Payday Loans in Menemsha, 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 Menemsha, MA. Consider companies in other cities:

Company nameAddressZip codePhone number
Central One Federal Credit Union 714 Main St, Shrewsbury, MA 01545 +1 (508) 842 - 7400
Citizens Bank Supermarket Branch 24 MA-6A Suite A, Orleans, MA 02653 +1 (508) 240 - 1391
Congregational Finance LLC 338 Elm St, South Dartmouth, MA 02748 +1 (508) 990 - 3308
Commonwealth Financial Group 1140 State Rd Suite B, Westport, MA 02790 +1 (617) 480 - 9446
Money Stop 590 Boston Rd, Springfield, MA 01119 +1 (413) 782 - 8109
Savers Bank 35 Trolley Crossing Rd, Charlton, MA 01507 +1 (508) 248 - 4255
Citizens Bank Supermarket Branch 6 Thatcher Rd, Gloucester, MA 01930 +1 (978) 281 - 7410
Marcus & Millichap 100 High St 1025, Boston, MA 02110 +1 (617) 896 - 7200
Citizens Bank 450 Boston Post Rd, Sudbury, MA 01776 +1 (978) 443 - 1620
Envision Bank 50 S Franklin St, Holbrook, MA 02343 +1 (781) 963 - 2100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Menemsha, MA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Leominster, MA, Guaranteed Loans in Lexington, MA, Payday Loans in Lowell, MA, Payday Loan for Lynn, MA, Payday Loan Companies in Malden, MA, Payday Loans in Marlborough, MA, Payday Loans in Medford, MA and Payday Loans in Natick, 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 Menemsha, MA.

Beautiful sights of Menemsha, MA

Are Payday Loans Legal In Menemsha, 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

Menemsha, MA payday loan calculator

Payday loans are a form of short-term borrowing that typically come with high interest rates and fees. These loans can be a tempting solution for those who are in need of quick cash, but they can also be a dangerous financial trap.

The Legality of Payday Loans in Menemsha, Massachusetts

If you’re considering taking out a payday loan in Menemsha, Massachusetts, it’s important to know that these loans are actually prohibited by state law. Massachusetts law strictly regulates small-dollar loans to protect consumers from predatory lending practices.

Unlike many other states, Massachusetts has set a maximum annual percentage rate (APR) of 36% for all small-dollar loans, including payday loans. This means that lenders cannot charge interest rates any higher than 36% on these types of loans. Additionally, lenders must be licensed by the state in order to operate legally.

As a result of these regulations, payday lending is not an option for borrowers in Menemsha, Massachusetts. However, there are still other options available for those who need to borrow money quickly.

Alternative Options for Borrowers in Menemsha, Massachusetts

If you’re in need of emergency cash, there are several options available to you besides payday loans. Here are a few alternatives to consider:

  • Credit union loans: Many credit unions offer small-dollar loans with much lower interest rates and fees than payday loans.
  • Personal loans: If you have good credit, you may be able to qualify for a personal loan with a bank or online lender.
  • Credit card cash advances: While credit card interest rates can be high, they are typically still lower than payday loan rates. Consider taking out a cash advance on your credit card as a last resort.
  • Side-hustle: Consider taking on a side job or selling some of your items to make some extra cash.

Remember that borrowing money is a serious decision that can have long-term financial consequences. It’s important to carefully consider your options and choose the one that’s right for your individual circumstances.

Interesting Facts and Statistics about Payday Loans in Menemsha, Massachusetts

  • As of 2019, no payday lenders had active licenses in Massachusetts.
  • In 2008, Massachusetts voters approved a ballot initiative that capped interest rates on payday loans at 36%.
  • In 2016, the Massachusetts Attorney General’s Office reached a settlement with a payday lender that had been operating illegally in the state.

Apply Now

While payday loans are not an option in Menemsha, Massachusetts, there may be other loan options available to help you in your time of need. If you’re looking for a personal loan or other type of small-dollar loan, consider submitting an application through TheGuaranteedLoans.

As a connector service, TheGuaranteedLoans facilitates connections between borrowers and potential lenders. We work with a network of reputable lenders who comply with all state and federal laws and regulations.

By filling out our online application, you can get connected with a lender who may be able to meet your individual borrowing needs and help you get the cash you need quickly and easily.

Remember to borrow responsibly and only take on debt that you can realistically repay. By understanding your options and choosing the right loan, you can take control of your finances and achieve your goals.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Menemsha, Massachusetts?

No, because payday loans are illegal in Menemsha, Massachusetts, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Menemsha, Massachusetts?

Yes, the state of Massachusetts has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.