Payday Loans in Grethel, Kentucky

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

Company nameAddressZip codePhone number
Cash Express 1202 N Main St, Beaver Dam, KY 42320 +1 (270) 274 - 8232
Cash Express 1413 S Dixie Blvd, Radcliff, KY 40160 +1 (270) 351 - 2767
Personal Finance Company 1223 Skyline Dr, Hopkinsville, KY 42240 +1 (270) 885 - 1771
First National Bank of Grayson 168 Railroad St, Olive Hill, KY 41164 +1 (606) 286 - 2300
Bluegrass Check Advance and Payday Loans 1563 U.S. 31 W Bypass, Bowling Green, KY 42101 +1 (270) 842 - 5252
Crossroads Cash Advance 284 Main St, Beattyville, KY 41311 +1 (606) 464 - 9250
Abound Credit Union 100 Kelly Dr, Bardstown, KY 40004 +1 (800) 285 - 5669
Easy Money Shoppe 5162 Hinkleville Rd, Paducah, KY 42001 +1 (270) 443 - 2999
Cash Tyme 962 Commercial Dr, Richmond, KY 40475 +1 (859) 626 - 4434
SunLendingUSA 1030 Monarch St STE 330, Lexington, KY 40513 +1 (859) 233 - 0143

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Grethel, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Florence, KY, Payday Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, Payday Loans in Louisville, KY, 24-Hour 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 Grethel, KY.

Are Payday Loans Legal In Grethel, 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

Grethel, KY payday loan calculator

In need of quick cash but have bad credit? Don’t worry, payday loans may be your solution. Payday loans are short-term loans that are often used to cover unexpected expenses before the borrower receives their next paycheck. In Grethel, Kentucky, payday loans are legal but only apply to check cashers. Here’s everything you need to know about payday loans in Grethel, Kentucky.

How Do Payday Loans Work in Grethel, Kentucky?

Payday loans are often easy to obtain, requiring minimal paperwork compared to traditional loans. Borrowers can apply for a loan online or in person at a check cashing store. The lender will ask for proof of income, such as a pay stub, and a state-issued ID or driver’s license. The borrower will also need to provide their checking account information. If approved, the lender will typically deposit the money into the borrower’s checking account.

The borrower will then be required to pay back the loan on their next payday. If they are unable to pay back the loan in full, some lenders in Kentucky may offer a repayment plan that allows borrowers to pay back the loan in installments. However, keep in mind that this may come with additional fees.

Interest Rates and Fees for Payday Loans in Grethel, Kentucky

In Kentucky, lenders are allowed to charge up to $15 for every $100 borrowed, with a maximum loan amount of $500. This amounts to an APR of around 391%. However, keep in mind that this rate can vary depending on the lender and loan terms.

Additionally, if a borrower fails to pay back the loan on time, the lender can charge late fees and additional interest. It’s important to carefully read the loan agreement and understand the terms before signing on.

Pros and Cons of Payday Loans in Grethel, Kentucky

Before taking out a payday loan, it’s important to consider the benefits and drawbacks.

Pros:

  • Easy to obtain
  • Can be used to cover unexpected expenses
  • Minimal paperwork
  • No collateral necessary

Cons:

  • High interest rates and fees
  • Short repayment period
  • Can lead to a cycle of debt
  • May not be the best long-term solution

Interesting Facts about Payday Loans in Grethel, Kentucky

  • The average payday loan in Kentucky is $371
  • In 2019, Kentucky enacted a law that caps interest rates on payday loans at 36%
  • In 2016, over 85,000 Kentuckians took out a payday loan

Apply Now

If you need a payday loan in Grethel, Kentucky, TheGuaranteedLoans can help. As a connector service, we can connect you with potential lenders who may be able to provide you with a loan. Click the “Apply Now” button to fill out an online application.

Please keep in mind that TheGuaranteedLoans is not a direct lender and cannot guarantee loan approval. We also recommend that borrowers carefully read the loan agreement and understand the terms before committing to a loan.

Conclusion

Payday loans in Grethel, Kentucky can provide quick cash to those in need, but they come with high interest rates and fees. It’s important to carefully consider the pros and cons before taking out a loan. Additionally, it’s crucial to only borrow what you can afford to pay back and to make payments on time to avoid accruing additional fees and interest.

F.A.Q.

Can I be sued or have my wages garnished if I default on my payday loan in Grethel, Kentucky?

Yes, you can be sued or have your wages garnished if you default on your payday loan in Grethel, Kentucky.

Are there any consumer protection laws for payday loans in Grethel, Kentucky?

Yes, Kentucky has consumer protection laws for payday loans that regulate the terms and conditions of these loans.