7 Things About Online Payday Loans KY You Might Not Know

April 14, 2021 | Louis Tully

Man applying for online payday loans in KY

Are you in a pinch and looking for ways to get emergency cash in Kentucky? Then check out online payday loans in KY offered by Fast Payday Loans of Kentucky, Inc. With flexible repayment options and easy to meet requirements, you’re sure to qualify and get the needed money in as little as 30 minutes. But before you apply, there are a few important things you need to know about. So, keep them in mind when getting online payday loans KY.

7 Things You Need to Know About Online Payday Loans KY

1. You Need a Valid State-Issued ID to Apply

Online payday loans KY has to offer, while possibly the most accessible loans out there, are also highly regulated. You need to be of legal age to be eligible and be able to prove you’re over 18 by providing sufficient valid documentation.

This can either be a state-issued photo ID or a state-issued driver’s license.

2. You Need an Active Checking Account

Another important thing you’ll need to apply for online payday loans in KY is an active checking account in your name. Unfortunately, you won’t be able to use another person’s checking account, even if they’re a close relative and gave you a special written permission to use their account.

To prove that you have an active checking account, you’ll be asked to provide a blank check from the account that has your name on it. That’s one of the required items for online payday loans in KY that you need to prepare in advance.

3. Your Credit History Doesn’t Matter

The best part about online payday loans in KY is that your eligibility doesn’t depend upon your credit score.

Anyone can apply for online payday loans in KY and get approved as long as they meet just a few main requirements. This means they can be eligible for the loan not only if their credit is bad, but even if it’s nonexistent.

Other credit issues such as discharged bankruptcy, charge-offs, and bounced checks do not affect your eligibility either.

4. Your Credit Won’t Be Affected

When you’re getting started with online payday loans in KY, you can rest assured that the records will be kept private, and the loan information will stay only between you and the lender.

Fast Payday Loans Kentucky won’t report the loan to any credit bureaus, meaning it won’t affect your existing credit score in any way, be it negatively or positively.

5. Paycheck Makes Everything Easier – But It’s Not Always Necessary

While proof of income is one of the requirements to be eligible for online payday loans in KY, you don’t necessarily need a pay stub to get approved.

This is when the flexibility of payday loan qualifying requirements comes into play. While providing a pay stub is the easiest way to get approved, if you’re unemployed you can use other means to prove you’re able to pay the loan off.

While no bank is likely to approve a loan for unemployment benefits, welfare checks, or alimony – payday loans are a different story.

If you’re unemployed and in need of a loan – you can easily start the online application process for payday loans and talk to the loan representative you’ll get in contact with about your situation.

He will review your situation and provide the most optimal solutions to help you get approved.

6. You Can Have Two Payday Loans at The Same Time

If you’re unlucky enough to get hit by another emergency expense, after you’ve already taken a payday loan out, you might need another one.

Luckily, with Kentucky payday loans, you can have two (2) at the same time – as long as they’re not totaling more than $500 at any given moment.

Talk to the loan representative for more details.

7. Payday Loans are One of the Fastest Ways to Acquire Emergency Cash

Man with payday loan cash

It’s important to note that you shouldn’t apply for any loan – including a payday loan – unless you have no other options to get cash together. Adding to your financial obligations should never be your preferred course of action.

That said, when you’re hit by an unexpected time-sensitive expense – you have medical bills to cover, your car needs a checkup, your pet has just had emergency surgery, your rent is overdue, etc. – getting cash ASAP is how you save in the long run.

And if that’s your case, then getting fast payday loans online is an optimal solution specifically because of how fast they are.

The entire application procedure typically lasts less than an hour – could last as little as 30 minutes – and, if approved, you’ll get the cash the very same day.

How Do I Apply for Online Payday Loans in KY?

  1. Get the required items I order before applying. You’ll need your state-issued valid ID, your most recent pay stub (or other proof of your ability to repay the loan), and a blank check from an active checking account in your name;
  2. If the required items are in order, go to the Main Page of the website, fill out and submit the online form;
  3. Wait for the store representative to contact you with further details and schedule a meeting with you;
  4. Take the required items to the meeting. Have the representative assess everything to determine if you qualify for the loan;
  5. Get approved, complete the easy paperwork, and get the cash!

Apply for Your Online Payday Loan in KY Today!

Now that you know the 7 things about online payday loans in KY as well as the reasons to choose them, it may be the right time to get the process started by filling out an online form. Don’t wait and apply for your payday loan today!