Payday Loans in Southern MD Facility, Maryland

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 Southern MD Facility, MD. Consider companies in other cities:

Company nameAddressZip codePhone number
A A State Check Cashing 2830 S Hanover St suite a-2, Baltimore, MD 21225 +1 (410) 354 - 7244
Bank of America Financial Center 201 Benton Ave, Linthicum Heights, MD 21090 +1 (410) 859 - 0200
Bancomercio De El Salvador Inc 504 E Diamond Ave, Gaithersburg, MD 20877 +1 (240) 632 - 1300
MECU Credit Union - Randallstown Branch 8700 Liberty Rd, Randallstown, MD 21133 +1 (410) 752 - 8313
PNC Bank 16 E Main St, Thurmont, MD 21788 +1 (301) 271 - 4311
Lendmark Financial Services LLC 8519 Liberty Rd, Randallstown, MD 21133 +1 (410) 922 - 9525
Mariner Finance 319 B Civic Ave, Salisbury, MD 21804 +1 (410) 677 - 3850
Mariner Finance 1447 Wesel Blvd, Hagerstown, MD 21740 +1 (301) 714 - 1550
SunTrust 45156 First Colony Blvd, California, MD 20619 +1 (301) 994 - 6000
MECU of Baltimore - Dundalk Branch 7220 Holabird Ave, Dundalk, MD 21222 +1 (800) 248 - 6328

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Southern MD Facility, MD, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Pikesville, MD, Payday Loans in Potomac, MD, Payday Loans in Randallstown, MD, Short-term Loans in Rockville, MD, Guaranteed Loans in Salisbury, MD, Payday Loans in Severn, MD, Payday Loans in Severna Park, MD and Emergency Loan in Silver Spring, MD. 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 Southern MD Facility, MD.

Are Payday Loans Legal In Southern MD Facility, Maryland?

Payday Lending is Prohibited in Maryland

Maryland Loan Regulations

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

Southern MD Facility, MD payday loan calculator

Payday Loans in Southern MD Facility, Maryland

Payday loans are a type of short-term loan that often come with high interest rates and fees. While these loans can be helpful in times of financial need, it’s important to understand the risks and laws surrounding them.

Unfortunately, payday loans are prohibited in the state of Maryland. This means that residents of Southern MD Facility cannot legally obtain a payday loan through a licensed lender. However, there are still alternative loan options available for those who need quick cash.

What Are Payday Loans?

Payday loans are typically small, short-term loans with a maximum amount of $500. They are designed to be repaid by the borrower’s next payday, which is usually within two to four weeks. These loans often come with high-interest rates and fees, making them an expensive way to borrow money.

Why Are Payday Loans Prohibited in Maryland?

In Maryland, payday loans are considered predatory and are therefore illegal. The state has taken several measures to protect its citizens from the financial harms of payday lending, including capping interest rates and fees on consumer loans. Maryland is currently one of 15 states and the District of Columbia that prohibit payday lending.

Are There Alternative Loan Options in Southern MD Facility?

While payday loans are not available in Southern MD Facility, there are still alternative loan options for those who need quick cash. Personal loans, credit cards, and installment loans offered by traditional banks or credit unions may be viable alternatives for borrowers who need money quickly. These loan options often come with lower interest rates and more flexible repayment terms than payday loans.

  • Personal loans: Personal loans are unsecured loans, meaning they don’t require collateral. They can be used for a variety of purposes, including consolidating debt or paying for unexpected expenses. With a personal loan, borrowers typically receive a lump sum of money upfront and repay it over a fixed period of time.
  • Credit cards: Credit cards can be a good option for those who need to borrow a smaller amount of money. They offer revolving credit lines that allow borrowers to make purchases up to a certain limit and repay the debt over time. Some credit cards also come with cash advance options, which can provide quick access to funds.
  • Installment loans: Installment loans are another alternative to payday loans. These loans allow borrowers to repay the loan over a longer period of time with fixed, regular payments. They may require collateral, such as a car or home, and typically come with lower interest rates than payday loans.

Interesting Facts About Payday Loans in Southern MD Facility, Maryland

  • According to the Center for Responsible Lending, the average payday loan borrower in Maryland takes out 5 loans per year and pays $574 in interest and fees.
  • A 2017 report by the Pew Charitable Trusts found that 8% of Maryland adults have taken out a payday loan in the last five years.
  • The Maryland Department of Labor, Licensing and Regulation provides a list of licensed lenders in the state of Maryland. Consumers can use this list to verify the licensing status of a particular lender.

Apply Now

If you live in Southern MD Facility, Maryland, and are in need of a loan, TheGuaranteedLoans can help. Our online application process is fast and easy, and we connect borrowers with lenders who may be able to provide them with the funds they need. Please note that TheGuaranteedLoans is not a direct lender. We are a connector service that facilitates the connection between borrowers and potential lenders.

Apply now and see if you qualify for an alternative loan option in Southern MD Facility.

F.A.Q.

What are the penalties for offering or taking out a payday loan in Southern MD Facility, Maryland?

Offering or taking out a payday loan in Southern MD Facility, Maryland is considered a criminal offense and can result in fines and imprisonment.

Are there any exceptions to the payday loan prohibition in Southern MD Facility, Maryland?

No, there are no exceptions to the payday loan prohibition in Southern MD Facility, Maryland.