The 6 Ways a Kentucky Payday Loan Can Help You Today
February 17, 2021 | Peyton Sawyer
If you’re living paycheck to paycheck like the majority of Americans do (over 60% of us, in fact) then you know what it feels like to be hit by an unexpected expense. This is where places, like Kentucky payday loan, come in the most handy.
The bitter truth is that most of us cannot handle being hit by a financial emergency without busting our budget. A car breakdown, a clogged sewer, a pet needing urgent surgery, an emergency root canal – all of these are but a tip of the iceberg when it comes to the long list of emergencies that force an average person to face a terrible decision of either handling it or putting food on the table.
And naturally, when you choose to put the food on the table, postponing dealing with the problem – it only exacerbates further and demands more money to be fixed down the line.
This is why it’s important to have an emergency fund that covers at least 3 months’ worth of your expenses – so that even in the worst-case scenario, you always have enough to avoid being in a pinch.
But building up an emergency fund takes time, and time is one thing you don’t have when the problem is already here. This is where the Kentucky payday loan comes in.
How a Kentucky Payday Loan Can Help You
1. You Get the Cash the Same Day
When it comes to larger financial institutions, like banks, the one thing they aren’t is fast. And when time is of the essence, going to them for a loan feels like fighting another uphill battle when you’re already fighting on two fronts.
Kentucky payday loans, on the other hand, makes it a priority to have your financial needs taken care of fast and efficiently. The whole application and approval process lasts on average just between 30 and 46 minutes, and if you’re approved for the loan – you get the money the very same day.
2. You Won’t Need to Go Through Bureaucratic Hell
Another problem with banks is that you have to constantly send them numerous documents for a prolonged amount of time (sometimes up to two weeks) before you’re either approved or rejected. Kentucky payday loan, or Fast Payday Loans Kentucky, isn’t like that. As long as you’re 18 years old and can prove you have some sort of income that can be used to pay off the loan, you need just a few easily obtainable documents to apply: your government-issued ID (to prove you’re over 18), your most recent pay stub, and a blank check from an active checking account in your name.
3. Your Credit History Won’t Matter...
Fast Payday Loans Kentucky store representative will make a decision about approving you for the Kentucky payday loan while checking over the above-mentioned documents.
Unlike the larger financial institutions, they won’t be considering your credit history for approval – so you can easily get approved even if your credit score is bad or non-existent altogether.
4. …and Neither Will It Be Influenced
If you’re hesitant about getting started with a Kentucky payday loan, because you’re worried about it negatively impacting your existing credit score – you have nothing to worry about.
Fast Payday Loans Kentucky doesn’t report their loans to credit bureaus, so they won’t be influencing your credit history in any way, be it negative or positive.
The loan is just between you and the lender.
5. You Won’t Be Able to Abuse Them
One of the biggest temptations when it comes to a fast payday loan is to over-borrow – i.e. take on more than you strictly need, just because you qualify for it.
While having more money on hand sounds enticing, you should always remember that no loan is free. You’re a borrower and you have to return what you borrowed to the lender.
With Kentucky payday loans you won’t be able to over-borrow due to their limited cup – you can only take out up to $500. Which is an optimal amount to handle an emergency, but not to spend frivolously.
6. You’ll Be Accommodated Every Step of the Way
Fast Payday Loans of Kentucky representative will walk you through the entire procedure step by step, and you can always ask about any details either during the first phone call or the subsequent face-to-face meeting.
They will work with any type of income, as long as you can prove you’re able to pay the loan off in the future and will do their best to set up an optimal repayment schedule.
How Do I Apply for the Kentucky Payday Loan Online?
- Go to the website and fill out the cash online form.
- Wait for the store representative to contact you and set up the meeting.
- Take the necessary documents (your ID, your most recent pay stub, the blank check from an active checking account in your name) to the meeting for the representative to assess them.
- Get approved and get the cash.
When in need of a Kentucky payday loan, remember, to first go to Fast Payday Loans of Kentucky for your best consideration and customer service. They will do their best to make sure you are given what you needed, same day payday loan cash, to get through the hardships you may be experiencing.