Payday Loans in Cumberland Center, 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 Cumberland Center, ME. Consider companies in other cities:

Company nameAddressZip codePhone number
Embrace Home Loans - South Portland, ME 869 Main St, Westbrook, ME 04092 +1 (207) 808 - 4300
Bangor Savings Bank 73 Camden St, Rockland, ME 04841 +1 (207) 593 - 0308
Atlantic National Trust 50 Portland Pier 400, Portland, ME 04101 +1 (800) 347 - 1080
TD Bank 34 School St, Rockland, ME 04841 +1 (207) 596 - 6641
People's United Bank 112 Maine St, Brunswick, ME 04011 +1 (207) 729 - 3355
Northeast Bank - Buckfield 2 Depot St, Buckfield, ME 04220 +1 (207) 336 - 2371
Bar Harbor Bank & Trust 44 Moosehead Trail, Newport, ME 04953 +1 (207) 368 - 7767
Cumberland County Federal Credit Union Operations Center 101 Gray Rd, Falmouth, ME 04105 +1 (207) 878 - 3441
PeoplesChoice Credit Union 23 Industrial Park Rd, Saco, ME 04072 +1 (207) 282 - 4156
loanDepot 10 Atlantic Pl Unit A-10, South Portland, ME 04106 +1 (207) 401 - 2500

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cumberland Center, ME, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Bangor, ME, Payday Loans in Lewiston, ME and Payday Loans 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 Cumberland Center, ME.

Beautiful sights of Cumberland Center, ME

Payday Loans Available in Cumberland Center, ME By The Following ZIP Codes:

00000

Are Payday Loans Legal In Cumberland Center, 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

Cumberland Center, ME payday loan calculator

Payday Loans in Cumberland Center, Maine: A Comprehensive Guide

If you’re in Cumberland Center, Maine, and facing some financial difficulties, you might be considering a payday loan to help you get by until your next paycheck. Payday loans are short-term, high-interest loans designed to bridge the gap between paychecks. In Cumberland Center, Maine, payday loans are permitted only for supervised lenders. Here’s what you need to know.

What are payday loans?

Payday loans are small, short-term loans that are intended to be paid back with your next paycheck. The idea is that the loan will cover your expenses until your next payday, at which point you’ll pay back the loan plus interest.

However, the interest rates on payday loans can be extremely high, often reaching hundreds of percent. This, combined with short repayment terms and high fees, can make it difficult for borrowers to pay off their loans on time and can lead to a cycle of debt.

Are payday loans legal in Cumberland Center, Maine?

Payday loans are permitted for supervised lenders only in Maine. In addition, the state has implemented strict regulations to govern payday lending. These regulations include:

  • Loans can have a maximum term of 31 days.
  • Lenders can charge up to $15 per $100 borrowed, up to a maximum of $250.
  • Lenders must be licensed and adhere to state regulations.
  • Borrowers may only have one outstanding payday loan at a time.
  • Lenders must disclose all terms and fees in writing before a borrower signs for a loan.

How to apply for a payday loan in Cumberland Center, Maine

If you’ve decided that a payday loan is the best option for you, here’s how to apply:

  1. Research lenders: Look for licensed lenders in your area and compare rates and terms.
  2. Apply: Fill out an application either in-person or online. Be prepared to provide your contact information, proof of income, and banking information.
  3. Review terms: Make sure you understand all terms and fees associated with the loan before signing any paperwork or agreeing to anything.
  4. Receive funds: If approved, you’ll receive your funds in as little as one business day.
  5. Repay: Make sure you understand when and how the loan will need to be repaid. If you’re unable to repay the loan on time, you may be subject to additional fees and interest charges.

Apply Now

If you need a payday loan in Cumberland Center, Maine, we can help. TheGuaranteedLoans is a connector service that can connect you with potential lenders. We don’t lend money directly, but we’ll help you find lenders who may be able to offer you the funds you need. Apply now to get started!

Interesting Facts and Statistics about Payday Loans in Cumberland Center, Maine

  • In 2020, Maine’s payday lending industry saw a decline in activity, with just 20,764 loans issued, down from more than 25,000 in 2019.
  • The average payday loan in Maine was $365 in 2020.
  • Maine’s annual percentage rate (APR) cap for payday loans is 260%, among the lowest in the country.

While payday loans are legal in Maine, it’s important to remember that they are a high-cost borrowing option. Borrowers should only take out payday loans if they’re confident they can repay the loan on time, and they should always compare rates and terms from multiple lenders before agreeing to anything.

F.A.Q.

Are there any restrictions on the number of payday loans I can take out in Cumberland Center, Maine?

Yes, in Cumberland Center, Maine, you are not allowed to take out more than four payday loans per year. This is to prevent consumers from becoming trapped in a cycle of debt and to ensure that payday loans are used responsibly.

Can I be charged with late fees if I am unable to make my payday loan payment on time in Cumberland Center, Maine?

Yes, if you are unable to make your payday loan payment on time in Cumberland Center, Maine, the lender may charge you late fees. These fees are in addition to any interest or other fees that may be charged for the loan.

Look for Short-Term Loans in Other Cities: