Payday Loans in Woodbine, Kentucky

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

Company nameAddressZip codePhone number
Eagle Finance 2780 New Holt Rd Suite C, Paducah, KY 42001 +1 (270) 366 - 7004
World Finance 12426 Shelbyville Rd, Louisville, KY 40243 +1 (502) 253 - 0606
Nicholas Financial Inc 3421 Stony Spring Cir, Louisville, KY 40220 +1 (502) 491 - 8110
Money Now 810 E Center St, Madisonville, KY 42431 +1 (270) 824 - 0123
Lendmark Financial Services LLC 611 Marion Rd Suite C, Princeton, KY 42445 +1 (270) 365 - 7031
Century Bank 201 W Woodford St, Lawrenceburg, KY 40342 +1 (502) 859 - 5111
Cash In Hand 1188 Central Ave, South Williamson, KY 41503 +1 (606) 237 - 5193
Cash Express 1205 Cumberland Falls Hwy, Corbin, KY 40701 +1 (606) 526 - 0450
Heights Finance Corporation 405 Richmond Rd N, Berea, KY 40403 +1 (859) 986 - 6000
Raymond James 304 Main St, Murray, KY 42071 +1 (270) 753 - 7335

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Woodbine, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Florence, KY, Emergency Loan in Georgetown, KY, Payday Loans in Hopkinsville, KY, Payday Loan Without a Credit Check 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 Woodbine, KY.

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

40701, 40771

Are Payday Loans Legal In Woodbine, 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

Woodbine, KY payday loan calculator

Introduction

Payday loans are a type of short-term loan that are designed to help individuals bridge the gap between paychecks. These loans can be a useful financial tool when used responsibly, but they are not without risk. In this article, we will explore payday loans in Woodbine, Kentucky. While payday loans are legal in Kentucky, it is important to understand the regulations and risks associated with these loans.

What are Payday Loans?

Payday loans, also known as cash advances, are loans that are typically due on the borrower’s next payday. These loans are usually for small amounts, ranging from a few hundred dollars to a few thousand dollars, and are often used to cover unexpected expenses or emergencies. To obtain a payday loan, the borrower typically writes a post-dated check for the amount of the loan plus fees, which the lender will cash on the borrower’s next payday.

Payday Loan Regulations in Kentucky

In Kentucky, payday loans are legal, but only for check cashers. The state has put in place several regulations to protect consumers who take out these loans. For example, lenders are required to display information about fees, interest rates, and repayment terms prominently in the store and must provide this information in writing to the borrower. Lenders are also required to verify the borrower’s income and have specific restrictions on how much they can lend.

Risks of Payday Loans

While payday loans can be a useful financial tool for some, they do come with risks. One of the main risks is the high cost of borrowing. Payday loans often have very high interest rates and fees, which can add up quickly, making it difficult for borrowers to repay the loan. This can lead to a cycle of debt that can be difficult to break.

Another risk of payday loans is the potential for predatory lending practices. Some lenders may target vulnerable borrowers, such as those with low incomes or poor credit histories, and may use aggressive tactics to collect on the loan. It is important for borrowers to carefully read all loan documents and understand the terms and conditions before signing a loan agreement.

Interesting Facts and Statistics About Payday Loans in Woodbine, Kentucky

  • Kentucky has the 8th highest payday loan usage rate in the country.
  • The average payday loan in Kentucky is $322.
  • Most payday loans in Kentucky are taken out for 14 days, but they can be taken out for up to 60 days.
  • Payday lenders in Kentucky can charge up to $15 per $100 borrowed in fees.

Apply Now

If you are considering a payday loan in Woodbine, Kentucky, TheGuaranteedLoans can help. As a connector service, we work with a network of potential lenders to help you find a loan that meets your needs. Our application process is simple and straightforward, and we will never charge you any fees for our services.

To get started, simply fill out our online application. We will connect you with potential lenders who can offer you a loan based on your needs and qualifications. Remember, payday loans are not a long-term solution to financial problems and should only be used in emergencies or for short-term needs.

Conclusion

Payday loans can be a useful financial tool when used responsibly, but they are not without risk. If you are considering a payday loan in Woodbine, Kentucky, it is important to understand the regulations and risks associated with these loans. By working with a reputable lender and carefully reading all loan documents before signing, you can make an informed decision about whether a payday loan is right for you. And remember, if you need assistance finding a lender, TheGuaranteedLoans is here to help.

F.A.Q.

Can I apply for a payday loan if I am on active military duty in Woodbine, Kentucky?

Yes, individuals on active military duty are eligible to apply for payday loans in Woodbine, Kentucky. However, there are special protections in place for military members, so be sure to inform the lender if you are on active duty.

Are there any restrictions on the interest rate for payday loans in Woodbine, Kentucky?

Yes, the maximum interest rate for payday loans in Woodbine, Kentucky is 390% APR.