Payday Loans in Milford, Kentucky

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

Company nameAddressZip codePhone number
Check `n Go 208 S 2nd St, Central City, KY 42330 +1 (270) 757 - 0588
London Financial Services Inc 603 KY-192, London, KY 40741 +1 (606) 877 - 1968
Pulaski Financial Services Inc 84 Sycamore St, Burnside, KY 42519 +1 (606) 677 - 2735
Ky Check Advance 96 Power Dr, Pikeville, KY 41501 +1 (606) 437 - 9100
First Financial Credit 675 Monticello St # B, Somerset, KY 42501 +1 (606) 676 - 9600
Advance Check & Title 400 E Sycamore St, Williamsburg, KY 40769 +1 (606) 549 - 1888
River City Bank Check Vrfctn 250 KY-79, Irvington, KY 40146 +1 (270) 547 - 2691
Cash Express 1015 Monmouth St, Newport, KY 41071 +1 (859) 291 - 0547
Check Into Cash 222 S L Rogers Wells Blvd, Glasgow, KY 42141 +1 (270) 659 - 0615
Mariner Finance 2073 Lantern Ridge Dr 200, Richmond, KY 40475 +1 (859) 625 - 0770

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Milford, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Florence, KY, No Credit Check Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, Emergency Loan in Louisville, KY, Bad Credit Loans in Owensboro, KY and Bad Credit 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 Milford, KY.

Are Payday Loans Legal In Milford, 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

Milford, KY payday loan calculator

The Ins and Outs of Payday Loans in Milford, Kentucky

Payday loans, also known as cash advances, are short-term loans that are designed to help people who are in need of extra cash to cover their expenses until their next paycheck. These loans can be a good option for those who have an emergency expense or unexpected bill that they need to pay immediately.

In Kentucky, payday loans are legal, but only for check cashers. This means that traditional banks are not eligible to offer payday loans. However, there are many check cashers located in the area that are licensed to offer these loans. One of the areas where payday loans are popular is in Milford, Kentucky. In this article, we’ll take a closer look at payday loans in Milford, Kentucky and what you need to know before getting one.

How Do Payday Loans Work?

Payday loans are short-term loans that typically range from $100 to $500. They are designed to be repaid on your next payday, which is usually within two weeks. The fees associated with payday loans are generally higher than traditional loans, but they are intended to be a quick and easy solution for those who need money fast.

When you apply for a payday loan, you will need to provide the lender with proof of income and a valid bank account. They will then give you the loan amount you are eligible for, and you will need to repay the loan plus fees on your next payday.

What Are the Requirements to Get a Payday Loan in Milford, Kentucky?

In order to be eligible for a payday loan in Milford, Kentucky, you must be at least 18 years old and have a valid ID. You will also need to provide proof of income and a valid bank account. Additionally, you may be required to provide a post-dated check for the loan amount plus fees.

What Are the Benefits of Payday Loans?

One of the main benefits of payday loans is that they are easy to obtain. Many lenders do not require a credit check or collateral, which makes them a good option for those with poor credit or no credit. Additionally, payday loans can be a quick and easy solution for those who need cash immediately.

What Are the Risks of Payday Loans?

The main risk of payday loans is that they can be expensive. The fees associated with these loans can be high, which means that you may end up paying more than you borrowed. Additionally, if you are unable to repay the loan on your next payday, you could end up in a cycle of debt that is difficult to escape.

Interesting Facts and Statistics about Payday Loans in Milford, Kentucky

  • In 2019, there were approximately 563 payday loan locations in Kentucky.
  • The average payday loan in Kentucky is $350, and the average fees associated with these loans is $104.
  • Over 82,000 Kentuckians took out a payday loan in 2019.
  • Payday lenders in Kentucky are required to be licensed by the Department of Financial Institutions.

Apply Now!

If you are in need of a payday loan in Milford, Kentucky, TheGuaranteedLoans is here to help. We are a connector service that can connect you with potential lenders in your area. Fill out our online application today to get started. Please note that TheGuaranteedLoans is not a direct lender and we do not make credit decisions. Our service is free to use and we will work to connect you with the right lender for your needs.

Be sure to only take out what you need and are able to repay. Payday loans can be an effective way to get quick cash in a bind, but they should be used with caution. Be aware of the fees associated with the loan, and always read the terms and conditions carefully before signing any paperwork.

F.A.Q.

Can I apply for a payday loan online in Milford, Kentucky?

Yes, you can apply for a payday loan online in Milford, Kentucky, as long as the lender is licensed to operate in the state.

Do I need a bank account to take out a payday loan in Milford, Kentucky?

Yes, you will need a valid bank account to take out a payday loan in Milford, Kentucky.