Payday Loans in Sassafras, 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 Sassafras, KY. Consider companies in other cities:

Company nameAddressZip codePhone number
United Southern Bank 808 S Main St, Elkton, KY 42220 +1 (270) 265 - 2585
Speedy Cash 123 Corporate Dr 103, Hazard, KY 41701 +1 (606) 439 - 5050
Old National Bank 131 E Main Cross St, Greenville, KY 42345 +1 (270) 338 - 1000
World Finance Corporation Kentucky PO Box 813, Burkesville, KY 42717 +1 (270) 864 - 3741
Cash Express 105 Miami St, Brooksville, KY 41004 +1 (606) 735 - 2369
Paducah Bank 5542 Reidland Rd, Paducah, KY 42003 +1 (270) 575 - 5700
Farmers State Bank RR 3, Booneville, KY 41314 +1 (606) 593 - 2224
Cash Express 636 S Main St, Morgantown, KY 42261 +1 (270) 662 - 0050
Personal Finance Co 409 Happy Valley Rd, Glasgow, KY 42141 +1 (270) 629 - 4732
First Southern National Bank 130 W Broad St, Central City, KY 42330 +1 (270) 754 - 3300

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sassafras, 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, Short-term Loans in Hopkinsville, KY, Emergency Loan in Louisville, KY, Payday Loans in Owensboro, KY and Short-term 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 Sassafras, KY.

Are Payday Loans Legal In Sassafras, 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

Sassafras, KY payday loan calculator

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

If you live in Sassafras, Kentucky and find yourself in a financial bind, you may be considering a payday loan as an option. Payday loans are a type of short-term lending that can provide quick cash to those in need, typically with no credit check required. While payday loans can be helpful in certain situations, they can also come with high interest rates and fees that can make it difficult to pay back the loan on time.

In this article, we’ll cover everything you need to know about payday loans in Sassafras, Kentucky, including the legality of payday loans in the state and what to look for in a lender. We’ll also provide some tips on how to make sure you’re getting the best deal possible and what to do if you find yourself unable to repay the loan.

Are Payday Loans Legal in Kentucky?

Payday loans are legal in Kentucky, but only for check cashers. The state has strict laws in place to regulate payday lending and protect consumers from predatory lending practices. This includes capping the interest rate that lenders can charge and limiting the number of loans an individual can take out at one time.

While payday loans can be helpful for those in need of quick cash, it’s important to only work with reputable lenders who follow the state’s regulations.

How to Find a Reputable Payday Lender in Sassafras, Kentucky

When searching for a payday lender in Sassafras, Kentucky, there are a few things to keep in mind to ensure you’re working with a reputable company.

Check for Licensure

Make sure the lender is licensed to operate in Kentucky. This can typically be verified through the state’s Department of Financial Institutions website.

Ask About Interest Rates and Fees

Make sure you understand the interest rates and fees associated with the loan before signing on. Kentucky law caps the interest rate at 15%, so any rate higher than that should be considered a red flag.

Read Reviews

Research the lender online and read reviews from other borrowers. This can help you get a better idea of the lender’s reputation and whether or not they have a history of taking advantage of borrowers.

Tips for Repaying Your Payday Loan

While payday loans can be helpful in a pinch, they can also be very expensive if not repaid on time. Here are a few tips to help you stay on top of your loan:

Create a Repayment Plan

Before taking out the loan, create a plan for how you will repay it. This may include cutting back on expenses or picking up extra hours at work. Make sure you have a solid plan in place before taking out the loan.

Make Payments on Time

Make sure you make your payments on time to avoid late fees and additional interest charges. Consider setting up automatic payments to ensure you don’t miss a payment.

Avoid Rolling Over the Loan

If you find yourself unable to repay the loan on time, it may be tempting to roll it over for an additional fee. However, this can quickly lead to a cycle of debt that can be difficult to break. Instead, consider reaching out to your lender to discuss payment options or seek out other financial assistance.

Interesting Facts and Statistics About Payday Loans in Sassafras, Kentucky

  • According to a 2020 report by the Kentucky Center for Economic Policy, payday lenders in the state charge an average interest rate of 391%.
  • In 2019, Kentucky lawmakers passed a bill that would have capped payday loan interest rates at 36%, but it failed to pass in the state Senate.
  • In 2019, Kentuckians took out over 1 million payday loans, totaling over $448 million in loans.

Apply Now

If you need a payday loan in Sassafras, Kentucky, TheGuaranteedLoans can help connect you with reputable lenders who follow the state’s regulations. We are not a direct lender, but instead, a connector service that helps match you with potential lenders. Our online application process is quick and easy, with funds typically deposited into your bank account within 24 hours.

Visit our website today to learn more and apply now.

F.A.Q.

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

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

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

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