Payday Loans in LaFayette, Kentucky

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Peoples Bank 230 Bert T Combs Mountain Pkwy, Salyersville, KY 41465 +1 (606) 349 - 7520
Advance America 3333 Frederica St #3, Owensboro, KY 42301 +1 (270) 684 - 6408
Cash Express 5171 N Mayo Trail, Pikeville, KY 41501 +1 (606) 437 - 1622
First Financial Bank 660 Main St, Benton, KY 42025 +1 (270) 527 - 4353
Community Trust Bank 211 W Russell St, Elkhorn City, KY 41522 +1 (606) 754 - 5589
Bluegrass Check Advance and Payday Loans 100 Madison Square Dr, Madisonville, KY 42431 +1 (270) 821 - 1616
Mariner Finance 451 Jordan Dr f2, Paducah, KY 42001 +1 (270) 534 - 0769
Cash A Check 1406 Hustonville Rd, Danville, KY 40422 +1 (859) 236 - 9796
Cash Express 1832 N Main St, Beaver Dam, KY 42320 +1 (270) 274 - 8232
Check Into Cash 120-A Brighton Park Blvd, Frankfort, KY 40601 +1 (502) 695 - 8360

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in LaFayette, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Florence, KY, Same Day Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, Quick Loan in Louisville, KY, Payday Loan Without a Credit Check in Owensboro, KY and Short-term 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 LaFayette, KY.

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

42254

Are Payday Loans Legal In LaFayette, 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

LaFayette, KY payday loan calculator

Payday Loans in LaFayette, Kentucky

Payday loans are a type of short-term loan that can be used to cover unexpected expenses. In Kentucky, payday loans are legal, but only for check cashers. For residents of LaFayette, Kentucky, payday loans can provide financial relief when unexpected expenses arise. In this article, we will discuss the essential information you need to know about payday loans in LaFayette, Kentucky, from the application process to the regulations surrounding these loans.

The Application Process

Applying for a payday loan in LaFayette, Kentucky, is a straightforward process. First, the borrower must provide proof of income, proof of identity, and a post-dated check for the loan amount plus fees. Next, the lender will evaluate the borrower’s financial situation and determine the loan amount. Once the loan is approved, the funds are typically deposited into the borrower’s bank account within a few business days.

Regulations and Laws in Kentucky

Payday loans are regulated in Kentucky, and the law requires lenders to abide by specific guidelines. The maximum loan amount that a borrower can take out is $500, and the loan term cannot exceed 60 days. Additionally, lenders can charge a maximum of $15 for every $100 borrowed. Kentucky also has a mandatory cooling-off period, which means that borrowers must wait 24 hours after paying off a loan before taking out another one.

The Risks of Payday Loans

While payday loans can provide financial relief during tough times, there are also risks associated with these loans. The high-interest rates and short loan terms can lead to a cycle of debt for borrowers who are unable to repay the loan on time. Additionally, borrowers may be subject to fees and penalties if they are unable to repay the loan, which can add to their financial difficulties. It’s crucial to understand the risks associated with payday loans and only take out these loans if necessary and if the borrower can repay the loan on time.

Interesting Facts and Statistics

  • Between 2015 and 2019, the number of payday lenders in Kentucky decreased by 43 percent.
  • In 2019, 82,000 payday loans were taken out in Kentucky, totaling $325 million in loan volume.
  • The average payday loan in Kentucky is $339, and borrowers typically pay $17.65 in fees for every $100 borrowed.

Apply Now

If you’re considering a payday loan in LaFayette, Kentucky, TheGuaranteedLoans can help connect you with potential lenders. Our free service matches borrowers with lenders that fit their financial needs. Fill out our online application today to get started. Remember that TheGuaranteedLoans is not a direct lender and will not make lending decisions.

Remember, before taking out any loan, it’s essential to understand the terms and conditions of the loan and to only borrow what you can afford to repay. Consider all of your options and choose the one that works best for your financial situation.

F.A.Q.

Are there any restrictions on the number of payday loans I can take out in LaFayette, Kentucky?

Yes, you are only allowed to take out one payday loan at a time in LaFayette, Kentucky.

Can I take out a payday loan if I have bad credit?

Yes, you can still take out a payday loan in LaFayette, Kentucky even if you have bad credit.