Payday Loans in West Somerset, 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 West Somerset, KY. Consider companies in other cities:

Company nameAddressZip codePhone number
U.S. Bank ATM - Hawesville 255 Court Square, Hawesville, KY 42348 +1 (800) 872 - 2657
Omega Financial Services Inc 6439 Bardstown Rd, Louisville, KY 40291 +1 (502) 231 - 5464
Heritage Bank 1601 N 12th St, Murray, KY 42071 +1 (270) 767 - 2000
First Financial Bank 536 W Main St, Elkton, KY 42220 +1 (270) 265 - 5628
L&N Federal Credit Union 822 Donaldson Hwy, Erlanger, KY 41018 +1 (859) 283 - 5115
Cash Express 1015 Monmouth St, Newport, KY 41071 +1 (859) 291 - 0547
First Financial Bank 13704 Shelbyville Rd, Louisville, KY 40245 +1 (502) 891 - 0100
First Financial Credit Inc 205 18th St #3, Middlesboro, KY 40965 +1 (606) 248 - 5050
World Finance 906 US Hwy 68, Maysville, KY 41056 +1 (606) 564 - 0888
Chris's Auto Tech and Collision Center 413 N Dixie Hwy, Cave City, KY 42127 +1 (270) 773 - 3433

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in West Somerset, KY, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Florence, KY, Payday Loans in Georgetown, KY, Payday Loan Without a Credit Check in Hopkinsville, KY, Emergency Loan in Louisville, KY, Payday Loan Without a Credit Check in Owensboro, KY and 24-Hour Loan 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 West Somerset, KY.

Beautiful sights of West Somerset, KY

Are Payday Loans Legal In West Somerset, 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

West Somerset, KY payday loan calculator

Payday Loans in West Somerset, Kentucky

Living in West Somerset, Kentucky, has its unique challenges when it comes to managing your finances. Unexpected expenses, such as car repairs or medical bills, can take a toll on your budget. That’s where payday loans come in. These loans can help you meet your short-term cash needs until your next paycheck arrives.

What are payday loans?

Payday loans are short-term loans designed for people who need quick access to cash. They are usually due on your next payday. In West Somerset, Kentucky, payday loans are legal, although they are only permitted for check cashers.

When you apply for a payday loan, you typically need to provide proof of income and a checking account. You’ll also need to sign a loan agreement that outlines the terms of the loan, including the fees and interest rate.

How do payday loans work?

Once you’re approved for a payday loan, you’ll receive your funds either in cash or transferred to your checking account. The loan amount is usually a percentage of your next paycheck, and the fees and interest are deducted from that amount.

In West Somerset, Kentucky, the maximum amount you can borrow through a payday loan is $500, and the maximum loan term is 60 days.

The Pros and Cons of Payday Loans

While payday loans can be a helpful tool in managing your finances, they come with both advantages and disadvantages. Here are some of the pros and cons of payday loans:

Pros:

  • Quick access to cash
  • Minimal eligibility requirements
  • No credit check required

Cons:

  • High fees and interest rates
  • Short repayment terms
  • Potential for getting trapped in a cycle of debt

Interesting Facts and Statistics about Payday Loans in West Somerset, Kentucky

  • Payday loans are legal in Kentucky, but the state has imposed restrictions on the practice to protect consumers.
  • In 2019, the average payday loan amount in Kentucky was $339.
  • According to the Kentucky Coalition for Responsible Lending, the average interest rate on a payday loan in Kentucky is 391%.
  • In 2019, nearly 240,000 Kentuckians took out a payday loan.

Apply Now

If you need a payday loan in West Somerset, Kentucky, TheGuaranteedLoans can help. We are a connector service that can match you with potential lenders who can provide short-term loans to meet your cash needs. Our application process is easy and secure, and we offer flexible repayment terms to help you manage your finances. Please note that we are not a direct lender and do not provide loans ourselves.

Apply now to get started on your payday loan application.

F.A.Q.

Are there any restrictions on the number of payday loans I can take out in West Somerset, Kentucky?

Yes, you are only allowed to take out one payday loan at a time in West Somerset, Kentucky.

Can I take out a payday loan if I have bad credit?

Yes, you can still take out a payday loan in West Somerset, Kentucky even if you have bad credit.