Payday Loans in Jackhorn, Kentucky

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

Company nameAddressZip codePhone number
Signet Federal Credit Union 1560 Lowes Dr, Murray, KY 42071 +1 (270) 708 - 4800
Mariner Finance 811 Taylorsville Rd, Shelbyville, KY 40065 +1 (502) 647 - 5404
Bluegrass Check Advance and Payday Loans 810 W Main St, Glasgow, KY 42141 +1 (270) 629 - 5717
First Financial Credit 10 West HWY 92, Williamsburg, KY 40769 +1 (606) 549 - 5504
Eagle Finance 2945 Scottsville Rd. Suite B14, Bowling Green, KY 42104 +1 (270) 936 - 8535
Community Trust Bank 1560 Hustonville Rd, Danville, KY 40422 +1 (859) 239 - 9460
First American Cash Advance 311 N Mayo Trail, Paintsville, KY 41240 +1 (606) 788 - 9282
PNC Bank 365 Parkway Plaza, Barbourville, KY 40906 +1 (606) 545 - 5006
Money Now 4408 Dixie Hwy, Louisville, KY 40216 +1 (502) 448 - 2355
Cash Tyme 2333 Versailles Rd, B, Lexington, KY 40504 +1 (859) 255 - 0080

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Jackhorn, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Florence, KY, Payday Loans in Georgetown, KY, Guaranteed Loans in Hopkinsville, KY, Bad Credit 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 Jackhorn, KY.

Are Payday Loans Legal In Jackhorn, 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

Jackhorn, KY payday loan calculator

Payday Loans in Jackhorn, Kentucky

Payday loans are a short-term financial solution for individuals who need cash fast. These loans are often taken out by people who need to cover emergency expenses or who are living paycheck to paycheck. While payday loans can be a helpful option in certain situations, they can also come with high interest rates and fees. If you live in Jackhorn, Kentucky and are considering a payday loan, it’s important to understand the regulations and risks involved.

What are payday loans?

Payday loans are small-dollar loans typically ranging from $100-$500. They are designed for short-term use and are usually paid back within two weeks to a month. Payday loans are often advertised as an easy way to access quick cash without the need for a credit check. However, they come with very high interest rates and fees, which can trap borrowers in a cycle of debt.

Payday loan regulations in Kentucky

In Kentucky, payday loans are legal but are subject to regulations. Check cashers are the only lenders who can legally offer payday loans in Kentucky. The maximum amount of a payday loan in Kentucky is $500, and the loan term cannot exceed 60 days. Lenders are also required to provide borrowers with a disclosure statement that outlines the interest rates and fees associated with the loan.

The risks of payday loans

While payday loans can be a helpful financial tool in certain situations, they come with significant risks. The high interest rates and fees associated with payday loans can make it difficult for borrowers to repay the loan on time, which can lead to a cycle of borrowing and debt. According to a recent study by the Consumer Financial Protection Bureau, more than four out of every five payday loans are rolled over or renewed within two weeks. This can lead to borrowers paying more in interest and fees than the original loan amount.

How to apply for a payday loan in Jackhorn, Kentucky

If you decide to take out a payday loan in Jackhorn, Kentucky, there are a few things you should know. First, it’s important to compare lenders and their fees to find the best deal. TheGuaranteedLoans can help connect you with potential lenders who can offer payday loans in Jackhorn.

It’s also important to read all loan terms and conditions carefully and make sure you understand all fees and interest rates. Make sure you can afford to repay the loan on time and in full to avoid additional fees and interest charges. Finally, be cautious of lenders who require you to provide collateral for the loan or who ask for your personal information before approving the loan.

Interesting facts and statistics about payday loans in Jackhorn, Kentucky

  • According to a recent study, the average interest rate on a payday loan in Kentucky is 391%. This is significantly higher than the national average.
  • In 2019, over $255 million was borrowed in payday loans in Kentucky.
  • Most payday loan borrowers in Kentucky are low-income individuals and families. Many of these borrowers are unable to access other forms of credit due to poor credit scores or lack of collateral.

Apply now for a payday loan in Jackhorn, Kentucky

TheGuaranteedLoans is here to help connect you with potential lenders who can offer you a payday loan in Jackhorn, Kentucky. Our online application process is quick and easy, and we work with reputable lenders who adhere to all state and federal regulations. Remember, payday loans are a short-term financial solution and should not be used as a long-term source of income. Apply now to see if you qualify for a payday loan in Jackhorn, Kentucky.

F.A.Q.

Can I cancel or void my payday loan in Jackhorn, Kentucky?

Yes, you have the right to cancel or void your payday loan within 14 days of signing the loan agreement in Jackhorn, Kentucky.

Can I be charged a penalty for prepaying my payday loan in Jackhorn, Kentucky?

No, you cannot be charged a penalty for prepaying your payday loan in Jackhorn, Kentucky.