drift, KY.

Are Payday Loans Legal In Drift, 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

Drift, KY payday loan calculator

Payday Loans in Drift, Kentucky: What You Need to Know

Payday loans can be a helpful resource for those who need quick cash. In Drift, Kentucky, payday loans are legal, but only for check cashers. If you’re considering a payday loan in Drift, here’s what you need to know.

What is a Payday Loan?

A payday loan is a short-term loan with a high-interest rate designed to help people get through until their next payday. These loans are usually for small amounts, and the borrower is expected to pay back the loan with interest in a lump sum on their next payday. In Drift, Kentucky, the maximum amount of a payday loan is $500, and the loan term cannot exceed 60 days.

How Do Payday Loans Work in Drift, Kentucky?

To get a payday loan in Drift, Kentucky, you must be at least 18 years old and have a job or a source of income. You will need to provide proof of income, such as a pay stub or bank statement, and a valid ID. Once you are approved, you will receive cash or a check for the loan amount, and the lender will hold onto your post-dated check until the loan is due.

It’s important to note that payday loans in Drift, Kentucky are only legal for check cashers. This means that if you want to get a payday loan, you will need to go to a business that specializes in cashing checks, rather than a traditional lender or bank.

What Are the Benefits of Payday Loans?

One of the main benefits of payday loans is that they are quick and easy to obtain, especially if you have an urgent need for cash. Unlike traditional loans, you don’t need to have a good credit score to get approved for a payday loan. Payday loans can also be helpful if you have an unexpected expense, such as a medical bill or car repair, and don’t have the funds to cover it.

What Are the Risks of Payday Loans?

One of the biggest risks of payday loans is the high-interest rates. In Drift, Kentucky, the maximum interest rate for a payday loan is 459%, which can make it difficult to pay back the loan in a timely manner. If you are unable to pay back the loan on time, you may be charged additional fees, which can quickly add up.

Payday loans can also be a cycle of debt, as borrowers may take out another loan to pay off the first loan, and so on. This can lead to a never-ending cycle of debt and financial instability.

Interesting Facts and Statistics About Payday Loans in Drift, Kentucky

  • In Kentucky, the average loan amount for a payday loan is $341
  • 60% of payday loan borrowers in Kentucky are female
  • Payday lenders in Kentucky are required to provide borrowers with a written agreement that includes the loan amount, interest rate, and other important terms
  • The maximum amount of interest that can be charged on a payday loan in Kentucky is $15 per $100 borrowed

Apply Now

If you’re considering a payday loan in Drift, Kentucky, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application, and we’ll facilitate your connection with lenders who may be able to help you get the cash you need.

It’s important to note that TheGuaranteedLoans is a connector service, not a direct lender. We do not make decisions about loans or credit, and we do not have access to information about your credit score or credit history. However, we can help connect you with potential lenders who may be able to provide you with the loan you need.

Remember, payday loans should be used as a last resort, and only if you have a plan in place to pay back the loan on time. If you’re unsure if a payday loan is right for you, consider speaking with a financial advisor or credit counselor.

F.A.Q.

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

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

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

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