Payday Loans in Lily, Kentucky

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

Company nameAddressZip codePhone number
Easy Money Shoppe 1014 Paris Rd, Mayfield, KY 42066 +1 (270) 247 - 2000
Bank of Edmonson County 156 S Main St 8129, Smiths Grove, KY 42171 +1 (270) 563 - 0001
Don Moore Nissan 4216 Frederica St, Owensboro, KY 42301 +1 (270) 926 - 2502
The Farmers Bank of Milton 2207 KY-53, La Grange, KY 40031 +1 (502) 225 - 6746
Republic Finance 3094 Richmond Rd Suite E-170, Lexington, KY 40509 +1 (859) 269 - 0366
Greenup County Federal CU 410 Belfonte St, Russell, KY 41169 +1 (606) 836 - 9932
Cash Advance Centers of KY 1000 E Lexington Ave #7, Danville, KY 40422 +1 (859) 936 - 7468
American Check Advance 1440 Nashville Rd # O, Franklin, KY 42134 +1 (270) 586 - 4500
Cash Express 1622 KY-160 1, Hindman, KY 41822 +1 (606) 785 - 9008
U.S. Bank ATM - Dawson Springs 119 S Main St, Dawson Springs, KY 42408 +1 (800) 872 - 2657

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lily, 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 Loan for Hopkinsville, KY, Payday 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 Lily, KY.

Beautiful sights of Lily, KY

Are Payday Loans Legal In Lily, 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

Lily, KY payday loan calculator

Payday Loans in Lily, Kentucky

Payday loans are a popular form of short-term lending that can be helpful for those in need of emergency cash. If you find yourself in need of quick funds in Lily, Kentucky, payday loans may be a viable option for you. In this article, we’ll take a closer look at how payday loans work in Lily, Kentucky, and what you can expect if you decide to apply.

What are Payday Loans?

Payday loans are short-term loans typically designed to cover unexpected expenses, such as medical bills, car repairs, or overdue bills. In many cases, payday loans are used by individuals who are unable to secure other forms of credit, such as a personal loan or credit card. These loans are meant to be repaid on the borrower’s next payday, hence the name “payday loans.”

Legal Status of Payday Loans in Lily, Kentucky

Payday loans are legal in Kentucky, but there are regulations in place to protect borrowers from excessive interest rates and other predatory lending practices. The Kentucky Department of Financial Institutions provides oversight and regulation of payday lenders in the state.

It’s important to note that while payday loans are legal in Kentucky, there are limitations to the amount a borrower can take out. In Kentucky, borrowers are not allowed to take out more than two payday loans at a time, and the total amount borrowed cannot exceed $500. Additionally, lenders cannot charge more than $15 per $100 borrowed in fees.

How to Apply for a Payday Loan in Lily, Kentucky

If you’re considering a payday loan in Lily, Kentucky, the first step is to find a reputable lender. TheGuaranteedLoans is a valuable resource for finding lenders offering payday loans in Kentucky. Our website allows you to compare rates and terms from multiple lenders and submit an application online.

Before applying for a payday loan, it’s important to understand the terms and conditions of the loan, including the interest rate and any fees associated with the loan. You should also verify that the lender is licensed to operate in Kentucky, and that they comply with all relevant regulations and laws.

The Benefits of Payday Loans

Payday loans can be a helpful source of quick cash when you’re in a tight spot. One of the key benefits of payday loans is the ease and convenience of the application process. Unlike traditional loans, which may require extensive documentation and a lengthy approval process, payday loans can often be approved within hours.

Additionally, payday loans do not typically require collateral, which means you don’t have to put up your car or house as security for the loan. This can be a huge advantage for those who don’t have valuable assets to use as collateral.

The Risks of Payday Loans

While payday loans can be helpful in certain situations, they do come with a number of risks that borrowers should be aware of. The high interest rates and fees associated with payday loans can make it difficult to repay the loan on time, which can result in even more fees and penalties.

Additionally, payday loans can lead to a cycle of debt if borrowers are not careful. If you find yourself in need of a payday loan to cover basic expenses, it may be time to re-evaluate your financial situation and explore other options for long-term financial stability.

Interesting Facts and Statistics about Payday Loans in Lily, Kentucky

  • The average payday loan amount in Kentucky is $350.
  • Payday lenders in Kentucky are required to provide borrowers with a disclosure statement that includes all fees and terms of the loan.
  • In 2019, Kentucky payday lenders issued over 500,000 loans, totaling more than $200 million in loans.

Apply Now with TheGuaranteedLoans

If you’re in need of emergency funds in Lily, Kentucky, TheGuaranteedLoans can help you find a payday lender that meets your needs. Our online application process is quick and easy, and we work with a network of trusted lenders to help you get the funds you need as soon as possible.

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We are committed to helping our clients find the best lending solutions for their needs, while providing valuable information and resources to help them make informed financial decisions.

Apply now to explore your options for payday loans in Lily, Kentucky. Our application process is secure, fast, and hassle-free.

F.A.Q.

Can I be sued or have my wages garnished if I default on my payday loan in Lily, Kentucky?

Yes, you can be sued or have your wages garnished if you default on your payday loan in Lily, Kentucky.

Are there any consumer protection laws for payday loans in Lily, Kentucky?

Yes, Kentucky has consumer protection laws for payday loans that regulate the terms and conditions of these loans.