Payday Loans in Hagerhill, Kentucky

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

Company nameAddressZip codePhone number
U.S. Bank Branch 5531 Reidland Rd, Paducah, KY 42003 +1 (270) 898 - 5110
First State Bank 240 1st Ave, Irvington, KY 40146 +1 (270) 547 - 2271
City National Bank 119 N Main Cross St, Louisa, KY 41230 +1 (606) 638 - 4579
Community Trust Bank 38720 KY-194, Phelps, KY 41553 +1 (606) 456 - 8701
Walmart Money Center 28402 US-119, Belfry, KY 41514
Morgantown Bank & Trust ATM 1308 S Main St, Morgantown, KY 42261 +1 (270) 526 - 3881
Heritage Bank 1601 N 12th St, Murray, KY 42071 +1 (270) 767 - 2000
Raymond James Financial Services 138 N Main St, Russellville, KY 42276 +1 (270) 726 - 5600
Check Into Cash 4046 Fort Campbell Blvd, Hopkinsville, KY 42240 +1 (877) 244 - 8254
City National Bank 698 US HWY 27 S, Cynthiana, KY 41031 +1 (859) 234 - 3100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hagerhill, 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, Short-term 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 Hagerhill, KY.

Are Payday Loans Legal In Hagerhill, 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

Hagerhill, KY payday loan calculator

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

Are you experiencing a financial emergency and need cash fast? If you’re in Hagerhill, Kentucky, you may be wondering if a payday loan is a good option for you. Payday loans are short-term loans designed to help you cover unexpected expenses until your next payday. While payday loans may seem like a quick and easy solution, it’s essential to understand how they work and the potential risks before you apply.

Payday Loans in Kentucky

In Kentucky, payday loans are legal but only for check cashers. That means, if you’re looking for a payday loan in Hagerhill, you’ll need to find a check cashing store that offers these loans. These stores provide short-term cash loans of up to $500 with a term of no less than 14 days and no more than 60 days.

While payday loans are legal in Kentucky, there are certain restrictions that lenders must follow. For example, lenders cannot charge more than $15 per $100 borrowed. So, if you borrow $500, the total amount of fees and interest cannot exceed $75. Additionally, payday lenders cannot rollover or refinance loans, and they are required to provide a written agreement outlining all the terms and fees of the loan.

The Pros and Cons of Payday Loans

Payday loans can provide a quick solution to a short-term financial emergency. However, they have many risks and potential drawbacks that you need to consider. Here are some of the pros and cons of payday loans:

Pros:

  • Quick and easy application process
  • No credit check required
  • Funds can be deposited directly into your checking account

Cons:

  • High interest rates and fees (up to $15 per $100 borrowed)
  • Short repayment terms (usually 14-30 days)
  • Can lead to a cycle of debt if you can’t repay the loan on time
  • May damage your credit score if you default on the loan

Interesting Facts About Payday Loans in Hagerhill, Kentucky

Did you know that payday loans are the most expensive way to borrow money? According to the Consumer Financial Protection Bureau, the typical payday loan borrower is in debt for five months out of the year and pays $520 in fees and interest for the privilege of borrowing $375.

In Kentucky, the average payday loan is $340, and the average borrower takes out eight loans per year. This means that payday lenders in Kentucky make $89 million in fees annually.

Apply Now for a Payday Loan in Hagerhill, Kentucky

If you’re facing a financial emergency and need cash fast, a payday loan may be a good option for you. However, it’s essential to borrow responsibly and only what you can afford to repay. At TheGuaranteedLoans, we help connect you with potential lenders who can provide you with a payday loan in Hagerhill, Kentucky. Our process is simple, secure, and fast. Apply now and get the cash you need today!

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of lenders and lending partners to help you find the best loan option for your needs.

F.A.Q.

Are there any alternatives to payday loans in Hagerhill, Kentucky?

Yes, there are several alternatives to payday loans in Hagerhill, Kentucky, such as small personal loans, credit union loans, or borrowing from friends or family.

What should I do if I am unable to repay my payday loan in Hagerhill, Kentucky?

If you are unable to repay your payday loan in Hagerhill, Kentucky, you should contact your lender immediately and discuss your options, such as negotiating a payment plan or seeking financial counseling.