Payday Loans in Parksville, Kentucky

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

Company nameAddressZip codePhone number
Cash Advance Centers of KY 5014 Preston Hwy, Louisville, KY 40213 +1 (502) 810 - 0316
U.S. Bank Branch 131 W Main St, Lebanon, KY 40033 +1 (270) 692 - 3181
Quick Money, Pawn Shop, Payday Loans 1413 Highland Ave, Carrollton, KY 41008 +1 (502) 732 - 0884
Lendmark Financial Services LLC 189 Wal-Mart Way, Maysville, KY 41056 +1 (606) 759 - 1750
Advance America 3640 Louisa Rd, Catlettsburg, KY 41129 +1 (606) 739 - 4200
Cash Express 1044 US-27, Somerset, KY 42501 +1 (606) 679 - 8657
Independence Bank 211 US-41 ALT, Providence, KY 42450 +1 (270) 667 - 2065
World Finance 2551 KY-227 Ste A, Carrollton, KY 41008 +1 (502) 732 - 0965
Cash Express 292 Main St, Campton, KY 41301 +1 (606) 668 - 6530
Raymond James Financial Services 1627 Ashland Rd, Greenup, KY 41144 +1 (606) 473 - 9876

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Parksville, 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

Parksville, KY payday loan calculator

Payday Loans in Parksville, Kentucky

In Kentucky, payday loans are legal for check cashers. If you’re looking for a quick and easy way to get cash, a payday loan may be an option. However, it is important to understand all the terms and fees associated with these loans before applying. In this article, we’ll take a look at payday loans in Parksville, Kentucky, and provide you with the information you need to make an informed decision.

How do Payday Loans Work?

A payday loan is a short-term loan that typically has a higher interest rate than traditional loans. In Parksville, Kentucky, payday lenders can provide loans of up to $500. The loan is typically due on your next payday, which is usually within two weeks. To apply for a payday loan, you’ll need to provide the lender with proof of income and a checking account. You may also need to provide a postdated check or authorize an electronic debit for the loan amount plus fees.

Fees and Repayment

The fees associated with payday loans in Kentucky can vary, but they are typically high. In Parksville, you can expect to pay around $15 for every $100 borrowed. This means that if you borrow $300, you’ll owe $345 on your next payday. If you’re unable to repay the loan on time, you may be charged additional fees and interest, which can quickly add up.

If you’re struggling to repay a payday loan, it’s important to reach out to your lender as soon as possible. Some lenders may be willing to work with you to create a repayment plan, but others may not. If you’re unable to repay the loan, it may be sent to a collection agency, which can damage your credit score.

Alternatives to Payday Loans

While payday loans may seem like a quick and easy solution, they can be expensive and potentially damaging to your credit score. Fortunately, there are alternatives available. Here are a few options to consider:

  • Credit counseling: If you’re struggling to manage your debt, credit counseling may be a good option. A credit counselor can help you develop a budget and create a plan to pay off your debts.
  • Personal loans: Personal loans typically have lower interest rates than payday loans, making them a more affordable option. You’ll need to have good credit to qualify for a personal loan, however.
  • Payment plans: If you’re struggling to pay bills or make payments, reach out to your creditors. Many companies are willing to work with you to create a payment plan that fits your budget.

Interesting Facts and Statistics About Payday Loans in Parksville, Kentucky

  • In 2019, Kentucky passed legislation that would establish a maximum APR of 36% for payday loans.
  • In 2018, Kentuckians took out 1.8 million payday loans, with a total value of over $500 million.
  • According to a 2019 report by the Kentucky Coalition for Responsible Lending, the average APR for payday loans in Kentucky is 391%.

Apply Now

If you’re considering a payday loan, it’s important to understand all the terms and fees associated with the loan. TheGuaranteedLoans can help connect you with potential lenders who offer payday loans in Parksville, Kentucky. Our online application process is quick and easy, and we can provide you with a decision in as little as a few minutes. Please note that TheGuaranteedLoans is a connector service and not a direct lender. We work with a network of lenders to help find the best loan option for you.

Don’t let unexpected bills or expenses derail your finances. Apply for a payday loan with TheGuaranteedLoans today and get the cash you need.

F.A.Q.

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

Yes, individuals on active military duty are eligible to apply for payday loans in Parksville, 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 Parksville, Kentucky?

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