Payday Loans in Kimper, Kentucky

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

Company nameAddressZip codePhone number
Advance America 650 S Hwy 27 Loop 3 #2, Somerset, KY 42501 +1 (606) 677 - 6632
Heights Finance Corporation 130 Walton Ave, Bowling Green, KY 42104 +1 (270) 843 - 6002
Community Trust Bank 105 Northgate Dr, Pikeville, KY 41501 +1 (606) 437 - 3323
Check Advance 276 Cassidy Blvd Suite 1, Pikeville, KY 41501 +1 (606) 437 - 0016
First National Bank of Grayson 168 Railroad St, Olive Hill, KY 41164 +1 (606) 286 - 2300
Cash Express 2033B US-41, Henderson, KY 42420 +1 (270) 869 - 1666
LHome 1126 Berry Blvd, Louisville, KY 40215 +1 (502) 882 - 8091
United Bank 3285 Main St, Stamping Ground, KY 40379 +1 (502) 535 - 6221
Bank of Jamestown 2215 N Main St, Jamestown, KY 42629 +1 (270) 343 - 3186
Diane J Moats CPA 154 Vincent St, Smiths Grove, KY 42171 +1 (270) 563 - 9944

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Kimper, 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, Payday Loans in Louisville, KY, Payday Loan for 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 Kimper, KY.

Payday Loans Available in Kimper, KY By The Following ZIP Codes:

41539

Are Payday Loans Legal In Kimper, 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

Kimper, KY payday loan calculator

The Ins and Outs of Payday Loans in Kimper, Kentucky

Payday loans can be a helpful financial tool for those who need short-term access to cash. If you find yourself in a financial bind and need to pay bills or cover an unexpected expense, a payday loan may be a good option to consider. However, it’s important to understand the details of payday loans before taking one out.

How do Payday Loans Work?

Payday loans are short-term loans that typically must be paid back within two weeks to a month. When you apply for a payday loan, you’ll be asked to provide proof of income and identification. The lender will then give you the cash you need, plus interest and fees. The total amount you’ll owe on the loan will be due by your next payday.

It’s important to note that payday loans typically have very high-interest rates and fees, making them an expensive way to borrow money. In Kentucky, check cashers are the only organizations authorized to offer payday loans, and they are subject to regulatory restrictions and laws.

What are the Legal Requirements for Payday Loans in Kimper, Kentucky?

As mentioned earlier, payday loans offered by check cashers are legal in Kentucky. However, there are legal requirements that must be met to ensure that lenders operate responsibly.

  • The maximum loan amount is $500
  • The loan term cannot exceed 60 days
  • The lender cannot charge more than $15 per $100 borrowed in fees

Benefits and Risks of Payday Loans in Kimper, Kentucky

As with any financial product, there are pros and cons to consider before taking out a payday loan.

Benefits

  • Quick access to funds
  • No credit check required
  • May be helpful in emergency situations

Risks

  • High-interest rates and fees
  • Can lead to a cycle of debt and financial instability
  • May be used by lenders to take advantage of vulnerable borrowers

Interesting Facts and Statistics About Payday Loans in Kimper, Kentucky

  • According to the Kentucky Coalition for Responsible Lending, the average payday loan borrower takes out 10 loans per year.
  • 71% of Kentucky payday loan customers use the funds for recurring expenses such as groceries and utilities.
  • Between 2012 and 2017, the number of payday loan locations in Kentucky increased by 24%.

Apply Now

If you’re considering a payday loan, it’s important to remember that TheGuaranteedLoans is a connector service, not a direct lender. We can connect you with potential lenders who can provide you with the cash you need. Simply fill out our online application to get started.

Remember, payday loans can be an expensive way to borrow money. Be sure to read the terms and conditions carefully before taking out a loan to make sure you understand the fees and interest rates you’ll be charged. If you’re unsure whether a payday loan is right for you, it may be helpful to speak with a financial advisor or credit counselor.

F.A.Q.

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

Yes, there are several alternatives to payday loans in Kimper, 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 Kimper, Kentucky?

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