Payday Loans in Sullivan, 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 Sullivan, ME. Consider companies in other cities:

Company nameAddressZip codePhone number
Five County Credit Union 9 Main St, Bowdoinham, ME 04008 +1 (800) 750 - 0959
Kennebec Savings Bank 84 Main St, Winthrop, ME 04364 +1 (207) 377 - 5801
Bangor Savings Bank 1048 Brighton Avenue, Unit 305 Pine Tree Shopping Center, Portland, ME 04102 +1 (207) 871 - 8368
Five County Credit Union 218 Lisbon St, Lisbon, ME 04250 +1 (800) 750 - 0959
Raymond James Financial Services 276 US-1, York, ME 03909 +1 (207) 337 - 6033
Jackson Hewitt Tax Service 55 Thomaston Commons Way, Thomaston, ME 04861 +1 (207) 844 - 6150
Camden National Bank 130 Community Dr, Augusta, ME 04330 +1 (207) 621 - 2432
Camden National Bank 178 Court St, Auburn, ME 04210 +1 (207) 782 - 6790
Enterprise Rent-A-Car 11 Dexter St Ext, Thomaston, ME 04861 +1 (207) 594 - 9093
Katahdin Trust 52 Springer Dr, Bangor, ME 04401 +1 (207) 947 - 9674

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Sullivan, ME

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

04664

Are Payday Loans Legal In Sullivan, 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

Sullivan, ME payday loan calculator

Payday Loans in Sullivan, Maine – A Comprehensive Guide

Payday loans have become increasingly popular in recent years due to their ease of accessibility and ability to provide quick cash to those in need. If you are residing in Sullivan, Maine, and are looking for a payday loan, then this article is for you.

What are Payday Loans?

Payday loans are short-term loans that are designed to provide quick access to cash for emergency or unexpected expenses. These loans are usually due on the borrower’s next payday or within a few weeks, depending on the lender’s terms.

In Maine, payday loans are permitted for supervised lenders only. This means that lenders must be licensed and regulated by the state, and can only offer loans in compliance with the state’s regulations. These regulations help to protect borrowers from predatory lending practices and ensure that lenders operate ethically and transparently.

How do Payday Loans Work?

The process for obtaining a payday loan in Sullivan, Maine, is relatively simple. First, the borrower must complete an application that asks for personal and financial information. The lender will then review the application and determine if the borrower is approved.

If the borrower is approved, the lender will provide the loan amount in cash or through a direct deposit to the borrower’s bank account. The borrower is typically expected to repay the loan in full, plus interest and fees, on their next payday or within a few weeks.

Interest Rates and Fees

Payday loans in Sullivan, Maine, are subject to state regulations that limit the interest rates that lenders can charge. The maximum interest rate for payday loans in Maine is 30%, which means that lenders cannot charge more than 30% interest on the loan amount.

In addition to interest, lenders may also charge fees for payday loans. These fees can include application fees, processing fees, and late fees, among others. It is essential to review all fees associated with a payday loan before accepting the loan to ensure that you understand the total cost of borrowing.

Benefits of Payday Loans

  • Quick and easy access to cash
  • No credit check required
  • Minimal documentation required
  • Regulated by the state for borrower protection

Drawbacks of Payday Loans

  • High interest rates and fees
  • May lead to a debt cycle if borrowers are unable to repay on time
  • Not suitable for long-term financial needs
  • May affect credit scores if not repaid on time

Interesting Facts and Statistics about Payday Loans in Sullivan, Maine

  • As of 2020, there were 30 licensed payday lenders operating in Maine.
  • The average payday loan in Maine is $350.
  • Approximately 25% of borrowers in Maine default on their payday loans.
  • The total amount of payday loans issued in Maine in 2020 was $48 million.

Apply Now

If you are in need of a payday loan in Sullivan, Maine, then TheGuaranteedLoans is here to help. We are a trusted connector service that connects borrowers with potential lenders. Our service is free, and the loan application process is fast and easy.

Remember, we are not a direct lender. We facilitate connections between borrowers and lenders, and our lenders are subject to state regulations, ensuring that you are protected while borrowing money.

To get started, fill out our simple online application form, and we will connect you with a lender who can provide the cash you need.

Conclusion

Payday loans can be a useful financial tool for those in need of quick cash for emergency or unexpected expenses. However, it is essential to understand the risks and benefits of payday loans before accepting them.

If you are in Sullivan, Maine, and in need of a payday loan, be sure to work with a licensed lender and review all fees and interest rates associated with the loan. And remember, TheGuaranteedLoans is here to help connect you with a potential lender if you need assistance.

F.A.Q.

Can I be sued or have my wages garnished if I fail to repay a payday loan in Sullivan, Maine?

Yes, if you fail to repay a payday loan in Sullivan, Maine, the lender may take legal action against you, including suing you or garnishing your wages. It is important to communicate with the lender and make repayment arrangements if you are unable to repay the loan on time.

Can I file a complaint against a payday lender in Sullivan, Maine if I feel I have been treated unfairly?

Yes, if you feel that you have been treated unfairly by a payday lender in Sullivan, Maine, you can file a complaint with the Maine Bureau of Consumer Credit Protection. The bureau will investigate your complaint and take appropriate action if necessary.

Look for Short-Term Loans in Other Cities: