payday loans kentucky top five

Top 5 Reasons People Choose Payday Loans

In times where you feel strapped for cash and unable to handle whatever challenging situation comes your way, a payday loan is an option that can give you the freedom to handle what you're struggling to deal with. Accidents and emergencies are common and, when they strike, we’re rarely given enough time to figure out our financials. This can leave us feeling panicked and stressed out, but luckily there are loans out there, like payday loans, that can offer you financial relief for whatever you’re dealing with, whether it’s an emergency or a necessary purchase.

What is a Payday Loan?

A payday loan is a fast-loan option type that is intended to provide you with up to $500 in financial relief without the waiting and hassle of traditional loans. It’s a loan option that specializes in getting you money quickly, often on the same day that you apply on. Whereas other loans often have a long deliberation and application process, you find out whether you’re approved or not in a matter of minutes.

All you have to do is submit a short application that can be completed from the comfort of your home and a representative will contact you to invite you to your nearest store location for a meeting. During the meeting, you’ll be asked to provide the following pieces of information:

  • Your driver’s license or state-issued I.D.
  • A blank check from an active checking account in your name
  • Your most recent pay stub.

We won’t worry about conducting a credit score search because payday loans aren’t dependent upon your credit score for approval. Regardless of what your credit score is, you can be approved for a payday loan. Finding payday loans in Kentucky is easier than ever before thanks to our fast application process. Here are the top 5 reasons why people opt for these loans.

1. Payday Loans Are Fast

Payday loans are among one of the fastest loan types on the market. From the time you start your online application form to the time you’re approved for the loan, the entire process can take as little as 30 minutes if everything goes well. This is incredibly helpful when you need money in a pinch and need to obtain loans on the first day.

2. Your Credit Score Doesn’t Matter

I know I emphasized on this before, but the fact that your credit score doesn’t matter is one of the main reasons why people are so inclined to apply for these loans. Traditional loans and credit cards use your credit score to determine your eligibility which excludes these options for anyone without a solid credit score.

3. The Amount is Versatile

You already know that your approval is dependent upon your current employment status, but this employment status also helps our loan representatives to determine how much money you’ll receive for your loan. You can receive up to $500 for your payday loan.

This number will be determined during your face-to-face meeting with our loan representatives and the amount will be deposited directly into your checking account for you to use in whatever way you see fit. It’s that simple and we won’t monitor your use of the money once it’s in your hands.

4. No Collateral is Necessary

Loans that aren’t focused on credit scores often ask for you to offer up an asset as collateral in order for you to secure the money. While this isn’t a bad option, as it allows you to secure financials with a poor credit score, if you don’t have an asset to offer up, you might not be able to secure one.

To obtain a fast payday loan, you don’t need to offer anything up as collateral and, because we don’t worry about your credit score either, you can secure your payday loan without either of these things. Your eligibility for a payday loan is dependent upon your current state of employment. Without a job, you might not be approved, but if you have a job, you can be approved and receive your cash on the same day!

5. Applying is Easy

Another reason why payday loans are so popular if you need more reasons than those listed above is that the application process is easy. We understand that when you’re under financial stress, the last thing you want to do is jump through the frustrating hoops of a long application process for a loan. That’s why we’ve streamlined our application, making it simple and easy for you to complete in a timely fashion. We couldn’t promise you cash on the same day if completing our application took forever, which is why we’ve streamlined the process to make it as less headache-inducing as possible for you.


couple getting a payday loan in kentucky


How to Get Payday Loans in Kentucky

Finding a payday loan in Kentucky is easy, especially when you take into consideration the fast loan process and the multiple locations that we serve. While we do match you to your nearest store location, you can always visit our Locations Page to see your nearest store. If you find yourself in need of fast financial relief, a payday loan might be the option for you, especially when other loan options fail.

So? What are you waiting for? Visit our Homepage and apply for a payday loan in Kentucky today.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.