Payday Loans in River, Kentucky

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

Company nameAddressZip codePhone number
Fahe 319 Oak St, Berea, KY 40403 +1 (859) 986 - 2321
World Finance Corporation Kentucky PO Box 813, Burkesville, KY 42717 +1 (270) 864 - 3741
Cash Advance Centers of KY 308 35th St, Catlettsburg, KY 41129 +1 (606) 739 - 0224
South Central Bank 24127 Louisville Rd, Park City, KY 42160 +1 (270) 749 - 5101
Mariner Finance 81 Weddington Branch Rd, Pikeville, KY 41501 +1 (606) 432 - 2563
Kentucky Farmers Bank 4393 Highway 2565, Louisa, KY 41230 +1 (606) 929 - 5000
Kwik Kash Pawn & Gun 1426 E John Rowan Blvd, Bardstown, KY 40004 +1 (502) 348 - 6718
Heights Finance Corporation 130 Walton Ave, Bowling Green, KY 42104 +1 (270) 843 - 6002
Fidelity Finance Inc 1207 Paris Rd, Mayfield, KY 42066 +1 (270) 251 - 8141
Cash Express 1413 S Dixie Blvd, Radcliff, KY 40160 +1 (270) 351 - 2767

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In River, 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

River, KY payday loan calculator

Understanding payday loans in River, Kentucky

Payday loans are short-term loans that are meant to be repaid by the borrower’s next paycheck. They are often considered as a financial solution for those who find themselves in emergency situations. Bank loans are often hard to access, especially if you have poor credit history. Thus, payday loans have become a popular choice for people in River, Kentucky. The purpose of this article is to help you understand the intricacies of payday loans in River, Kentucky and provide insights on how to use them responsibly.

Legality of payday loans in River, Kentucky

In Kentucky, payday loans are legal, but they only apply to check cashers. According to Kentucky law (Kentucky Revised Statutes Ann. §§ 286.9.010 et seq.), borrowers can access a payday loan of up to $500, and the repayment period cannot exceed 60 days. The interest rates for payday loans in River, Kentucky can be exorbitant, with APRs ranging from 300% to 400% or more.

Why do people take out payday loans in River, Kentucky?

People take out payday loans for a variety of reasons. One common reason is because they need cash to pay bills or cover unexpected expenses. Other reasons include:

  • To avoid overdraft fees on their checking accounts.
  • To pay for car repairs.
  • To cover medical bills.
  • To avoid late payment fees on credit card bills.

How to find a reliable payday lender in River, Kentucky

It’s essential to do your due diligence when looking for a payday lender in River, Kentucky. Here are some tips to consider:

  • Check the lender’s website for any disclosures, such as their maximum loan amount, fees, and interest rates.
  • Ensure that the lender is licensed to operate in Kentucky.
  • Read reviews from previous customers to see their experience with the lender.

It’s also crucial to note that TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of potential lenders who may be willing to provide payday loans to borrowers in River, Kentucky. By filling out an online application on our website, you will be providing us with information that we will use to connect you with potential lenders.

Understanding the risks of payday loans in River, Kentucky

Payday loans in River, Kentucky should only be used as a last resort as they can come with significant risks. For one, the high-interest rates and fees can cause a borrower to fall into a debt cycle. Moreover, some payday lenders in River, Kentucky may resort to unscrupulous tactics to collect payments from borrowers, such as threatening to report them to credit agencies or even filing lawsuits.

Responsible borrowing practices for payday loans in River, Kentucky

If you decide to take out a payday loan in River, Kentucky, here are some of the practices you can follow to help you pay it back responsibly:

  • Borrow only the amount you need, and not more than you can afford to repay.
  • Read the terms and conditions of your payday loan agreement carefully.
  • Make sure you understand all the fees and charges that come with the loan.
  • Repay the loan on or before the due date to avoid additional fees or interest charges.
  • Avoid taking out multiple payday loans simultaneously.

Interesting facts and statistics about payday loans in River, Kentucky

According to the Kentucky Coalition for Responsible Lending, payday lenders in Kentucky made over 1.2 million payday loans in 2019, with the average loan amount being $337 and the average APR being 378%. Furthermore, the majority of payday loan borrowers in Kentucky are low-income individuals who have limited access to traditional banking services, making it challenging for them to access loans from banks or credit unions.

Apply now for a payday loan in River, Kentucky

If you’ve considered a payday loan and have decided that it’s right for you, TheGuaranteedLoans can facilitate your connection with potential lenders. We’re a connector service, not a direct lender, and our goal is to help you access the funds you need quickly and efficiently. To apply for a payday loan in River, Kentucky, fill out our online application form today.

F.A.Q.

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

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

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

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