Payday Loan 
Title Loan 
Personal Loan 
Business Loan 
What are Payday Loans?
Payday loans are short-term loans that can be used to cover unexpected expenses or bridge a temporary gap in cash flow. The loans generally have high interest rates and are meant to be paid back within two weeks to one month.
Are Payday Loans Legal in Medford, MA?
Unfortunately, payday loans are not available in Medford, Massachusetts. Due to the state’s usury laws, payday loans are prohibited within the state. The state’s Attorney General has actively pursued lending institutions that have illegally obtained payday loans.
What Are Alternatives to Payday Loans in Medford MA?
If you are in need of a loan in Medford, there are several alternatives that may be suitable for your needs.
Title Loans
Title loans allow you to use your vehicle’s title as collateral for a loan. The loan amounts are based on the value of the vehicle and the repayment periods are flexible. Title loans generally have lower interest rates than payday loans but may still have high fees or late payment fees.
Unsecured Loans
Unsecured loans are loans that are not backed by collateral, such as a vehicle title. These loans typically have lower interest rates than title loans and are offered by banks, credit unions, and other financial institutions. However, they may require a credit check and good credit history.
Credit Cards
Using a credit card can be a good option for short-term cash advances. Most cards come with low introductory rates and no annual fees. However, it is important to be mindful of the interest rates that may apply after the introductory period. Additionally, it is important to make sure that you are able to make payments on the credit card in a timely manner to avoid costly late fees and high interest rates.
Personal Loans from Friends and Family
Borrowing from friends and family is an option for obtaining a loan without the additional fees or interest rates that may be associated with traditional loans. It is important to note that if the loan is not repaid in a timely manner, it could put a strain on the relationship.
The Guaranteed Loans
At TheGuaranteedLoans, we understand that unexpected expenses can arise and having access to a short-term loan option can be helpful. Unfortunately, payday loans are prohibited in Massachusetts. Therefore, we do not offer payday loans. However, we do offer other loan types that may be better suited for your needs. Our online loan application is quick and easy and we will connect you with lenders for further action. Please note that TheGuaranteedLoans is not a lender.
Frequently Asked Questions About Payday Loans in Medford, MA
Q. Are payday loans available in Medford, MA?
No, payday loans are not available in Medford, MA. Payday loans are prohibited in Massachusetts by state law.
Q. Are there alternatives to payday loans in Medford, MA?
Yes, there are several alternatives to payday loans available in Medford, MA. These include title loans, unsecured loans, credit cards, and personal loans from friends and family.
Q. Does TheGuaranteedLoans offer payday loans?
No, TheGuaranteedLoans does not offer payday loans. However, we do offer other loan types that may be better suited for your needs. Our online loan application is quick and easy and we will connect you with lenders for further action. Please note that TheGuaranteedLoans is not a lender.
Apply Now
If you are in need of a loan in Medford, MA, TheGuaranteedLoans can help. Our online loan application is quick and easy and we will connect you with lenders for further action. Please note that TheGuaranteedLoans is not a lender.
Fill out the form on TheGuaranteedLoans website and we’ll help find a suitable loan option for you.