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

Company nameAddressZip codePhone number
Cash Express 15936 Fort Campbell Blvd, Oak Grove, KY 42262 +1 (270) 439 - 5182
Limestone Bank 646 Elm St, Eminence, KY 40019 +1 (502) 845 - 1001
Best Financial Services Inc 502 Jamestown St, Columbia, KY 42728 +1 (270) 384 - 0508
Check Into Cash 111 Osborne Way, Georgetown, KY 40324 +1 (877) 244 - 8254
Corbin Financial Services 15100 US-25 3, Corbin, KY 40701 +1 (606) 526 - 7200
Cash Express 1102 S Main St, Madisonville, KY 42431 +1 (270) 821 - 3321
Cash Express 420 N Main St, Franklin, KY 42134 +1 (270) 598 - 7706
WesBanco Bank 103 Churchill Dr, Newport, KY 41071 +1 (859) 572 - 2660
Wilson & Muir Bank & Trust 123 W Main St, Vine Grove, KY 40175 +1 (270) 877 - 2116
Cash Express 630 W 7th St, Hopkinsville, KY 42240 +1 (270) 890 - 9979

Payday Loan Companies in Nearby Cities

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

Payday Loans Available in Smithfield, KY By The Following ZIP Codes:

40068

Are Payday Loans Legal In Smithfield, 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

Smithfield, KY payday loan calculator

Payday Loans in Smithfield, Kentucky: Everything You Need to Know

When unexpected expenses arise and your paycheck just won’t stretch far enough, payday loans can be a helpful solution. In Smithfield, Kentucky, check cashers offer payday loan services to help residents get the quick cash they need.

What are Payday Loans?

Payday loans are short-term, high-interest loans that are typically repaid on the borrower’s next payday. These loans are designed to provide fast cash to individuals in need of quick funds.

Payday loans are legal in Kentucky, but only check cashers can offer these services. The Kentucky Department of Financial Institutions regulates the check cashing industry to protect consumers from predatory lending practices.

How Do Payday Loans Work in Smithfield, Kentucky?

The process of obtaining a payday loan in Smithfield is relatively straightforward. First, the borrower must provide the lender with a personal check for the amount of the loan plus interest and fees. The lender will hold onto the check until the borrower’s next payday.

On the borrower’s next payday, they can either pay off the loan in full or roll it over for another two weeks by paying additional fees. Rolling over a payday loan can lead to a cycle of debt, so it’s important to only borrow what you can realistically afford to pay back.

What are the Requirements for a Payday Loan in Smithfield, Kentucky?

Check cashers in Smithfield have specific requirements for payday loan applicants. To be eligible for a payday loan, you must:

  • Be 18 years of age or older
  • Have a valid government-issued ID
  • Be able to provide proof of income
  • Have an active checking account

It’s important to note that payday loan lenders in Kentucky are not allowed to lend more than $500 to a borrower at any one time.

The Pros and Cons of Payday Loans in Smithfield, Kentucky

Like any financial product, payday loans have their advantages and disadvantages. Here are a few things to consider:

Pros:

  • Quick access to cash
  • No credit check required
  • Easy application process
  • Flexible repayment options

Cons:

  • High-interest rates and fees
  • Risk of falling into a cycle of debt
  • Limited to borrowing $500 or less
  • Only available through check cashers in Kentucky

Interesting Facts and Statistics About Payday Loans in Smithfield, Kentucky

Here are a few interesting facts and statistics about payday loans in Smithfield and throughout Kentucky:

  • In 2020, Kentucky residents took out over 620,000 payday loans with a total value of over $253 million.
  • The average payday loan in Kentucky is $327, with an average fee of $52.20. This adds up to an annual percentage rate (APR) of 399%.
  • According to a 2020 survey by the Kentucky Coalition for Responsible Lending, 83% of payday loan borrowers in the state had trouble paying back their loans on time.
  • Kentucky is one of 32 US states that allow payday lending, but the state legislature has considered legislation to cap payday loan interest rates at 36% APR.

Apply Now for a Payday Loan in Smithfield, Kentucky

If you need fast cash to cover unexpected expenses, TheGuaranteedLoans can help connect you with potential lenders in Smithfield. Our online application process is quick and easy, and we are committed to providing transparency and fairness in our lending process.

As a connector service, TheGuaranteedLoans is not a direct lender and does not make lending decisions. Instead, we work with a network of trusted and reputable lenders to help connect borrowers with the financial services they need.

Apply now for a payday loan in Smithfield, Kentucky, and get the cash you need to cover your expenses today.

F.A.Q.

Can I apply for a payday loan if I am receiving Social Security benefits in Smithfield, Kentucky?

Yes, individuals who are receiving Social Security benefits are eligible to apply for payday loans in Smithfield, Kentucky. However, they will need to provide proof of income in order to qualify.

Can I apply for a payday loan if I am a student in Smithfield, Kentucky?

Yes, students are eligible to apply for payday loans in Smithfield, Kentucky, as long as they meet the other eligibility requirements. However, it is important to carefully consider whether a payday loan is the best option for managing their finances as a student.