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Payday Loans in Attleboro, Massachusetts
At TheGuaranteedLoans, we understand that financial emergencies can occur unexpectedly, no matter where you live. Attleboro, Massachusetts is no different. People in Attleboro may need help in times of need, which is why it’s important to know the legal information and loan options available to them.
Unfortunately, payday loans are prohibited in Massachusetts. However, there are still other loan options that may help you get the money you need during a financial emergency. Read on to learn more about what options are available in Attleboro and the surrounding areas.
What are Payday Loans?
Payday loans are short-term loans that are typically due within a few weeks or on your next payday. They can be a quick and easy way for people to get the money they need in a pinch, as payday lenders don’t typically require credit checks. Instead, they require proof of income, current banking information, and a few other personal details.
Although they can be convenient, payday loans come with a high cost. These loans have extremely high-interest rates and fees, and if you’re unable to make the payment when due, the cost can become even higher. Payday lenders may even attempt to collect the payment by withdrawing money from your bank account – this can lead to even more fees.
Payday Loans in Massachusetts
As mentioned, payday loans are prohibited in Massachusetts and Massachusetts law does not recognize payday loans from other states. Additionally, any loan made in Massachusetts must be made by a licensed lender, which payday lenders are not. This means that payday lenders can not operate within the state.
If you’re in need of emergency cash in Massachusetts, you must look for other loan options. Below are some of the lenders available in Attleboro and the surrounding areas.
Loan Options in Attleboro, Massachusetts
Personal Loan – Such a loan is unsecured and typically has a lower interest rate than a payday loan. Lenders may require a credit check and proof of income, and the loan may be due in either a lump sum or in payments over time.
Credit Card – Getting a credit card with a low-interest rate or an introductory offer can be a great option for emergency cash. Just be sure to budget for the payments and pay off the balance as soon as possible.
Auto Title Loan – Auto title loans allow you to borrow against the value of your vehicle. These loans typically have high-interest rates, so be sure to carefully read the terms and conditions of the loan before signing your agreement.
Bank Loan – Some banks may offer personal loans or overdraft protection, which allows you to borrow more than your balance and pay back what you owe. Bank loans may have lower interest rates than other loan options.
Family and Friends – Borrowing money from family and friends is a great option if you’re able. Just be sure to sign an agreement and stay on top of any payments.
Final Words
If you’re in Attleboro, Massachusetts and need help during a financial emergency, payday loans are not an option due to the laws of the state. However, there are still several options available. Be sure to research each option thoroughly and find the loan that best fits your needs. At TheGuaranteedLoans, we understand the need for emergency cash and are here to help connect you with the lenders you need.
Apply Now
TheGuaranteedLoans can help you to connect with lenders who may offer you the loan you need. If you’d like to apply for a loan, fill out the application form on our website. After that, one of our loan experts will connect you with lenders who may be able to offer you a loan. Keep in mind that TheGuaranteedLoans is not a lender and does not make loans.
F.A.Q.
- Are payday loans legal in Massachusetts?
No, payday loans are not legal in Massachusetts. - Are there any other loan options in Attleboro, Massachusetts?
Yes, there are other loan options available in Attleboro, Massachusetts. These include personal loans, credit cards, auto title loans, bank loans, and borrowing from family and friends. - How does TheGuaranteedLoans work?
TheGuaranteedLoans connects you with lenders who may be able to offer you a loan. Fill out our application form and one of our loan experts will connect you with a lender. Keep in mind that TheGuaranteedLoans is not a lender and does not make loans.