Payday Loans in Holland, Kentucky

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

Company nameAddressZip codePhone number
J & E Investments 624 N 3rd St 102, Bardstown, KY 40004 +1 (270) 300 - 8777
Zippi Cash Advance 609 Park Plaza Dr, Owensboro, KY 42301 +1 (270) 689 - 2411
World Finance 840 Main St S, McKee, KY 40447 +1 (606) 552 - 0030
U.S. Bank ATM - Dawson Springs 119 S Main St, Dawson Springs, KY 42408 +1 (800) 872 - 2657
Heights Finance Corporation 1560 Hustonville Rd, Danville, KY 40422 +1 (859) 936 - 0248
World Finance 144 Parkway Plaza Loop, Whitesburg, KY 41858 +1 (606) 633 - 9600
ABC Finance Inc 1175 S Main St, Madisonville, KY 42431 +1 (270) 825 - 1211
Checks Etc 650 U.S. 31 W Bypass, Bowling Green, KY 42103 +1 (270) 843 - 4435
Gold City Funding 913 N Wilson Rd, Radcliff, KY 40160 +1 (270) 300 - 8777
Mariner Finance 300 Mill St Suite 100, Leitchfield, KY 42754 +1 (270) 287 - 9021

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Holland, KY, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Florence, KY, Payday Loan Companies in Georgetown, KY, No Credit Check Loans in Hopkinsville, KY, 24-Hour Loan in Louisville, KY, Guaranteed Loans in Owensboro, KY and 24-Hour Loan 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 Holland, KY.

Are Payday Loans Legal In Holland, 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

Holland, KY payday loan calculator

Payday Loans in Holland, Kentucky: A Comprehensive Guide

When unexpected expenses come up and you need a quick cash solution, a payday loan can seem like a good option. However, it’s important to understand the regulations and restrictions surrounding payday loans in your state. In this guide, we’ll dive into what you need to know about payday loans in Holland, Kentucky, including their legality, restrictions, and alternatives.

Are Payday Loans Legal in Holland, Kentucky?

Yes, payday loans are legal in Holland, Kentucky, as long as they are provided by check cashers and comply with the state’s regulations. Kentucky Revised Statutes Ann. §§ 286.9.010 et seq. governs payday lending in Kentucky, and the state requires payday lenders to obtain a license in order to operate.

The Restrictions on Payday Loans in Holland, Kentucky

While payday loans are legal in Kentucky, the state places certain restrictions on them to protect consumers from predatory lending practices. Here are some of the regulations surrounding payday loans in Holland, Kentucky:

  • The maximum loan amount is $500
  • The maximum loan term is 14 days
  • Lenders cannot charge more than $15 per $100 borrowed in fees
  • Borrowers can only have two outstanding payday loans at a time, and they cannot roll over their loans or take out a new one to pay off an existing one.
  • Lenders must disclose all fees and charges associated with the loan, including the annual percentage rate (APR).

The Pros and Cons of Payday Loans

Before you consider taking out a payday loan, it’s important to weigh the pros and cons:

Pros

  • Quick access to funds when you need them
  • No credit check required
  • Easy approval process

Cons

  • High fees and interest rates
  • Short repayment terms
  • Risk of falling into a debt cycle
  • May not solve underlying financial problems

Alternatives to Payday Loans in Holland, Kentucky

If you’re considering a payday loan but are concerned about the potential pitfalls, here are some alternatives to consider:

  • Personal loans: Many banks and credit unions offer personal loans with better rates and terms than payday loans. However, you’ll need good credit to qualify.
  • Credit counseling: If you’re struggling with debt, credit counseling can help you develop a budget and a repayment plan.
  • Negotiate with creditors: If you’re unable to make payments on your existing debts, try negotiating with your creditors to work out a payment plan.

Fascinating Facts About Payday Loans in Holland, Kentucky

  • In 2020, the payday loan debt in Kentucky exceeded $184.2 million
  • Since 2009, Kentucky has had a 200% increase in payday lenders and payday lending locations.
  • Kentucky is among 36 states that restrict the annual percentage rate that lenders can charge for payday loans.

Apply Now for a Payday Loan in Holland, Kentucky

If you find that a payday loan is the right option for you, TheGuaranteedLoans can connect you with lenders who are willing to provide you with funds. Our online application process is quick and easy, and we work with a number of lenders to get you the best terms and rates possible. Remember, we are a connector service, not a direct lender, and we do not make lending decisions or offer credit.

Apply now on our website and get connected with potential lenders today!

F.A.Q.

Are payday loans legal in Holland, Kentucky?

Yes, payday loans are legal in Holland, Kentucky.

What is the maximum loan amount I can borrow in Holland, Kentucky?

The maximum loan amount you can borrow in Holland, Kentucky is $500.