Kentucky Financial Snapshot

The Bluegrass State’s poverty rate of 16.9% means that more than 700,000 Kentucky residents live at or below the poverty line.

At a Glance
  • Nickname: The Bluegrass State
  • Population: 4,411,989
  • Capital: Frankfort
  • Website:
Average Credit Card Debt and Median Household Income in Kentucky vs. Nationally
The U.S.
Average Credit Card Debt (Q2 2019)
Median Household Income

Payday Loans in Kentucky

A payday loan is a small cash loan, typically for under $500, that uses the promise of a borrower’s next paycheck as collateral. There are 707 payday lenders in Kentucky, which means there are more places to take out a payday loan than there are McDonald’s restaurants in the state.

The maximum amount a payday loan in Kentucky is legally allowed to be is $500.


Quick Facts: Payday Lending in Kentucky

Consumer Protection in Kentucky

Borrowers may contact the Kentucky Department of Financial Institutions at:

Borrowers may also file a complaint with the Kentucky Attorney General’s Consumer Protection Division:


Guides to Payday Loans in Kentucky Cities

Check out these payday loan guides to the following cities in Kentucky:


Works Cited