Payday Loan 
Title Loan 
Personal Loan 
Business Loan 
What Are Payday Loans in Haverhill, Massachusetts?
Payday loans are a type of short-term loan, usually for an amount of up to $500, to be paid off within a few weeks. Payday loans are typically taken out by people who are unable to bridge the gap between two paychecks or are dealing with an unexpected expense.
Unfortunately, payday loans are prohibited in Massachusetts. That means any business offering payday loans within the state is operating outside the law.
What Alternatives are Available in Haverhill, MA?
If you find yourself in a cash crunch in Haverhill, Massachusetts, there are some alternatives available that don’t involve taking out an illegal loan.
Personal Loans
Personal loans are unsecured loans that come with a set interest rate. They typically have longer terms than payday loans, and can range in amount from a few hundred dollars to several thousand.
You may be able to find a personal loan at a local bank or credit union, or you can apply for one online. Most online lenders will look at your credit score, income, and other financial information before deciding whether to approve you for a loan.
Title Loans
If you own a car and need a loan, a title loan might be an option. Title loans use the value of your car as collateral—the lender puts a lien against your car and holds the title until the loan is repaid.
Title loans can be a risky option, as you could lose your car if you can’t make the payments. Make sure you understand all the terms and conditions of a title loan before you sign the contract.
Other Options
Other alternatives to payday loans include borrowing money from friends or family or selling items you don’t need.
You might also be eligible for assistance from the state. The Commonwealth of Massachusetts has programs to help families, veterans, and those experiencing homelessness.
F.A.Q.
Are payday loans legal in Massachusetts?
No, payday loans are illegal in Massachusetts.
What are the alternatives to payday loans in Haverhill, MA?
Alternatives to payday loans in Haverhill, MA include personal loans, title loans, and assistance from the state. You might also be able to borrow money from friends or family or sell items you don’t need.
Do I need to have good credit to get a personal loan?
Yes, most lenders will look at your credit score, income, and other financial information before deciding whether to approve you for a loan.
Apply Now!
If you’re looking for a loan in Haverhill, Massachusett, fill out the online application form on TheGuaranteedLoans website and we will connect you with lenders for further action. Please remember, TheGuaranteedLoans is not a lender, and does not offer loan products directly to consumers.