Fair to Bad Credit Loans in KYWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Kentucky Last updated: August 20 2019 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in Kentucky?It's hard when your credit is bad right? We can help, and in about 10 seconds you're going to see how. Enter your zip and credit score to get started! Kentucky Usury and RegulationsSummary of Kentucky Usury Law(s) / Quote: "Legal: 8% / Contract: 4.5% on loans $15,000 or less; 1.5% on bank & trust company loans of $15,000 or less; others any rate / Judgment: 12% / Corporate: No specific rate" (WeFindLenders.com endeavors to include the most up to date legal data for Kentucky, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Kentucky, and/or contact the Kentucky State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Kentucky Usury Law Information: Kentucky Revised Statutes Chapter 360 - Interest, fees, and charges Legal Maximum Interest Rates: Quote: "The max legal interest rate in Kentucky is 8 percent unless there’s an agreement otherwise. Even then, parties can’t agree to a rate more than 4 percent higher than the Fed rate or 19 percent, or whatever is less, for a amount of $15K or less, or any rate for a loan of $15K or more as provided by the contract" Usury Penalties:
Quote: "Knowingly charging an interest rate greater
than the law permits forfeits the entire interest of the debt, in
addition, the borrower may recover twice the amount of interest he
or she has paid" Kentucky Lenders By CityLouisville KY / Lexington KY / Bowling Green KY / Owensboro KY / Covington KY / Hopkinsville KY Complaints to: Kentucky Department of Financial Institutions / 1025 Capital Center Drive, Suite 200, Frankfort, KY 40601 / 502-573-3390 (Telephone) / 800-223-2579 (Toll Free) / 502-573-0086 (Fax) / Email: kfi@ky.gov Kentucky Lender Service Areas MapClick
or tap map image above for interactive version. Commonwealth Credit Union Autotruck Financial Credit Union Jefferson County FCU University of Kentucky FCU Greater Kentucky Credit Union Metro Employees Credit Union Commonwealth Credit Union Service One Credit Union Fort Knox FCU Service One Credit Union Bad Credit Loan Form for KentuckySignature Loan Example In KentuckyJeanne is moving to take a new job so she can be closer to work and spend a lot less time commuting. Her new job actually pays her more than she is currently making, however the commuting cost was going to eat up all of the extra income she was going to be making. Jeanne does not have any emergency savings set aside
and she also only has one credit card with a thousand dollar limit.
Jeanne needs some money to pay for the deposit she is making on the new rental apartment and the moving expenses. She will probably need to buy a few things to be
more comfortable in her new place, but until she gets there she is
not sure just what she needs and how much she will spend. The new one is in a brand new building so no one
has ever lived in the apartment before. Jeanne is really looking forward
to her new place. She just needs this loan approved so she can reserve
it. This move will actually save her a great deal of
money each month. She should really take the money she is saving by
moving and put it into a savings account to pay expenses for emergencies
and other special needs she may have from time to time. The money can be in her checking account within a few days, however once it is approved she can commit to the new apartment, give notice on her existing one and hire a moving company to help her move. She is also thinking of asking some of her friends
to help her move which would save her a little money. She would have
to pay for the rental truck and of course the beer and pizza for everyone. If you live in the State of Kentucky and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way. Sincerely, Chris Somerset Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron. Debt Consolidation Loans in KentuckyLast 5 debt service loans approved in the State of Kentucky. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $7500 $15000 $25000 $95000 $60000 5.60% 15.31% 11.09% 14.28% 14.97% Debt Consolidation Providers In KYClick
or tap map image above for interactive version. Credit Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Credit Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - BNGC Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - OneMain Financial - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Fort Knox Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - First Financial Credit - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Heartland Credit Corporation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Regional Medical Center Fcu - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Owensboro Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - General Electric Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - C-Plant Federal Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Hopkins County Schools CU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Any Kentucky lender can approve a loan
with a lower rate than what your current debts carry, but your credit
score will dictate what your new rate will be. Don't bother getting a
loan for the purpose of consolidation other debt unless the rate of the
new loan is well below your current balances. Also, make sure you read
the loan agreement thoroughly before signing into a contract agreement.
David’s daughter is in the hospital
and he feels that the amount he will owe the hospital along with his other
bills is going to be just too much for him to deal with this month. He would like a debt consolidation loan
to help him deal with the medical bills and his ongoing credit card bills
that he is dealing with. In total he will owe about $7500 for
the medical bills and the credit card balance he is dealing with. He would
like to repay the loan over a three year term. He is afraid of suddenly finding that
he owes too much money and does not want to risk paying high interest
rates on the balances. Currently he owes $2000, but has enough
cash to pay the balance in full, however he is worried about the medical
bills he is about to receive. He has health insurance; however, the
deductible is $6000. He chose this high deductible to lower is monthly
payments. He did not expect to have to deal with this kind of health issue. If the estimate is good and they do not
go over the high number of $5500, he will be able to immediately repay
$2000, which will reduce his interest cost and also his term of the loan. He has a good credit rating and this loan
will ensure that he maintains that level by not missing any payments or
carrying a credit card balance for a longer period. He should also set aside more funds to
deal with future emergencies instead of looking for a loan each time.
That is for the future, right now we wish
him and his daughter the best of luck while they deal with this medical
emergency. He is thinking ahead and trying to make
sure that he can pay all of his debts on time. If you live in the State of Kentucky and
you're trying to get approved for a debt consolidation loan, we hope our
website helps you find a good lender regardless of your credit rating. Andy Somerset Andy
Somerset is the son of Lance Somerset who founded the We
Find Lenders Pool. He writes for WeFindLenders.com whenever he's not
working hard on his degree in finance. Click
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