Payday Loans in Rochester, Massachusetts

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No payday loan companies in Rochester, MA. Consider companies in other cities:

Company nameAddressZip codePhone number
People's United Bank 400 W Cummings Park, Woburn, MA 01801 +1 (781) 938 - 5567
Eastern Equity Partners LLC 104 Squire Rd, Revere, MA 02151 +1 (781) 284 - 6204
KeyBank 225 Park Ave, West Springfield, MA 01089 +1 (413) 747 - 1432
Webster First Federal Credit Union 29 Trolley Crossing Rd, Charlton, MA 01507 +1 (508) 671 - 5175
ACT Leasing, Inc. 215 Salem St 10, Woburn, MA 01801 +1 (781) 938 - 6200
Academy Mortgage - Worcester 1106 Pleasant St, Worcester, MA 01602 +1 (774) 420 - 7047
Art Carl Jewelers & AC Loan 56 Pleasant St, Malden, MA 02148 +1 (781) 322 - 4551
Greylock Investment Group 660 Merrill Rd, Pittsfield, MA 01201 +1 (413) 236 - 4837
Davanel Corporation 245 Brookwood Dr, Longmeadow, MA 01106 +1 (413) 567 - 1073
Fidelity Investments 551 Boston Turnpike Suite 40, Shrewsbury, MA 01545 +1 (800) 521 - 3026

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rochester, MA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Needham, MA, Payday Loans in New Bedford, MA, 24-Hour Loan in Newton, MA, Payday Loans in North Andover, MA, Short-term Loans in Peabody, MA, Payday Loan Without a Credit Check in Pittsfield, MA, Payday Loans in Plymouth, MA and Payday Loans in Quincy, 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 Rochester, MA.

Beautiful sights of Rochester, MA

Payday Loans Available in Rochester, MA By The Following ZIP Codes:

02770

Are Payday Loans Legal In Rochester, 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

Rochester, MA payday loan calculator

Are you in need of a quick cash infusion to help cover your expenses? Payday loans might seem like a tempting option, but in Rochester, Massachusetts, they are illegal.

What are Payday Loans?

Payday loans are short-term loans that are typically due on your next payday. They are offered by lenders who specialize in providing quick cash to borrowers who need money fast. The loans can be used for anything, such as covering bills or unexpected expenses that arise between paychecks.

Why are Payday Loans Illegal in Massachusetts?

In Massachusetts, payday loans are prohibited under state law. The reason for this is to protect consumers from predatory lending practices. Payday lenders often charge extremely high interest rates, which can make it difficult for borrowers to repay their loans. In addition, these loans are often marketed to low-income individuals who are already struggling financially, making it even harder for them to escape the cycle of debt.

Alternatives to Payday Loans in Rochester, Massachusetts

If you’re in need of cash, there are alternative options available to you in Rochester, Massachusetts. Consider some of the following alternatives:

  • Credit Unions: Local credit unions can offer small loans to qualified members.
  • Borrow From Friends or Family: If you have a close relationship with someone who is able to lend you money, consider asking them for help.
  • Personal Loans: Traditional lenders, such as banks, offer personal loans with reasonable interest rates.

Interesting Facts about Payday Loans in Rochester, Massachusetts

  • In 2018, the Massachusetts Attorney General’s office settled with several payday lenders for violating state law.
  • Payday lending is prohibited in 14 states, including Massachusetts.
  • In 2016, the Consumer Financial Protection Bureau issued a rule designed to protect consumers from predatory payday lending practices.

Apply Now

If you’re in need of cash, TheGuaranteedLoans can help connect you with potential lenders who can provide you with the cash you need. We are a connector service, not a direct lender, which means that we will help facilitate the connection between you and potential lenders. Fill out our online application today to get started.

Remember, payday loans are illegal in Rochester, Massachusetts, but there are alternative options available to you. Don’t fall victim to predatory lending practices – explore other options and take control of your finances.

F.A.Q.

What are the alternatives to payday loans in Rochester, Massachusetts?

Consumers in Rochester, Massachusetts can seek out small, short-term loans from credit unions or banks, or can consider using a credit card or personal loan for financial emergencies.

Why are payday loans prohibited in Rochester, Massachusetts?

Payday loans are prohibited in Rochester, Massachusetts due to their high interest rates and fees, which can trap consumers in a cycle of debt.