Payday Loans in East Livermore, Maine

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No payday loan companies in East Livermore, ME. Consider companies in other cities:

Company nameAddressZip codePhone number
TD Bank 835 Main St, Westbrook, ME 04092 +1 (207) 854 - 9141
Northeast Bank - Portland 27 Pearl St, Portland, ME 04101 +1 (207) 774 - 1426
Norway Savings Bank 1 Parkway Rd 100, Bethel, ME 04217 +1 (207) 824 - 4989
Bath Savings Institution 189 Lower Main St, Freeport, ME 04032 +1 (207) 865 - 6998
Norway Savings Bank 47 Topsham Fair Mall Rd, Topsham, ME 04086 +1 (207) 725 - 5950
Community Credit Union 144 Pine St, Lewiston, ME 04240 +1 (207) 783 - 2096
Bank of America with Drive-thru ATM 39 Auburn St, Portland, ME 04103 +1 (207) 228 - 2279
Dirigo Federal Credit Union 1 Lewiston St, Mechanic Falls, ME 04256 +1 (207) 346 - 3001
KeyBank 63 Main St, Newport, ME 04953 +1 (207) 368 - 4342
KC's Auto 212 Main St, Vassalboro, ME 04989 +1 (207) 923 - 5000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in East Livermore, 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 Loan Without a Credit Check 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 East Livermore, ME.

Beautiful sights of East Livermore, ME

Are Payday Loans Legal In East Livermore, 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

East Livermore, ME payday loan calculator

Understanding Payday Loans in East Livermore, Maine

Payday loans have been a popular option for many consumers who need quick cash to cover unexpected expenses. These types of loans are meant to be short-term solutions that provide a quick injection of funds to those in need. However, it’s important to note that payday loans come with high fees and interest rates, making them an expensive option that should be used sparingly and with caution. In this article, we’ll explore the ins and outs of payday loans in East Livermore, Maine, and everything you need to know before taking one out.

What are Payday Loans?

Payday loans are short-term loans that are meant to be repaid within a few weeks, typically by your next payday. These loans are usually for small amounts, ranging from $100 to $1,000, and have high interest rates and fees. The funds are usually deposited directly into your bank account and the loan is repaid through automatic debit on your next payday.

In East Livermore, Maine, payday loans are permitted for supervised lenders only as part of Maine’s strict regulations to protect consumers. This means that borrowers need to be wary of unscrupulous lenders who may try to take advantage of them by charging exorbitant fees and interest rates.

Requirements for Payday Loans in East Livermore, Maine

In order to qualify for a payday loan in East Livermore, Maine, you must meet the following requirements:

  • Must be at least 18 years old
  • Must be a US citizen or permanent resident
  • Must have a valid bank account
  • Must have a verifiable source of income
  • Must provide valid contact information

It’s important to note that meeting these requirements does not guarantee approval for a payday loan. Lenders may still deny a loan application based on creditworthiness and other factors.

The Pros and Cons of Payday Loans

Payday loans can be a useful tool for those who need emergency funds, but they also come with high fees and interest rates that can make them difficult to repay. Here are some of the pros and cons of payday loans:

Pros:

  • Quick access to cash when you need it
  • Easy application process
  • No credit check or collateral required

Cons:

  • High fees and interest rates
  • Short repayment term
  • Can trap borrowers in a cycle of debt

Interesting Statistics about Payday Loans in East Livermore, Maine

  • Approximately 12% of Maine residents have taken out a payday loan in the past year
  • The average payday loan in Maine is for $350 and has an interest rate of 217%
  • Maine has strict regulations in place to protect consumers from predatory lending practices

Apply Now with TheGuaranteedLoans

If you’re in need of a payday loan in East Livermore, Maine, TheGuaranteedLoans can help. We are a connector service that facilitates connections between borrowers and potential lenders. Our process is fast, easy, and secure, with no hidden fees or charges. Simply visit our website and fill out our online application to get started.

Remember, payday loans should be used sparingly and only as a last resort. Make sure to read and understand the terms and conditions of your loan before signing on the dotted line.

Conclusion

Payday loans can be a lifeline for those who need funds quickly, but they can also be expensive and risky. It’s important to do your research and understand the terms and conditions of your loan before agreeing to anything. If you’re in need of a payday loan in East Livermore, Maine, TheGuaranteedLoans can help connect you with potential lenders and guide you through the process. Apply now to get started.

F.A.Q.

Can I be charged with additional fees if I need to extend the repayment term of my payday loan in East Livermore, Maine?

No, in East Livermore, Maine, payday lenders are not allowed to charge any additional fees for extending the repayment term of a loan. If you need to extend the repayment term of your loan, you can do so without incurring any additional costs.

Can I be charged with a default fee if I am unable to make my payday loan payment on time in East Livermore, Maine?

Yes, if you are unable to make your payday loan payment on time in East Livermore, Maine, the lender may charge you a default fee. This fee is in addition to any interest or other fees that may be charged for the loan.

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