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Best Online Short-term Loans in Somerset

Need quick cash to tackle unexpected expenses? Waiting for the next paycheck can be frustrating. Short-term loans are the perfect lifeline when unexpected hurdles arise. The problem is real; whether it's a sudden car repair or an emergency medical bill, you need solutions fast. That's where our Best Cash Advance Short-term Loans come in! We offer a seamless and hassle-free process to secure the funds you need in a flash. Enjoy peace of mind knowing you’re covered with our tailored financial solutions. Don’t let unforeseen financial bumps disrupt your life—explore our short-term loan options today!

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Best Online Short-term Loans in Somerset

Cash Express
Check cash
5.00
1 reviews

Address: 5410 S Hwy 27, Somerset, KY 42501

Today's Business Hours: 9:30 AM - 5:30 PM

Phone Number: +1 (606) 561-3143

Website: cashexpressllc.com

Services:

Bill paying Cashier's checks Installment loans Payday loans Personal check cashing Title loans Cash For Gold Client Services Credit Card Dispute Resolution Flex Loans Line Of Credit Pawn Loans Prepaid Card
Check `n Go
Loan agency
5.00
10 reviews

Address: 81 KY-80 Suite E, Somerset, KY 42503

Phone Number: +1 (606) 679-5555

Services:

Business loans Flex loans Installment loans Line of credit Payday loans Signature loans Title loans Cash Advances Checking Account Credit Applications Credit Counseling Credit Reporting Financial Solution Flexible Options Loan Applications Loan Repayment New Loan Refinance My Loan Retail Loans Short-Term Loan Specialty Finance Store Finance
Lendmark Financial Services LLC
Loan agency
4.00
10 reviews

Address: 3786 US-27, Somerset, KY 42501

Today's Business Hours: 8:30 AM - 5:30 PM

Phone Number: +1 (606) 678-7171

Website: lendmarkfinancial.com/branches/ky/somerset/42501

Services:

Business loans Installment loans Signature loans Title loans Auto Loans Automobile Loans Estate Planning Home Repair Loan Personal Loans Merchant Finance Online Services Personal Lending Refinance An Existing Loan Unsecured Loan

Alternatives to Short-term Loans in Somerset

Short-term loans include various options such as personal, installment, and title loans, each catering to different financial needs. Personal loans are unsecured loans that provide a lump sum of money to be repaid typically within a few months to a year, without the need for collateral. Installment loans offer a structured repayment schedule with fixed monthly payments and are suitable for those seeking predictable budgeting. Title loans, on the other hand, are short-term secured loans where the borrower uses their vehicle as collateral, often resulting in higher interest rates and a faster repayment period, making them a quick but risky option for immediate financial needs.

Best Personal Loan

Eagle Finance
5.00
56 reviews

Short-term loans are a versatile solution for individuals needing quick access to cash. Interest rates and fees can vary, so finding the best option tailored to specific needs is crucial. For personal loans, some lenders offer low-interest, no-collateral options where borrowers can apply for amounts based on their creditworthiness. With an efficient application and approval process, these loans can be ideal for unexpected expenses or financial emergencies requiring immediate attention.

Best Installment Loan

World Finance
3.90
6 reviews

For installment loans, a top choice is a personal installment loan that can be acquired from a bank or online lender. These loans allow you to borrow a lump sum that is to be paid back over a predetermined period through fixed monthly payments. The predictable nature of the payments makes it easier to manage within a budget, and the loans generally feature lower interest rates compared to other short-term borrowing options. This makes them suitable for individuals looking to finance larger expenses in a manageable way.

Loan Regulations in Kentucky

In Kentucky, the regulations governing short-term loans are designed to protect consumers while providing them with access to quick cash for short-term needs. The state permits a maximum short-term loan amount of $500, with a loan term that can extend up to 60 days, offering flexibility beyond the typical 30-day period found in many other states. Interest rates and fees are regulated, with Kentucky law stipulating a maximum fee of $15 per $100 borrowed, plus a $1 database fee.

This regulation helps in keeping the costs transparent and manageable for borrowers. To be eligible for these loans, applicants generally need to demonstrate proof of income, have a valid bank account, and meet other standard requirements. These regulations in Kentucky are implemented state-wide, ensuring that all short-term loan transactions are conducted under consistent and fair practices, thereby protecting consumers from potentially predatory lending while still providing them with necessary short-term financial solutions.

Short-Term Loan Calculator

day(s)
%
$

Estimated Payment

$327.12
Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Where to Use Short-term Loan

Individuals who have taken out a short-term loan can allocate the funds for a variety of essential service providers in their area. These services include medical treatments, which cover both emergency and routine procedures, as well as crucial car repair facilities to ensure their vehicle's safety and functionality. Additionally, they can manage urgent legal consultations, cover funeral expenses, or invest in appliance repair services to maintain household operations.

Car Repair and Service
516 Ogden Street, Somerset, KY 42501
+1 (606) 678-8107
Car Wash
1472 South Highway 27, Somerset, KY 42501
+1 (606) 679-1549
Club & Association
160 Scenic View Drive, Somerset, KY 42503
+1 (606) 274-0269
College/University
46 Turpen Court, Somerset, KY 42503
+1 (606) 676-0838
Community Center
1011 Hunters Run, Somerset, KY 42501
+1 (606) 677-2723
Curtains/Textiles
5454 South Highway 27, Somerset, KY 42501
+1 (606) 679-6389
Dentist
125 Barnett Street, Somerset, KY 42501
+1 (606) 679-1204
Doctor
120 Tradepark Drive, Somerset, KY 42503
+1 (859) 263-3900
Fast Food
704 South Highway 27, Somerset, KY 42501
Fitness Club & Center
120 East Somerset Church Road, Somerset, KY 42503
+1 (606) 679-7429
Government Office
203 East Mount Vernon Street, Somerset, KY 42501
+1 (606) 677-2801
Hospital
100 Neighborly Way, Somerset, KY 42503
+1 (606) 677-0166
Library
808 Monticello Street, Somerset, KY 42501
+1 (606) 451-6170
Local Post Office
119 North Maple Street, Somerset, KY 42501
+1 (606) 679-3802
Movie Theater
100 Mercury Boulevard, Somerset, KY 42503
+1 (606) 451-0014

FAQ

What is a Short-Term Loan?

Short-term loans are typically small loans that must be repaid within a short period of time, usually within a few months. They are designed to cover immediate financial needs and can be an effective solution for unexpected expenses.

Can I Get a Short-Term Loan with Bad Credit?

Yes, it is possible to get a short-term loan with bad credit. Many lenders specialize in offering loans to individuals with less-than-perfect credit scores. However, the interest rates and fees might be higher than those offered to borrowers with better credit ratings.

What Are Same-Day Loans?

Same-day loans are a type of short-term loan where the funds are disbursed on the same day as the application is approved. These loans are ideal for emergencies when you need quick access to cash.

How Do Short-term Loans Work?

Short-term loans are a form of short-term financing that you repay on your next payday. They typically come with high-interest rates and fees, and the borrowing amounts are usually small, ranging from $100 to $1,000.

What Are the Requirements for Obtaining a Short-Term Loan?

To qualify for a short-term loan, you usually need to be at least 18 years old, have a steady source of income, and hold an active bank account. Some lenders might also require proof of identity and residence.

How Quickly Can I Receive the Funds from a Short-Term Loan?

If approved, the funds from a short-term loan can often be deposited into your bank account within the same day or by the next business day, depending on the lender and the timing of your application.

Are There Alternatives to Short-Term Loans?

Yes, alternatives to short-term loans include borrowing from family or friends, negotiating a payment plan with creditors, or seeking assistance from local charities or non-profit organizations. Exploring these options might result in lower costs than a short-term loan.

Find Short-term Loans Near Me

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Somerset ZIP Codes

42501
42502
42503
42533
42564