Payday Loans in Oil Springs, Kentucky

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

Company nameAddressZip codePhone number
Advance Cash America No 02119 514 W Dixie Ave, Elizabethtown, KY 42701 +1 (270) 234 - 0268
Lendmark Financial Services LLC 189 Wal-Mart Way, Maysville, KY 41056 +1 (606) 759 - 1750
Quik Cash 462 E New Cir Rd, Lexington, KY 40505 +1 (859) 252 - 3811
Check `n Go 1999 Highway 60 East, Henderson, KY 42420 +1 (270) 826 - 3333
Speedy Cash 329 Broadway St, Paintsville, KY 41240 +1 (606) 789 - 3835
Cash Express 104B Southside Mall Rd, South Williamson, KY 41503 +1 (606) 237 - 0089
U.S. Bank ATM - Flemingsburg 288a Windsor Ln, Flemingsburg, KY 41041 +1 (800) 872 - 2657
First Financial Bank 13704 Shelbyville Rd, Louisville, KY 40245 +1 (502) 891 - 0100
Heights Finance Corporation 604 Ogden St, Somerset, KY 42501 +1 (606) 678 - 7521
Check Exchange 171 E 2nd St, Maysville, KY 41056 +1 (606) 563 - 7660

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Oil Springs, 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 Loan Companies in Hopkinsville, KY, Payday Loan for Louisville, KY, Payday Loans in Owensboro, KY and Guaranteed 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 Oil Springs, KY.

Are Payday Loans Legal In Oil Springs, 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

Oil Springs, KY payday loan calculator

Payday Loans in Oil Springs, Kentucky

In Kentucky, payday loans are legal, but only for check cashers. This means that in Oil Springs, Kentucky, you can go to a check casher and get a payday loan. However, it’s important to understand the terms and conditions of payday loans before you sign on the dotted line. In this article, we’ll cover everything you need to know about payday loans in Oil Springs, Kentucky.

What is a Payday Loan?

A payday loan is a type of short-term loan that typically has a high interest rate and is repaid on the borrower’s next payday. These loans are usually given to people who need cash quickly, and who may not have a good credit history. Payday loans are different from traditional loans because they are typically smaller amounts with shorter repayment terms.

How Do Payday Loans Work?

When you apply for a payday loan in Oil Springs, Kentucky, you will be required to provide basic personal and financial information. This includes your name, address, Social Security number, and employment information. You will also need to provide your bank account information, as lenders will typically deposit the funds directly into your account.

Once you’re approved for a payday loan, the lender will provide you with the funds. Typically, you will be required to repay the loan on your next payday, which is why these loans are sometimes called “payday advance loans.”

What Are the Pros and Cons of Payday Loans?

Like any financial product, payday loans have both pros and cons. Here are some of the main advantages and disadvantages of payday loans:

Pros

  • Easy to get: Compared to traditional loans, payday loans are easy to get. You can often get the funds you need within 24 hours.
  • No credit check: Lenders who offer payday loans typically do not perform a credit check. This means that even if you have a poor credit history, you may still be eligible for a loan.
  • Flexible repayment terms: Payday loans typically have short repayment terms, which means you can repay the loan quickly and move on with your life.

Cons

  • High interest rates: Payday loans typically have very high interest rates, which can make them expensive if you don’t repay the loan quickly.
  • Potential for debt cycle: If you’re unable to repay the loan on time, you may be stuck in a cycle of debt. This can make it difficult to get ahead financially.
  • Can damage credit score: If you’re unable to repay a payday loan, it can damage your credit score and make it more difficult to get credit in the future.

Interesting Facts and Statistics About Payday Loans in Oil Springs, Kentucky

  • In 2019, the average payday loan size in Kentucky was $344.
  • Between 2016 and 2019, the number of payday loans in Kentucky decreased from 1.5 million to 600,000.
  • As of 2021, there are 126 licensed payday lenders in Kentucky.

Apply Now

If you’re in need of a payday loan in Oil Springs, Kentucky, TheGuaranteedLoans can help. We’re a connector service, not a direct lender, which means we can facilitate your connection with potential lenders. To apply for a payday loan, simply fill out our online application. We’ll match you with a lender who meets your needs, and you can get the cash you need quickly and easily.

In Conclusion

Payday loans in Oil Springs, Kentucky, are legal for check cashers. However, it’s important to understand the terms and conditions of these loans before you apply. Make sure you read the fine print and understand the interest rates, fees, and repayment terms before you sign on the dotted line. If you’re in need of a payday loan, TheGuaranteedLoans can help connect you with potential lenders and get you the cash you need quickly and easily. Apply now to get started!

F.A.Q.

What fees are associated with payday loans in Oil Springs, Kentucky?

Payday loans in Oil Springs, Kentucky may have fees for late payments, insufficient funds, or other penalties. Be sure to carefully review the terms of the loan before agreeing to it.

Can I apply for a payday loan if I am currently in bankruptcy in Oil Springs, Kentucky?

No, individuals who are currently in bankruptcy are not eligible for payday loans in Oil Springs, Kentucky.