Payday Loans in Woodburn, Kentucky

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

Company nameAddressZip codePhone number
World Finance 232 Skywatch Dr, Danville, KY 40422 +1 (859) 236 - 9119
Whitaker Bank 1025 Hwy 25, Williamsburg, KY 40769
CheckSmart 8459-D, US-42, Florence, KY 41042 +1 (859) 647 - 7500
Fifth Third Bank & ATM 240 Fairfield Ave, Bellevue, KY 41073 +1 (859) 431 - 2227
Kentucky River Finance Co Inc 151 E Main St #4, Hazard, KY 41701 +1 (606) 439 - 0826
Hart County Bank & Trust Co 331 Main St, Munfordville, KY 42765 +1 (270) 524 - 2231
Farm Credit Mid-America 115 Commerce Dr, Russellville, KY 42276 +1 (270) 726 - 2011
Check Advance 1575 Old US Hwy 68 Loop 2, Maysville, KY 41056 +1 (606) 759 - 7514
Independence Bank 211 US-41 ALT, Providence, KY 42450 +1 (270) 667 - 2065
Check Into Cash 111 Osborne Way, Georgetown, KY 40324 +1 (877) 244 - 8254

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Woodburn, KY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Florence, KY, Online Loans in Georgetown, KY, Payday Loan Companies in Hopkinsville, KY, No Credit Check Loans in Louisville, KY, Payday Loan Companies 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 Woodburn, KY.

Beautiful sights of Woodburn, KY

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

42170

Are Payday Loans Legal In Woodburn, 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

Woodburn, KY payday loan calculator

What You Need to Know About Payday Loans in Woodburn, Kentucky

When you’re in a financial bind, payday loans can seem like an attractive option. These small-dollar loans are designed to be repaid on your next payday, and they’re typically easy to qualify for. However, before you take out a payday loan in Woodburn, Kentucky, it’s important to understand the pros and cons of this type of loan.

How Payday Loans Work in Woodburn, Kentucky

In Kentucky, payday loans are legal for check cashing businesses only. These loans typically range from $100 to $500 and must be repaid within 14-60 days. While Kentucky state law limits interest rates on payday loans to no more than 36% APR, some lenders may still charge higher rates and fees.

To qualify for a payday loan, you’ll need to provide proof of income and a valid ID. The lender will also require a postdated check for the loan amount plus fees.

The Pros of Payday Loans

  • Quick and easy access to cash when you need it.
  • No credit check required, as long as you have a steady source of income.
  • You can use the funds for any purpose.
  • Can help you avoid more expensive options like overdraft fees or late payment fees.

The Cons of Payday Loans

  • High-interest rates and fees that can trap you in a cycle of debt.
  • Short repayment terms can make it difficult to pay back the loan on time.
  • Some lenders may require access to your bank account, which can lead to overdraft fees if you don’t have enough funds to cover the check.
  • Defaulting on a payday loan can damage your credit score and lead to legal action from the lender.

Interesting Facts and Statistics About Payday Loans in Woodburn, Kentucky

  • Kentucky law requires lenders to provide borrowers with a repayment plan at no additional cost if they are unable to repay the loan in full by the due date.
  • The average payday loan in Kentucky is $340 and is typically repaid within two weeks.
  • In Kentucky, 83% of payday loan borrowers take out more than one loan per year, with an average of 10 loans per year.
  • Payday lenders in Kentucky collect nearly $50 million in fees each year.

Apply Now for a Payday Loan in Woodburn, Kentucky

If you’re in need of quick cash, TheGuaranteedLoans can help you find the right lender. Our online application is easy to fill out, and we’ll match you with potential lenders who may be able to provide the funds you need. Remember that TheGuaranteedLoans is a connector service, not a direct lender, and we’ll facilitate your connection with potential lenders.

Don’t let financial stress get you down. Apply now for a payday loan and get back on track with your finances.

F.A.Q.

How do I repay a payday loan in Woodburn, Kentucky?

Payday loans in Woodburn, Kentucky are typically repaid in full on the borrower's next payday, either by providing a post-dated check or authorizing electronic access to the borrower's checking account.

Can I apply for a payday loan if I am self-employed in Woodburn, Kentucky?

Yes, individuals who are self-employed are eligible to apply for payday loans in Woodburn, Kentucky. However, they may need to provide additional documentation to prove their income.