Payday Loans in North Pembroke, Massachusetts

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 North Pembroke, MA. Consider companies in other cities:

Company nameAddressZip codePhone number
Candace Sallale - Raymond James 30 Man-Mar Dr, Plainville, MA 02762 +1 (508) 316 - 1590
Pentucket Bank 1 Merrimack St, Haverhill, MA 01830 +1 (978) 372 - 7731
North Brookfield Savings Bank 4 Daniel Shays Hwy, Belchertown, MA 01007 +1 (413) 323 - 8416
Hudson Trading & Loan Co. 109 Main St, Hudson, MA 01749 +1 (978) 562 - 1068
Preferred Financial Services 300 Brickstone Square, Andover, MA 01810 +1 (866) 992 - 7400
Greenfield Cooperative Bank 277 Federal St, Greenfield, MA 01301 +1 (413) 772 - 5001
HarborOne Bank 470 Washington St, Stoughton, MA 02072 +1 (508) 895 - 1570
St James Check Cashing 31 Franklin St, Westfield, MA 01085 +1 (413) 564 - 0066
Bank of America with Drive-thru ATM 464 Boston Rd, Billerica, MA 01821 +1 (978) 670 - 6424
The Check Place 166 Lincoln St, Worcester, MA 01605 +1 (508) 752 - 0085

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in North Pembroke, MA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Peabody, MA, Payday Loans in Pittsfield, MA, Emergency Loan in Plymouth, MA, Same Day Loans in Quincy, MA, Payday Loans in Randolph, MA, Payday Loans in Revere, MA, Payday Loans in Salem, MA and Bad Credit Loans in Shrewsbury, MA. 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 North Pembroke, MA.

Beautiful sights of North Pembroke, MA

Payday Loans Available in North Pembroke, MA By The Following ZIP Codes:

02358

Are Payday Loans Legal In North Pembroke, Massachusetts?

Payday Lending is Prohibited in Massachusetts

Massachusetts Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

North Pembroke, MA payday loan calculator

Understanding Payday Loans in North Pembroke, Massachusetts

Payday loans are a type of short-term loan that is designed to be repaid within a few weeks or until the borrower’s next payday. While these loans may seem like a quick fix for financial emergencies, they come with high fees and interest rates that can trap borrowers into a cycle of debt.

It’s important to note that payday loans are prohibited in Massachusetts. However, some lenders may still try to offer these loans illegally. As a borrower in North Pembroke, Massachusetts, it’s crucial to understand the risks of payday loans and the alternatives available to you.

How Payday Loans Work

A payday loan lender typically requires a borrower to write a post-dated check or provide their bank account information as collateral. The loan amount plus fees and interest are then deducted from the borrower’s account when the loan term ends.

The fees and interest rates associated with payday loans are often high, with APRs that range from 300% to 400%. This can make it difficult for borrowers to repay the loan on time, leading to a cycle of debt and financial instability.

Why Payday Loans are Prohibited in Massachusetts

The state of Massachusetts has implemented some of the strictest laws against predatory lending practices, which includes payday loans. The state’s Attorney General’s office has enforced the laws to help protect consumers from being trapped into the cycle of debt and financial ruin.

Under Massachusetts law, the maximum annual percentage rate (APR) that lenders can charge on a loan is 23%. This makes it impossible for payday lenders to operate within the state boundaries.

The Alternatives to Payday Loans in North Pembroke, Massachusetts

While payday loans are prohibited in Massachusetts, there are other viable options available to borrowers who are in need of quick funds. Some of these options include:

  • Credit counseling: Credit counseling agencies offer free or low-cost resources and advice to help you manage your finances and develop a plan to repay your debts.
  • Personal loans: Personal loans are unsecured loans that are repaid over a period of time, often with lower interest rates than payday loans.
  • Credit cards: While credit cards also come with high interest rates, they can be used in emergencies to help cover unexpected expenses.
  • Government assistance: Government programs like welfare, disability benefits, and food assistance provide financial aid to those who qualify.

Interesting Facts and Statistics about Payday Loans in North Pembroke, Massachusetts

While payday loans are not legal in Massachusetts, it’s still important to understand the impact they have on other states. According to a study by the Pew Charitable Trusts:

  • 12 million Americans take out payday loans each year.
  • The average payday loan borrower takes out 8 loans per year.
  • The average loan amount is $375.
  • Payday loans trap borrowers in a cycle of debt. The majority of payday loan borrowers cannot repay the loan on time and must take out additional loans to cover the original balance.

Apply Now

While payday loans are not legal in North Pembroke, Massachusetts, TheGuaranteedLoans offers a free online platform that connects borrowers with potential lenders. As a connector service, we do not lend money directly. Instead, we facilitate your connection with potential lenders who may be able to offer you a loan that is right for you.

If you are in need of quick cash and are eligible for a personal loan or other alternative, you can complete our simple online form to connect with lenders in your area. Remember to read the terms and conditions of any loan carefully before accepting it.

Don’t let financial emergencies bring you down. Apply now to connect with lenders who may be able to help you get the funds you need to get back on track.

F.A.Q.

Can I be sued for defaulting on a payday loan in North Pembroke, Massachusetts?

No, you cannot be sued for defaulting on a payday loan in North Pembroke, Massachusetts because these loans are illegal in the state.

Can a payday loan be included in a bankruptcy filing in North Pembroke, Massachusetts?

No, a payday loan cannot be included in a bankruptcy filing in North Pembroke, Massachusetts because these loans are illegal in the state.