Payday Loans in Chebeague Island, Maine

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Chebeague Island, ME. Consider companies in other cities:

Company nameAddressZip codePhone number
Casco Federal Credit Union 393 Ossipee Trail E, Gorham, ME 04038 +1 (207) 839 - 5588
TD Bank 299 Elm St, Biddeford, ME 04005 +1 (207) 283 - 8590
UBS Financial Services Inc. 30 School St 2, Rockland, ME 04841 +1 (207) 594 - 9001
Androscoggin Bank 12 Subaru Dr, Auburn, ME 04210 +1 (207) 777 - 6642
Bangor Savings Bank 241 US-1, Scarborough, ME 04074 +1 (207) 883 - 8404
Bath Savings Institution 424 US-1, Yarmouth, ME 04096 +1 (207) 846 - 1156
TD Bank Contact Center 763 Turner St, Auburn, ME 04210 +1 (888) 751 - 9000
First National Bank 223 Main St, Damariscotta, ME 04543 +1 (207) 563 - 3195
KeyBank 172 Maine St, Brunswick, ME 04011 +1 (207) 729 - 2600
cPort Credit Union 285 Forest Ave, Portland, ME 04101 +1 (207) 200 - 2300

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Chebeague Island, ME, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Bangor, ME, Online Loans in Lewiston, ME and Payday Loan Without a Credit Check in Portland, ME. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Chebeague Island, ME.

Beautiful sights of Chebeague Island, ME

Payday Loans Available in Chebeague Island, ME By The Following ZIP Codes:

04017

Are Payday Loans Legal In Chebeague Island, Maine?

Loan Rates and Fees, Laws and Regulations in Maine.

Maine Loan Regulations

Legal StatusPermitted for supervised lenders only
Interest Rate (APR, %)30% APR; In Fact - 217%
Maximum Loan Amount$2,000
Minimum Loan TermNot Specified
Maximum Loan TermNot Specified
Number of Rollovers AllowedNot specified
Finance ChargesAlternative to small loan cap: <$75 = $5; $75-$250 = $15; >$250 = $25

Chebeague Island, ME payday loan calculator

Understanding Payday Loans in Chebeague Island, Maine: A Comprehensive Guide

Payday loans are a popular source of short-term funding for those experiencing immediate financial needs. In the state of Maine, payday loans are permitted for supervised lenders only. This means that consumers need to be diligent when searching for a lender. In this article, we will provide a guide on how payday loans work in Chebeague Island, Maine, and what to consider before taking one out.

How do Payday Loans Work in Chebeague Island?

A payday loan is typically a loan of $500 or less, meant to be repaid with your next paycheck. Lenders in Maine can charge up to 30% interest on payday loans, which can add up quickly. While the loan terms and interest rates can vary, most payday loan borrowers must provide proof of income, such as a pay stub, and have a checking account for the loan to be deposited directly into.

In Chebeague Island, borrowers can apply to lenders in-person or online. The application typically takes less than 30 minutes, and if approved, the funds are usually available the next business day. While payday loans can be useful in a financial emergency, it’s important to read the terms and conditions carefully before signing up for a loan.

Considerations Before Taking Out a Payday Loan

Before taking out a payday loan in Chebeague Island, it’s important to consider the following:

  • Is it necessary? Payday loans should be taken out as a last resort, after all other avenues of financial assistance are exhausted. Make sure the expense is necessary before you commit to taking out a loan with high-interest rates.
  • Can you repay the loan on time? Often, payday loans must be repaid within two weeks, or whenever your next paycheck comes in. Make sure you have a plan to pay back the loan on time, including interest and fees.
  • What are the fees and interest rates? Make sure to read the fine print and understand all fees and interest rates associated with the loan before accepting the funds. Usury laws constrain lenders to charge 30% or less, which is still high.
  • Are there any alternatives? Before taking out a payday loan, consider alternatives such as asking a friend or family member for a loan, negotiating with a creditor, or requesting an advance from your employer.

Interesting Facts and Statistics about Payday Loans in Chebeague Island, Maine

  • According to a study by the Inspector General of the Federal Reserve and the Consumer Financial Protection Bureau, 62% of all payday loans are made to people who take out at least seven payday loans in a row.
  • In Maine, a survey conducted by the The Pew Charitable Trusts found that 64% of borrowers used the payday loan for unexpected expenses, including car repairs or medical bills.
  • Maine law permits payday loans for supervised lenders only, pushing unscrupulous lending services out of the market.
  • The APR for payday loans in Maine averages at 217%. While taking out a payday loan may provide temporary relief, it can lead to a cycle of debt that can be difficult to break.

Apply Now for a Payday Loan in Chebeague Island through TheGuaranteedLoans

If you have considered all options and decided that a payday loan is the best option for you, applying through TheGuaranteedLoans can be a safe and easy process. We are a connector service, not a direct lender, and facilitate connections between borrowers and potential lenders. To apply for a payday loan in Chebeague Island, fill out an application at our website, and we will connect you with a prospective lender. Remember to read all terms and conditions carefully before accepting a loan offer.

In conclusion, while payday loans can be a valuable resource for those in financial emergencies, they must be used with caution. Make sure to consider all other options before applying, and read all terms and conditions carefully. By following these guidelines and working with a trusted lender, payday loans can provide the immediate financial relief you need.

F.A.Q.

Are payday loans regulated in Chebeague Island, Maine?

Yes, payday loans are regulated in Chebeague Island, Maine by the Maine Office of Consumer Credit Regulation. Lenders must be licensed and adhere to the state's regulations regarding loan amounts, fees, and repayment terms.

How do I file a complaint about a payday lender in Chebeague Island, Maine?

If you have a complaint about a payday lender in Chebeague Island, Maine, you can contact the Maine Office of Consumer Credit Regulation to file a complaint. You can also file a complaint with the Consumer Financial Protection Bureau.

Look for Short-Term Loans in Other Cities: