Payday Loans in Tram, Kentucky

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

Company nameAddressZip codePhone number
World Finance Corporation 196 Collins Cir, Prestonsburg, KY 41653 +1 (606) 886 - 1484
First Financial Credit 205 18th St 3, Middlesboro, KY 40965 +1 (606) 248 - 5050
Cash Express 101 N Cross St, Albany, KY 42602 +1 (606) 387 - 0531
BB&T 300 N Mayo Trl, Paintsville, KY 41240 +1 (606) 789 - 4045
City National Bank 386 W Main St, Carlisle, KY 40311 +1 (859) 289 - 3400
Commonwealth Bank & Trust Co 422 Main St, Shelbyville, KY 40065 +1 (502) 232 - 7020
Money Now 2206 Hikes Lane, #A, Louisville, KY 40218 +1 (502) 456 - 6663
PNC Bank 415 S 1st St, La Grange, KY 40031 +1 (502) 222 - 6200
PNC Mortgage 442 Lexington Rd, Versailles, KY 40383 +1 (859) 879 - 2205
American Pawn 3898 S Danville Bypass, Danville, KY 40422 +1 (859) 239 - 9374

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Tram, 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 Loan for Louisville, KY, Emergency Loan 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 Tram, KY.

Are Payday Loans Legal In Tram, 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

Tram, KY payday loan calculator

Payday Loans in Tram, Kentucky: An Overview

Payday loans are short-term loans designed to help people manage their unexpected expenses. These loans usually have high interest rates and are due on the borrower’s next payday. Payday loans are legal in Kentucky, but only for licensed check cashers.

The Process of Getting a Payday Loan in Tram, Kentucky

To get a payday loan in Tram, Kentucky, you will need to find a licensed check casher. You will then need to provide them with your personal information, including your name, address, and Social Security number. You will also need to provide proof of income and employment, such as a recent pay stub. The check casher will then determine how much you qualify to borrow, and you will need to sign a loan agreement and provide a post-dated check or authorize an electronic debit for the repayment of the loan.

The Pros and Cons of Payday Loans in Tram, Kentucky

Like all financial products, payday loans have both advantages and disadvantages. Some of the advantages of payday loans include:

  • Quick access to cash
  • No credit check required
  • Easy and convenient application process

However, payday loans also have some disadvantages, including:

  • High interest rates and fees
  • Short repayment terms
  • Potential for a debt cycle

It’s important to carefully consider your financial situation and alternatives before taking out a payday loan.

Interesting Facts and Statistics About Payday Loans in Tram, Kentucky

According to a study conducted by The Center for Responsible Lending, the average payday loan in Kentucky is $300 and has an annual percentage rate (APR) of 459%. In 2019, the Kentucky General Assembly introduced a bill to cap payday loan interest rates at 36%, but the bill was not passed.

Apply Now to Connect with Potential Lenders

If you are considering a payday loan in Tram, Kentucky, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is easy and secure, and we will do our best to match you with a lender that suits your unique financial needs. Please note that we are not a direct lender, but rather a connector service. Once you are matched with a lender, they will provide you with the loan information and terms, and you can decide whether or not to accept the loan offer. Don’t wait – apply now and get the financial help you need.

F.A.Q.

What are the requirements to be eligible for a payday loan in Tram, Kentucky?

To be eligible for a payday loan in Tram, Kentucky, you must be at least 18 years old and have a valid government-issued ID and proof of income.

How long do I have to repay a payday loan in Tram, Kentucky?

Payday loans in Tram, Kentucky must be repaid within 60 days.