How To Get A Direct Cash Loan in Kentucky

How to get started in Kentucky

A direct cash loan comes straight from the lender that funds it. If you need one in Kentucky, the steps are simple: know what you need, compare the cost and make sure the lender is allowed to lend to you.

Credit Fair-E used to lend in Kentucky but no longer makes loans. You can use our partner, Oakwood Financial, to look for options. Oakwood Financial is an advertising network rather than a direct lender, and its service is not available in every state, so it may not be able to help everyone in Kentucky.

Before you borrow in Kentucky

Work out the amount. Borrow only what you need and can repay.
Check the lender’s license. The Kentucky Department of Financial Institutions regulates consumer lenders in the state.
Compare the APR and total cost. The same amount can cost very different sums at different lenders.
Read the repayment schedule. Line up the due dates with your paychecks.
Gather your details. Lenders commonly ask for ID, proof of income and a bank account.

Direct cash loans and your credit

When used well, an installment loan can help a thin credit file, provided the lender reports your payments to the bureaus. Paying off high-interest card balances can also lower your credit utilization. Missed payments have the opposite effect. Our guide on how to fix your credit score explains more.

Paying back your Kentucky loan

Choose a payment date you can always meet, set a reminder and pay early if your loan allows it without penalty. If you fall behind, call your lender straight away, because many will work with you before an account goes to collections.