Payday Loans in Kentucky | Cash Advance in Kentucky
Kentucky Payday Loans Online
Throughout our life, we find tools that help us navigate through different crises of our life. Payday loans happen to be an excellent tool that can help you out on a financial rainy day. If you’re currently short of a few dollars–which might keep you from your normal daily routines–payday loans are something you might want to look into.
Usually, people take payday loans to cover expenses like back-to-school, groceries, bills, car repairs, or emergency medical expenses. These loans are taken against your future income. You, as a borrower, authorize a lender to give you cash today in exchange for the right for the lender to automatically deduct the principal and the agreed-upon interest from the correct account on the due date.
The State of Kentucky is in the southeastern region of the United States. Illinois, Indiana and Ohio border to the north, Virginia to the east, Tennessee to the south and Missouri to the west.
Kentucky is home to an exciting amount of topographical features. The world’s most extensive cave system is the Mammoth Cave National Park, which brings many tourists to the area. It’s also a historical place which is frequently called “My Old Kentucky Home.” It is most famously known for automobile manufacturing, tobacco, bluegrass music, college basketball and Kentucky Fried Chicken!
Kentucky has a population of about 4.47 million people and an annual population growth rate of 0.2% over the past five years. In addition to this, the state has a large gross state product reaching up to $189.4bn with a growth rate of 1.0% over the five years (through 2019). Kentucky’s capital is Frankfort, and the largest city is Louisville. Louisville is also the host of the Kentucky Derby, the renowned horse race held at Churchill Downs. Besides this, it also has the famous Kentucky State University, which brings a significant amount of students and revenue into the state.
Payday loans in Kentucky
A large percentage of Kentucky residents rely on different types of loans to keep their financial problems at bay. Payday loans have become a massive part of this list. While most laws are not that strict, the few that exist are worth understanding in order to successfully navigate your options when borrowing in Kentucky.
How much can I borrow?
You can take a loan of up to $500. According to the state regulations, taking a payday loan higher than that is considered illegal. Most people use these payday loans to cover small expenses when they fall just a few dollars short for high costs.
Payday loans are super-preferable for loans up to $500 because they’re readily available. In addition, almost all lenders have quick services, and you can generally receive the money in the 24 hours following your application.
Do they check my credit score?
No! The best thing about payday loans is that they don’t require traditional credit score checks. This is because, unlike bank loans, payday loans are not secured against an asset, nor must your credit score always be checked.
Instead, factors such as your employment history and your tenure at your current job act as important factors when taking a payday loan!
What happens if I don’t pay back on time?
You’re usually given a grace period to pay back the loan, after which an accumulation of interest begins. We highly discourage this as it just makes things harder for you.
In situations like this, it is highly recommended that you use budgeting to your advantage because that’s something that can help you turn over a new leaf.
Easy Online Application
We know lengthy applications can be stressful and exhausting. So, to make things convenient for you, we have put together an easy online application. It just takes a few minutes for you to enter your information. After this, you’re redirected to a lender’s website. Of course, we encourage you to read the terms and conditions of every loan very carefully before signing any contract!
All you need for our brief and easy application is:
- Banking Information
- A recent pay stub
Click here to start your application right away!
Best-Rated Payday Loan Stores in Florida
While some people prefer handling things online, it’s vital that we also consider the people who like doing business in person. Thus, we have compiled a list of our favourite payday loan stores in Kentucky for you!
Fast Payday Loans
2501 Madison Ave, Covington, KY 41014
Fast Payday Loans is a very established payday loan store with several different branches all over the country. Besides this, the store has an accommodating staff; they are very friendly and helpful with the online application process! So we would definitely say they’re one of the crowd favorites!
KY Cash Advance
620 Eastern Bypass E, Richmond, KY 40475
KY Cash Advance has a compelling opening deal for their first-time customers!. Besides this, they have comparatively low interest rates, which makes them one of the best customer choices.
Advance U Cash
4997 Houston Rd, Florence, KY 4104
Advance U cash has been in the payday loan business for more than two decades. This is a testament to the company’s credibility and reliability as they have a loyal customer base because of their dependable service and accommodating staff.
Bluegrass Check Advance and Payday Loans
810 W Main St, Glasgow, KY 42141
This store is one of the best stores in the whole of Kentucky. They don’t compromise on the quality of their service, which ensures that they provide loans promptly. In addition to this, the processing time is also just a few hours. As a result, we rarely hear complaints about them!
1801 Monmouth St, Newport, KY 41071
Check Smart is your go-to place if you’re looking for a big loan. They usually are known for considering applications for big loans and processing them as early as the same day. They’re a reliable store, and we definitely recommend them.