Payday Loans in Gradyville, Kentucky

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

Company nameAddressZip codePhone number
World Finance Corporation 125 Sam Walton Dr #110, Russellville, KY 42276 +1 (270) 725 - 8511
INEZ DEPOSIT BANK 71 Riverfront Road, Warfield, KY 41267 +1 (606) 395 - 5320
Cash Express 100 N Broadway St, Providence, KY 42450 +1 (270) 667 - 9880
ABC Finance Co., Inc. 1175 N Main St Unit B, Madisonville, KY 42431 +1 (270) 825 - 1211
First Choice Finance Co 2111 Westerfield Dr, Providence, KY 42450 +1 (270) 667 - 9389
Monticello Banking Company 2554 US-127, Russell Springs, KY 42642 +1 (270) 866 - 7322
Cash Express 34 Daniel Boone Pkwy #101a, Hazard, KY 41701 +1 (606) 487 - 0211
Central Kentucky Federal Savings Bank, a Division of First Federal Savings Bank of Kentucky 120 Skywatch Dr, Danville, KY 40422 +1 (859) 236 - 4277
Easy Money Shoppe 1014 Paris Rd, Mayfield, KY 42066 +1 (270) 247 - 2000
Walmart Money Center 1225 Paris Rd, Mayfield, KY 42066

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gradyville, 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 Loans in Hopkinsville, KY, Online Loans in Louisville, KY, Short-term Loans in Owensboro, KY and Payday Loan Companies 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 Gradyville, KY.

Are Payday Loans Legal In Gradyville, 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

Gradyville, KY payday loan calculator

Understanding Payday Loans in Gradyville, Kentucky

Payday loans are short-term loans that are meant to be repaid on the borrower’s next payday. They are a popular form of lending for those who need access to money quickly but don’t have the credit score to secure a traditional loan. While payday loans in Gradyville, Kentucky are legal, they come with some risks. In this article, we’ll explore everything you need to know about payday loans in Gradyville, Kentucky to help you make an informed decision.

How Do Payday Loans Work?

Payday loans in Gradyville, Kentucky are available from check cashing stores and other lenders in the state who are permitted to offer payday loans. To apply, you’ll typically need to provide proof of income, a valid ID, and a checking account. If approved, the lender will usually issue a check or deposit the funds directly into your account. You will typically be required to repay the loan – plus interest and fees – on your next payday,

The interest rates on payday loans in Gradyville, Kentucky can be high, with APRs ranging from 391% to 521%. Lenders are also allowed to charge additional fees, including finance charges and late fees, which can further increase the cost of the loan. It’s essential to read the terms and conditions of any payday loan carefully, so you understand the interest rates and fees you’ll be charged before you commit to borrowing money.

What Are the Risks of Payday Loans?

Payday loans in Gradyville, Kentucky come with several risks, including:

  • High interest rates: As mentioned, the APRs on payday loans can be extremely high, making them a costly form of borrowing.
  • Additional fees: Lenders may charge extra fees in addition to interest rates, such as application fees, late fees, and finance charges.
  • Roll-over loans: If you’re unable to repay the loan on your next payday, some lenders may roll the loan over, which means extending the repayment term, but with additional fees and interest rates.
  • Debt cycle: Taking out multiple payday loans can lead to a cycle of debt, with borrowers continually borrowing money to repay previous loans. This can result in a never-ending cycle of debt that’s challenging to break.

How to Apply for a Payday Loan through TheGuaranteedLoans

While TheGuaranteedLoans is not a direct lender, we offer a valuable connection service for those looking for payday loans in Gradyville, Kentucky. When you submit an application on our website, we’ll connect you with potential lenders. Here’s how to apply:

  • Visit TheGuaranteedLoans website and click on the ‘Apply Now’ button at the top of the page.
  • Fill out our online application form and provide all necessary information.
  • We’ll review your application and connect you with potential lenders.
  • Once you’re connected with a lender, you’ll receive an offer with interest rates, fees, and other terms and conditions.
  • If you accept the offer, the lender will distribute the funds to your bank account.
  • Repay your loan on your next payday.

By using TheGuaranteedLoans, you can access payday loans in Gradyville, Kentucky more easily and conveniently than ever before. Our application process is fast, simple, and secure, ensuring that you receive the funds you need without the hassle of traditional lending.

Interesting Facts about Payday Loans in Gradyville, Kentucky

  • As of 2021, Kentucky is one of 32 states that allows payday lending.
  • In 2019, Kentucky lawmakers introduced legislation that would cap payday loan interest rates at 36%. However, the bill was not passed into law.
  • The average APR for payday loans in Kentucky in 2021 is 460%.
  • The maximum amount you can borrow through a payday loan in Kentucky is $500.

Final Thoughts

Payday loans can provide valuable financial assistance when you need money quickly. However, it’s essential to understand the risks and costs involved before making a decision. By using TheGuaranteedLoans’ connection service, you can access professional lenders more easily and conveniently, with minimal hassle. Apply now and get the funds you need.

F.A.Q.

Are there any alternatives to payday loans in Gradyville, Kentucky?

Yes, there are several alternatives to payday loans in Gradyville, Kentucky, such as small personal loans, credit union loans, or borrowing from friends or family.

What should I do if I am unable to repay my payday loan in Gradyville, Kentucky?

If you are unable to repay your payday loan in Gradyville, Kentucky, you should contact your lender immediately and discuss your options, such as negotiating a payment plan or seeking financial counseling.