Payday Loans in Putney, Kentucky

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Pioneer Credit Company now Mariner Finance 1577 US-68, Maysville, KY 41056 +1 (606) 375 - 4939
Advance U Cash 6823 Alexandria Pike, Alexandria, KY 41001 +1 (859) 448 - 9700
Speedy Cash 460 Allen Dr, Salyersville, KY 41465 +1 (606) 349 - 4700
Personal Finance Company 215 N Main St, Marion, KY 42064 +1 (270) 965 - 0003
Mariner Finance 1850 S Hurstbourne Pkwy Ste. 135, Louisville, KY 40220 +1 (502) 365 - 1716
Cash-A-Check 1004 Bypass S #1, Lawrenceburg, KY 40342 +1 (502) 839 - 9816
First American Cash Advance 935 Paris Rd Suite B, Mayfield, KY 42066 +1 (270) 247 - 2188
Advance America 2710 Nashville Rd Ste. 107, Bowling Green, KY 42101 +1 (270) 781 - 1880
1st Choice Credit W Cumberland Gap Pkwy, Corbin, KY 40701 +1 (606) 528 - 2426
World Finance 300 Sam Walton Dr Ste 1400, Somerset, KY 42501 +1 (606) 678 - 8131

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Putney, KY, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Florence, KY, Payday Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, 24-Hour Loan 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 Putney, KY.

Are Payday Loans Legal In Putney, 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

Putney, KY payday loan calculator

Payday Loans in Putney, Kentucky: What You Need to Know

Payday loans are a popular short-term lending option for individuals facing unexpected expenses or financial emergencies. In Putney, Kentucky, these loans are legal, but it’s important to understand the risks, benefits, and potential pitfalls associated with them before deciding to borrow. In this comprehensive guide, we’ll cover everything you need to know about payday loans in Putney, Kentucky.

What are Payday Loans?

Payday loans are short-term loans that typically range from $100 to $1,000. They are meant to provide immediate cash assistance to individuals who need to cover unexpected expenses or bills. These loans are also known as cash advances or paycheck advancements, as they are typically paid back on the borrower’s next payday.

Payday loans in Putney, Kentucky, are available from check cashers, pawnshops, and other licensed lenders. These lenders are subject to state regulations that govern the terms and conditions of the loans they offer. In Kentucky, payday lenders are required to disclose all fees, interest rates, and other terms of the loan before the borrower signs a contract.

The Benefits of Payday Loans

The biggest benefit of payday loans is that they are easy to obtain. Unlike traditional loans, which require extensive documentation and credit checks, payday lenders typically only require a few pieces of identification and proof of income. This makes these loans a popular choice for individuals with bad credit or no credit history.

Another benefit of payday loans is their speed. These loans can be approved and disbursed within a few hours, making them ideal for emergency situations. Additionally, payday lenders do not usually require collateral, which means that borrowers do not have to risk their assets to get the money they need.

The Risks of Payday Loans

While payday loans can provide quick cash relief, they come with high interest rates and fees. In Kentucky, payday lenders can charge up to $15 per $100 borrowed, which can add up to an annual interest rate of over 400%. This means that borrowers can easily become trapped in an endless cycle of debt if they are not careful.

Another risk of payday loans is the potential for scams and fraud. Some lenders may employ deceptive practices or illegally charge excessive fees or interest rates. To avoid these risks, borrowers should only work with licensed lenders and carefully review the terms and conditions of their loan.

Interesting Facts and Statistics about Payday Loans in Putney, Kentucky

  • According to a 2019 report by the Kentucky Department of Financial Institutions, there were 647 licensed payday lenders in the state.
  • The same report found that borrowers in the state took out a total of 169,292 payday loans in 2018, with an average loan amount of $370.
  • According to a 2016 report by the Center for Responsible Lending, payday loans cost Kentucky residents an estimated $183 million in fees and interest in 2015.

Apply Now

If you’re in need of a payday loan in Putney, Kentucky, TheGuaranteedLoans can help connect you with potential lenders who can provide the money you need. As a connector service, we do not provide loans directly, but we can facilitate the application process and help you find a lender who meets your needs. To get started, fill out our online application form today.

Remember, payday loans should be used as a last resort and should only be taken out if you are confident that you can repay the loan in full on your next payday. With careful planning and budgeting, you can avoid the risks associated with these loans and use them to effectively manage your finances.

F.A.Q.

Is there a cooling-off period between payday loan payments in Putney, Kentucky?

Yes, there is a mandatory cooling-off period of at least 7 days between payday loan payments in Putney, Kentucky.

Can I be charged additional fees for late or missed payments on my payday loan in Putney, Kentucky?

Yes, you may be charged additional fees for late or missed payments on your payday loan in Putney, Kentucky.