Payday Loans in Kenton, Kentucky

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

Company nameAddressZip codePhone number
Bedford Loan & Deposit 36 Pendleton Rd, Sulphur, KY 40070 +1 (502) 743 - 0200
Best Financial Services Inc 325 E Main St, Campbellsville, KY 42718 +1 (270) 789 - 3223
Cash Express 111 Newman Drive, Eddyville, KY 42038 +1 (270) 601 - 5056
Check Into Cash 4917 Dixie Hwy k, Louisville, KY 40216 +1 (502) 447 - 0773
Central Kentucky Ag Credit 1000 Ival James Blvd, Richmond, KY 40475 +1 (859) 623 - 1624
U.S. Bank Branch 119 S Main St, Dawson Springs, KY 42408 +1 (270) 797 - 2976
River City Pawn 202 S Main St, Leitchfield, KY 42754 +1 (270) 259 - 4047
Check Advance - Closed 1203 Skyline Dr, Hopkinsville, KY 42240 +1 (270) 885 - 4585
Cash Express 447 Lexington Rd, Versailles, KY 40383 +1 (859) 879 - 6265
Eagle Finance 317 S 1st St, La Grange, KY 40031 +1 (502) 222 - 8868

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Kenton, KY, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Florence, KY, Bad Credit Loans in Georgetown, KY, Short-term 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 Kenton, KY.

Beautiful sights of Kenton, KY

Are Payday Loans Legal In Kenton, 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

Kenton, KY payday loan calculator

Payday Loans in Kenton, Kentucky

Are you in need of quick access to cash? Do you live in Kenton, Kentucky? If so, then you may have considered taking out a payday loan. A payday loan is a type of short-term loan that can provide you with the cash you need to cover unexpected expenses before your next paycheck. However, before you decide to take out a payday loan, you should understand the laws and regulations surrounding these types of loans in Kenton, Kentucky.

Legal Status of Payday Loans in Kenton, Kentucky

The state of Kentucky allows payday loans, but only check cashers are permitted to offer these types of loans. The terms and conditions of payday loans in Kentucky are regulated by the Kentucky Revised Statutes (KRS). The KRS sets limits on the amount of money that can be borrowed, the fees that can be charged, and the length of time for repayment.

How Do Payday Loans Work?

When you take out a payday loan, you borrow a small amount of money, usually between $100 and $500. The lender will charge a fee for the loan, typically around $15 for every $100 borrowed. The loan must be repaid within a short period, usually within two weeks or by the time of your next paycheck.

The Risks of Payday Loans

While payday loans can provide you with quick access to cash, they come with high-interest rates and fees. If you cannot repay the loan within the specified time, then the fees and interest can quickly add up, trapping you in a cycle of debt. Moreover, payday lenders often target low-income individuals, leading to a predatory lending environment.

Alternatives to Payday Loans

If you need quick access to cash, there are alternative options to consider. You can apply for a personal loan from a bank or credit union. These loans typically come with lower interest rates and more extended repayment terms than payday loans. Another option is a cash advance on your credit card, but be aware of the high-interest rates and fees associated with these types of loans.

Interesting Facts and Statistics About Payday Loans in Kenton, Kentucky

  • Kenton, Kentucky has a population of approximately 16,000 residents.
  • In Kentucky, the average payday loan is around $375, with an average fee of $55 per loan.
  • The Kentucky State Legislature passed laws in 2010 that created a database to track payday loan activity, helping to prevent consumers from being trapped in a debt cycle.

Apply Now

If you live in Kenton, Kentucky and are considering a payday loan, TheGuaranteedLoans can help connect you with potential lenders. Apply now to get started and receive the cash you need to cover unexpected expenses. Please note that TheGuaranteedLoans is a connector service and not a direct lender. We advise that you carefully review all terms and conditions before accepting any loan offer.

In conclusion, while payday loans can provide quick access to cash, they come with high-interest rates and fees. It’s crucial to understand the laws and regulations surrounding payday loans in Kenton, Kentucky and consider alternative options before taking out a loan.

F.A.Q.

Is there a cooling-off period between payday loan payments in Kenton, Kentucky?

Yes, there is a mandatory cooling-off period of at least 7 days between payday loan payments in Kenton, Kentucky.

Can I be charged additional fees for late or missed payments on my payday loan in Kenton, Kentucky?

Yes, you may be charged additional fees for late or missed payments on your payday loan in Kenton, Kentucky.