Payday Loans in Stambaugh, Kentucky

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

Company nameAddressZip codePhone number
Ag Credit 106 Cs-1097, Stanford, KY 40484 +1 (606) 365 - 7500
Pulaski Financial Services Inc 84 Sycamore St, Burnside, KY 42519 +1 (606) 677 - 2735
World Finance 324 S Main St, Leitchfield, KY 42754 +1 (270) 259 - 3121
Check Into Cash 300 Sam Walton Dr #1300, Somerset, KY 42503 +1 (606) 451 - 3136
First Kentucky Bank 223 S 6th St, Mayfield, KY 42066 +1 (270) 247 - 1403
World Finance 1848 S US Hwy 421, Harlan, KY 40831 +1 (606) 573 - 1181
Credit Fair-E 2303 Hurstbourne Village Dr Suite 300, Louisville, KY 40299 +1 (812) 329 - 5045
Walmart Money Center 28402 US-119, Belfry, KY 41514
Bluegrass Check Advance and Payday Loans 121 Copper Creek Dr, Powderly, KY 42367 +1 (270) 377 - 3646
Cash Exchange 304 E 2nd St, Grayson, KY 41143 +1 (606) 474 - 0776

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Stambaugh, 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

Stambaugh, KY payday loan calculator

Understanding Payday Loans in Stambaugh, Kentucky

When you find yourself in need of quick cash to cover unexpected expenses, it can be challenging to know where to turn. Payday loans in Stambaugh, Kentucky, are one option for people who need fast access to funds.

Before you consider applying for a payday loan, it’s essential to understand how these loans work, the benefits they offer, and the potential risks.

What are payday loans?

A payday loan is a short-term loan that typically has a term of two weeks. The loan amount is usually small, ranging from $100 to $500. Payday loans are designed to be repaid in full when the borrower’s next paycheck arrives.

To apply for a payday loan, borrowers must provide proof of income and a valid ID. Credit checks are usually not required.

Legal status of payday loans in Stambaugh, Kentucky

Payday loans are legal in Kentucky but regulated by state law. Check cashers are the only entities authorized to offer payday loans in Kentucky.

The state has set limits on how much a borrower can receive in a payday loan. The loan amount cannot exceed $500. Additionally, a borrower cannot take out more than two payday loans at one time or roll over a loan more than three times.

Benefits of payday loans

The main advantage of payday loans is their accessibility. Borrowers with imperfect credit scores or no credit history can still be approved for a payday loan.

Payday loans also offer quick access to cash, often the same day the application is submitted. This speed is especially important when facing unexpected expenses, such as a car repair or medical bill.

Risks of payday loans

Despite their benefits, payday loans can be risky for borrowers. The high-interest rates charged by these loans can trap borrowers in a cycle of debt. The Consumer Financial Protection Bureau notes that the average payday loan borrower ends up taking out ten loans a year.

Additionally, the short repayment window can make it challenging for borrowers to repay the loan in full on time. In some cases, borrowers may end up rolling over the loan and incurring additional fees and interest.

Interesting statistics about payday loans in Stambaugh, Kentucky

  • The average payday loan in Kentucky is $340
  • Approximately 18 percent of Kentucky households have taken out a payday loan
  • Kentucky residents pay an average of 461 percent APR on their payday loans

Applying for a payday loan with TheGuaranteedLoans

TheGuaranteedLoans is a connector service that can help you find potential lenders who offer payday loans in Stambaugh, Kentucky. We are not a direct lender. Instead, we work with a network of lenders to facilitate your loan application and connect you with lenders who may be willing to offer you a loan.

If you’re considering applying for a payday loan, you can submit an online application on our website. Our application process is simple, and we don’t require a credit check to apply.

At TheGuaranteedLoans, we understand that unexpected expenses can be stressful. Our goal is to help you find the right short-term loan to meet your financial needs quickly and easily.

In conclusion

Payday loans in Stambaugh, Kentucky, can be a valuable option for borrowers who need quick access to cash. However, it’s essential to understand the potential risks associated with these loans and to be responsible when borrowing money. By working with a reputable loan connector service like TheGuaranteedLoans, you can find the money you need and avoid the potential pitfalls of payday loans.

Apply now for a quick and easy way to find a payday loan in Stambaugh, Kentucky!

F.A.Q.

Are payday loans legal in Stambaugh, Kentucky?

Yes, payday loans are legal in Stambaugh, Kentucky.

What is the maximum loan amount I can borrow in Stambaugh, Kentucky?

The maximum loan amount you can borrow in Stambaugh, Kentucky is $500.