Payday Loans in Lone, Kentucky

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

Company nameAddressZip codePhone number
WesBanco Bank 164 Fairfield Ave, Bellevue, KY 41073 +1 (859) 491 - 5510
Danville Financial Services Inc 905 Hustonville Rd 6, Danville, KY 40422 +1 (859) 936 - 7277
Lendmark Financial Services LLC 3786 US-27, Somerset, KY 42501 +1 (606) 678 - 7171
BB&T 2024 KY-53, La Grange, KY 40031 +1 (502) 222 - 0025
Cash Advance Centers of KY 3333 Court St, Suite 3, Catlettsburg, KY 41129 +1 (606) 739 - 0224
United States Postal Service 145 W Russell St, Elkhorn City, KY 41522 +1 (800) 275 - 8777
Advance America 1531 Paris Pike, Georgetown, KY 40324 +1 (502) 867 - 0380
Kentucky Bank 939 US-27, Cynthiana, KY 41031 +1 (859) 234 - 3363
Eagle Finance 104 Northgate Drive 2, Frankfort, KY 40601 +1 (502) 352 - 2225
Par Finance Inc 5134 Hinkleville Rd # E, Paducah, KY 42001 +1 (270) 575 - 9060

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Lone, 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

Lone, KY payday loan calculator

Understanding Payday Loans in Lone, Kentucky

When you need quick cash to cover unexpected expenses, medical bills, or any other urgent needs, payday loans can provide a convenient solution. In Lone, Kentucky, payday loans are a popular financial product. However, it’s essential to understand the basics before taking out this type of loan.

What Are Payday Loans?

A payday loan, also known as a cash advance loan or a check advance loan, is a short-term loan secured against your next paycheck. Typically, payday loans are intended to cover cash shortages until your next paycheck arrives. They often have high-interest rates and fees, making them a costly form of credit.

How Do Payday Loans Work in Lone, Kentucky?

In Kentucky, payday lending is legal but applies only to check cashers. Lenders can provide a loan of up to $500 with a term of up to 14 days. The maximum finance charge in Kentucky is $15 per every $100 borrowed, and the annual percentage rate can be up to 460% for a two-week loan.

To apply for a payday loan in Lone, Kentucky, you need to be at least 18 years old and have a regular source of income. You’ll need to provide your name, contact information, income details, and checking account information. Some lenders may also require proof of residence and a post-dated check or automatic bank account access to repay the loan.

Are Payday Loans Right For You?

Before taking out a payday loan in Lone, Kentucky, it’s essential to consider whether it’s the right choice for your financial situation. Payday loans can be tempting due to their quick approval and accessibility, but they come with high-interest rates and fees that can make them difficult to pay back.

If you’re struggling with debt or already have outstanding loans or bills, a payday loan may only worsen your financial situation. It’s best to explore other alternatives, such as personal loans, credit cards, or asking friends and family for help.

Apply Now for a Payday Loan in Lone, Kentucky

If you’ve decided that a payday loan is the right choice for your financial needs, you can apply for one on TheGuaranteedLoans website. We are a lending connector service, and we work with a network of trusted lenders who can offer you competitive rates and terms. Our online application is quick and straightforward, and you can receive an instant decision.

Just remember that payday loans should be used for emergencies and should be repaid as soon as possible to avoid any additional fees or interest charges. We encourage you to borrow responsibly and to consider alternative sources of funding for your ongoing financial needs.

Interesting Facts About Payday Loans in Lone, Kentucky

  • According to the Kentucky Office of Financial Institutions, there were more than 2.5 million payday loans issued for a total of $1.2 billion in 2019.
  • The average payday loan amount in Kentucky is $350.
  • The Kentucky Coalition for Responsible Lending reports that the average annual percentage rate for payday loans in Kentucky is 391%, the second-highest rate in the country.
  • Some payday lenders in Kentucky offer installment loans with longer repayment terms but often at higher interest rates. These loans can trap borrowers in a cycle of debt if they’re unable to repay them on time.

Conclusion

Payday loans can provide a quick and easy solution to financial emergencies. In Lone, Kentucky, check cashers can legally offer payday loans with terms of up to 14 days and finance charges of up to $15 per $100 borrowed. However, it’s important to borrow responsibly and consider alternatives like personal loans or credit cards. If you’re interested in a payday loan, you can apply through TheGuaranteedLoans website and receive competitive rates and terms from our network of trusted lenders.

Remember, payday loans should be used for emergencies only and repaid as soon as possible to avoid any additional fees or interest charges. Always read and understand the terms and conditions of your loan before you agree to it, and never borrow more than you can afford to repay.

F.A.Q.

Can I apply for a payday loan if I am on active military duty in Lone, Kentucky?

Yes, individuals on active military duty are eligible to apply for payday loans in Lone, Kentucky. However, there are special protections in place for military members, so be sure to inform the lender if you are on active duty.

Are there any restrictions on the interest rate for payday loans in Lone, Kentucky?

Yes, the maximum interest rate for payday loans in Lone, Kentucky is 390% APR.