Payday Loans in Closplint, Kentucky

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

Company nameAddressZip codePhone number
1st Choice Credit W Cumberland Gap Pkwy, Corbin, KY 40701 +1 (606) 528 - 2426
Cash Tyme 706 N. Green St., A, Henderson, KY 42420 +1 (270) 826 - 4100
Cash Express 2192 N Main St, Jamestown, KY 42629 +1 (270) 343 - 3621
Payday Advance Florence 7953 Mall Rd, Florence, KY 41042 +1 (859) 594 - 4302
Community Trust Bank 32 N Levisa Rd, Mouthcard, KY 41548 +1 (606) 835 - 4907
Magnolia Bank, Inc. 794 Old Elizabethtown Rd, Hodgenville, KY 42748 +1 (270) 358 - 3111
National Cash Advance Advance 1113A Cs-1207, Winchester, KY 40391 +1 (859) 737 - 0455
Easy Money Exchange 499 North Dr, Hopkinsville, KY 42240 +1 (270) 886 - 1870
Kerry Chevrolet, Inc. 7500 Alexandria Pike, Alexandria, KY 41001 +1 (859) 474 - 2826
Check n Go 81 KY-80 Ste E, Somerset, KY 42503 +1 (606) 679 - 5555

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Closplint, 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 Loan Without a Credit Check in Hopkinsville, KY, Guaranteed Loans in Louisville, KY, Payday Loans 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 Closplint, KY.

Are Payday Loans Legal In Closplint, 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

Closplint, KY payday loan calculator

Payday Loans in Closplint, Kentucky: Everything You Need to Know

Are you having trouble making ends meet in Closplint, Kentucky? Do you need a little extra cash to tide you over until your next paycheck? If so, you may be considering a payday loan.

Payday loans are a type of short-term loan that are designed to help people bridge the gap between paychecks. These loans are often marketed as a way to get quick cash with minimal credit requirements.

How do payday loans work?

When you take out a payday loan, you borrow a small amount of money that you will repay plus interest on your next payday. To get a payday loan in Closplint, Kentucky, you’ll need to provide the lender with proof of income and a valid ID.

While payday loans can be helpful in a pinch, they come with some risks. The interest rates on payday loans can be very high, and if you’re not able to repay the loan on time, you could end up owing much more than you borrowed.

As of 2021, payday loans are legal in Kentucky for check cashers only. This means that traditional banks cannot offer payday loans, and that you’ll need to go through a specialized lender to get a payday loan in Closplint.

What are the fees and interest rates for payday loans in Closplint, Kentucky?

The fees and interest rates for payday loans in Closplint can vary depending on the lender you choose. However, as of 2021, the maximum interest rate that lenders can charge in Kentucky for a payday loan is 15% for loans up to $250, and 14% for loans between $250 and $500.

Additionally, lenders can also charge a finance fee of up to $15 per $100 borrowed. This means that if you borrow $300, you could be charged up to $45 in finance fees on top of the interest.

What are the risks of taking out a payday loan?

While payday loans can be a convenient way to get quick cash, they come with some risks that borrowers should be aware of. These risks include:

  • High interest rates: The interest rates on payday loans can be much higher than other types of loans. This can make it difficult to repay the loan on time, which can result in even higher fees and interest charges.
  • Debt trap: Some borrowers may find it difficult to repay their payday loans on time, which can lead to a cycle of debt. If you’re not able to repay your loan, you may be tempted to take out another loan to cover the costs.
  • Scams: Some payday lenders may engage in fraudulent or deceptive practices to coax borrowers into taking out loans they can’t afford.

Interesting Facts and Statistics about Payday Loans in Closplint, Kentucky

  • In 2020, the Kentucky legislature passed a bill that would cap interest rates on payday loans at 36%, but the bill did not become law.
  • A 2019 study by the Kentucky Coalition for Responsible Lending found that the average payday loan in Kentucky had a 391% annual percentage rate (APR).
  • In 2019, Kentucky payday lenders offered loans averaging $328 for an average term of 14.5 days, resulting in an average finance charge of $50.50 per loan.

Apply Now

If you’re interested in applying for a payday loan in Closplint, Kentucky, TheGuaranteedLoans can help. Our online application process makes it easy to connect with potential lenders and get the cash you need to cover unexpected expenses.

It’s important to remember that TheGuaranteedLoans is not a direct lender. We are a connector service that facilitates your connection with potential lenders. Before you apply for a loan, it’s important to read the terms and conditions carefully and make sure you understand the fees, interest rates, and repayment options.

If you’re ready to apply for a payday loan in Closplint, Kentucky, simply fill out our online application and we’ll connect you with potential lenders who may be able to help.

F.A.Q.

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

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

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

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