Payday Loans in South Carver, Massachusetts

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

Company nameAddressZip codePhone number
Supreme Lending / Oxford 367 Main St Suite 2, Oxford, MA 01540 +1 (508) 425 - 3778
Harr Credit Express 35 Millbrook St, Worcester, MA 01606 +1 (508) 595 - 3245
TD Bank 1441 Main St, Springfield, MA 01103 +1 (413) 748 - 8231
Empire Loan of New Bedford 1304 Acushnet Ave, New Bedford, MA 02746 +1 (508) 997 - 1307
Equitable Bank 83 Summer St, Kingston, MA 02364 +1 (781) 585 - 1000
Citizens Bank 134 Nahatan St, Norwood, MA 02062 +1 (781) 769 - 2660
Westfield Bank 435 Burnett Rd, Chicopee, MA 01020 +1 (413) 598 - 3106
HarborOne Bank 95 Washington St, Canton, MA 02021 +1 (508) 895 - 1415
BankProv 66 Storey Ave, Newburyport, MA 01950 +1 (877) 487 - 2977
Winter Hill Bank - Loan Center 345 Broadway, Somerville, MA 02145 +1 (800) 444 - 4300

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in South Carver, MA, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Newton, MA, Guaranteed Loans in North Andover, MA, Same Day Loans in Peabody, MA, Payday Loan Companies in Pittsfield, MA, Online Loans in Plymouth, MA, Payday Loans in Quincy, MA, Payday Loans in Randolph, MA and Emergency Loan in Revere, 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 South Carver, MA.

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

02330, 02366

Are Payday Loans Legal In South Carver, 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

South Carver, MA payday loan calculator

Payday Loans in South Carver, Massachusetts: Why They are Prohibited

If you are living on a fixed income or struggling to make ends meet, it may be tempting to take out a payday loan. However, if you live in South Carver, Massachusetts, this is not an option due to state laws. Understanding why payday loans are prohibited in South Carver, Massachusetts can help you avoid making financial decisions that could negatively impact your finances.

What are payday loans?

Payday loans are short-term loans that typically come with high-interest rates. To take out a payday loan, you provide a post-dated check or provide the lender with access to withdraw the funds directly from your bank account.

Since payday loans typically have high-interest rates, borrowers often have difficulty repaying the loan on time. As a result, many borrowers end up taking out additional loans to cover the initial loan and end up in a cycle of debt.

Why are payday loans prohibited in South Carver, Massachusetts?

Payday loans are prohibited in South Carver and throughout Massachusetts because the state has put strong consumer protections in place. The high-interest rates associated with payday loans can make it difficult for borrowers to escape from debt traps.

Massachusetts has taken steps to protect its residents from predatory lending practices by prohibiting payday lending altogether. According to the Massachusetts Division of Banks, payday loans are not legal in Massachusetts, regardless of whether the lender is licensed in the state or not.

What are the alternatives to payday loans?

While payday loans are not an option for residents of South Carver, Massachusetts, there are alternatives available. Some of these alternatives include:

  • Personal loans from a bank or credit union
  • Credit card cash advances
  • Short-term loans from family or friends
  • Assistance from local charities or organizations

It is important to explore all of your options and consider the long-term impact of any financial decision you make.

Interesting Facts and Statistics About Payday Loans in South Carver, Massachusetts

  • The average payday loan amount in Massachusetts is $337
  • Approximately 12 million Americans take out payday loans each year
  • Payday loans can have interest rates as high as 400%
  • Payday lending costs Massachusetts residents an estimated $185 million in fees each year

Apply Now

If you are in need of a loan and payday loans are not an option for you, TheGuaranteedLoans may be able to connect you with a lender who can provide you with the finances you need. Remember, TheGuaranteedLoans is not a lender itself and will only connect you with potential lenders who may be able to provide you with a loan. Apply today to see if we can help you find the financial assistance you need.

Disclaimer: TheGuaranteedLoans is not a direct lender and does not provide payday loans in South Carver, Massachusetts or any other state where payday lending is prohibited. Our services are solely intended to connect potential borrowers with participating lenders. We cannot guarantee that you will be approved for a loan or that the terms of the loan will be favorable to you.

F.A.Q.

How do I know if a lender is offering illegal payday loans in South Carver, Massachusetts?

Lenders offering illegal payday loans in South Carver, Massachusetts may not be licensed by the state and may have high interest rates and fees that are not allowed under state law.

What can I do if I have taken out an illegal payday loan in South Carver, Massachusetts?

If you have taken out an illegal payday loan in South Carver, Massachusetts, you can contact the Massachusetts State Department of Financial Services to report the lender and seek assistance in resolving the issue.