Payday Loans in Whick, Kentucky

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

Company nameAddressZip codePhone number
World Finance Corporation 625 Chestnut Dr #108, Walton, KY 41094 +1 (859) 485 - 1465
Commercial Lending 1422 Winchester Ave, Ashland, KY 41101 +1 (606) 326 - 9419
First American Cash Advance 219 Prince Royal Dr Suite 1, Berea, KY 40403 +1 (859) 985 - 0939
Check Into Cash 708-A N 12th, Murray, KY 42071 +1 (270) 753 - 1284
Express Check Advance 1355 Veterans Memorial Ln Suite 101, Bowling Green, KY 42101 +1 (270) 843 - 3944
World Finance Corporation 1326 Nashville Rd e, Franklin, KY 42134 +1 (270) 586 - 2090
Cash Express 209 N Main St, Elkton, KY 42220
First Kentucky Bank 400 Elm St, Bardwell, KY 42023 +1 (270) 628 - 5463
Cash Express 330 Main St, Cadiz, KY 42211 +1 (270) 522 - 4050
Cash Express 15 2nd Street, Vanceburg, KY 41179 +1 (606) 796 - 0142

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Whick, KY, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Florence, KY, Payday Loans in Georgetown, KY, Payday Loans in Hopkinsville, KY, 24-Hour Loan in Louisville, KY, No Credit Check Loans in Owensboro, KY and Payday Loan for 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 Whick, KY.

Are Payday Loans Legal In Whick, 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

Whick, KY payday loan calculator

Payday loans are short-term loans that borrowers usually repay with their next paycheck. They are typically advertised as a quick solution for unexpected expenses or emergencies, such as car repairs, medical bills, or overdue utility payments. In Whick, Kentucky, payday loans are legal, but only for check cashers.

The Basics of Payday Loans in Whick, Kentucky

If you’re considering taking out a payday loan in Whick, it’s important to understand the regulations and restrictions that apply to these loans. Under Kentucky law, payday lenders can charge up to $15 per $100 borrowed, and the maximum loan amount is $500. The loan term cannot exceed 14 days, and lenders cannot charge more than $1 per $5 of the loan amount in verification fees.

It’s important to note that payday lenders in Kentucky are not allowed to roll over or renew loans, meaning you can’t take out a new loan to pay off a previous loan. This is designed to protect consumers from getting trapped in a cycle of debt.

Understanding the Risks of Payday Loans

While payday loans may seem like a quick and convenient way to get cash when you need it, they can also be risky. The high interest rates and fees associated with payday loans can quickly add up, making it difficult to repay the loan on time. This can lead to additional fees and penalties, as well as damage to your credit score.

It’s also important to be aware of predatory lending practices. Some payday lenders may deceive borrowers or hide fees and charges in the fine print of loan agreements. Borrowers should always read loan agreements carefully and ask questions if anything is unclear.

Alternatives to Payday Loans in Whick, Kentucky

If you need quick cash, there are alternative options to consider before taking out a payday loan. Some options include:

  • Credit cards: If you have a credit card, you can use it to pay for unexpected expenses. While credit cards also charge interest, the interest rates are often lower than those of payday loans.
  • Personal loans: Personal loans from banks or credit unions usually have lower interest rates than payday loans, and longer repayment terms, allowing you to spread out payments over several months.
  • Emergency assistance programs: Some nonprofits and government agencies offer assistance programs for individuals in need. These programs can provide help with utility bills, housing expenses, and other emergency expenses.

Interesting Facts about Payday Loans in Whick, Kentucky

According to a report from the Kentucky Coalition for Responsible Lending:

  • The average payday loan amount in Kentucky is $375.
  • Kentucky payday lenders charge an average interest rate of 391%.
  • For every $1 borrowed, Kentucky payday lenders earn $1.50 in fees.

Apply Now for a Payday Loan in Whick, Kentucky

If you’ve weighed your options and decided that a payday loan is the best solution for your situation, TheGuaranteedLoans can help. As a connector service, we can facilitate your connection with potential lenders who may be able to provide you with a loan. To apply, simply fill out our online application and we’ll match you with lenders who meet your needs. Remember, payday loans are a short-term financial solution and should be used responsibly.

F.A.Q.

Can I apply for a payday loan online in Whick, Kentucky?

Yes, you can apply for a payday loan online in Whick, Kentucky, as long as the lender is licensed to operate in the state.

Do I need a bank account to take out a payday loan in Whick, Kentucky?

Yes, you will need a valid bank account to take out a payday loan in Whick, Kentucky.