Payday Loans in Owls Head, 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 Owls Head, ME. Consider companies in other cities:

Company nameAddressZip codePhone number
Bangor Savings Bank 196 Main St, Ogunquit, ME 03907 +1 (207) 420 - 3965
Norway Savings Bank 1 Parkway Rd 100, Bethel, ME 04217 +1 (207) 824 - 4989
Bar Harbor Bank & Trust 44 Moosehead Trail, Newport, ME 04953 +1 (207) 368 - 7767
KeyBank 172 Maine St, Brunswick, ME 04011 +1 (207) 729 - 2600
Bath Savings Trust Co 105 Front St, Bath, ME 04530 +1 (207) 443 - 6296
Partners Bank 408 US-1, York, ME 03909 +1 (888) 226 - 5747
Bath Savings Institution 189 Lower Main St, Freeport, ME 04032 +1 (207) 865 - 6998
Gardiner Federal Credit Union 420 Brunswick Ave, Gardiner, ME 04345 +1 (207) 582 - 2676
TD Bank 250 Maine Mall Rd, South Portland, ME 04106 +1 (207) 774 - 7675
People's United Bank 3 Elm St, Kennebunkport, ME 04046 +1 (207) 967 - 2000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Owls Head, ME, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit 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 Owls Head, ME.

Beautiful sights of Owls Head, ME

Payday Loans Available in Owls Head, ME By The Following ZIP Codes:

04842, 04854

Are Payday Loans Legal In Owls Head, 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

Owls Head, ME payday loan calculator

Understanding Payday Loans in Owls Head, Maine

When you find yourself in a tight financial spot, sometimes a payday loan can provide the temporary relief you need. If you live in Owls Head, Maine, here is everything you need to know about payday loans in your area.

Payday Loan Regulations in Maine

First and foremost, it is important to note that payday loans are permitted for supervised lenders only in Maine. This means that payday loan lenders must be licensed and regulated by the state. Additionally, Maine has several laws in place to protect borrowers from falling into a cycle of debt due to high-interest rates and fees.

According to Maine law, payday loan lenders cannot charge more than 30% annual interest, and lenders cannot issue loans for more than $2,000. Furthermore, payday loans in Maine cannot have a term longer than 35 days, and lenders are only allowed to issue one loan per borrower at a time.

How to Apply for a Payday Loan in Owls Head, Maine

If you decide that a payday loan is the right choice for your financial situation, there are several options for applying in Owls Head. Many payday loan lenders have physical storefronts in the area, and you can also apply online. When you apply for a payday loan, you will need to provide your personal information, including your name, address, and Social Security number. You will also need to provide proof of income and employment, as well as your banking information.

The Pros and Cons of Payday Loans

Before taking out a payday loan, it is important to weigh the pros and cons. Here are some of the benefits and drawbacks:

Pros

  • Quick access to funds when you need them
  • No credit check required
  • Easy application process

Cons

  • High-interest rates and fees
  • Potential for a cycle of debt if you cannot repay the loan
  • Limited loan amounts and short repayment terms

Interesting Facts and Statistics

Did you know that in 2018, there were over 150,000 payday loans issued in Maine, totaling more than $70 million? Additionally, over 30% of Maine households live below the self-sufficiency standard, meaning that many residents may be considering payday loans as a way to make ends meet.

Apply Now

If you have weighed the pros and cons and decided that a payday loan is the right choice for your financial situation, TheGuaranteedLoans is here to help. As a connector service, we specialize in connecting borrowers with potential lenders who can meet their needs. Our process is fast and easy, and you can get started by filling out our online application. Remember, we are not a direct lender, but we will connect you with lenders who are licensed and regulated in Maine.

Conclusion

If you are considering a payday loan in Owls Head, Maine, it is important to do your research and make an informed decision. While payday loans can provide temporary relief in a financial emergency, they also come with risks. By understanding the regulations in Maine and weighing the pros and cons, you can make the best choice for your financial situation. If you do decide to apply for a payday loan, make sure to work with a licensed and regulated lender, and consider using a connector service like TheGuaranteedLoans to streamline the application process.

F.A.Q.

What are the maximum loan amounts and fees for payday loans in Owls Head, Maine?

The maximum loan amount for a payday loan in Owls Head, Maine is $2,000, with a maximum finance charge of 30% of the loan amount.

How do I repay my payday loan in Owls Head, Maine?

You can repay your payday loan in Owls Head, Maine through automatic withdrawals from your checking account, or by mailing a check or money order to the lender.

Look for Short-Term Loans in Other Cities: