Payday Loans in Whately, Massachusetts

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

Company nameAddressZip codePhone number
Metro Credit Union 4 Paradise Rd, Salem, MA 01970 +1 (877) 696 - 3876
Daniel DeMelin Fairway Independent Mortgage Corporation Senior Loan Officer 1060 Falmouth Road Route 28, Hyannis, MA 02601 +1 (508) 273 - 8858
Country Bank 8 W Main St, West Brookfield, MA 01585 +1 (800) 322 - 8233
Lee Bank 3 Elm St, Stockbridge, MA 01262 +1 (413) 298 - 3611
Main Street Bank 947 Massachusetts Ave, Lunenburg, MA 01462 +1 (978) 582 - 0713
TD Bank 226 Falmouth Rd, Hyannis, MA 02601 +1 (508) 778 - 7182
Commercial Lending Review 31 St James Ave, Boston, MA 02116 +1 (617) 426 - 2303
Norwood Check Cashing 18 Central St, Norwood, MA 02062 +1 (781) 881 - 0788
Workers Credit Union 1050 Westminster St, Fitchburg, MA 01420 +1 (978) 345 - 1021
Central One Federal Credit Union 714 Main St, Shrewsbury, MA 01545 +1 (508) 842 - 7400

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Whately, MA, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Andover, MA, Same Day Loans in Arlington, MA, Payday Loans in Attleboro, MA, Payday Loans in Beverly, MA, Payday Loans in Billerica, MA, Short-term Loans in Boston, MA, No Credit Check Loans in Brockton, MA and Payday Loans in Brookline, 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 Whately, MA.

Beautiful sights of Whately, MA

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

01093, 01393

Are Payday Loans Legal In Whately, 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

Whately, MA payday loan calculator

Payday Loans in Whately, Massachusetts: Understanding the Laws and Alternatives

Payday loans are short-term loans that borrowers can get to deal with sudden expenses, such as medical bills or car repairs. While they may seem like a convenient option, payday loans can be incredibly expensive, with an average annual percentage rate (APR) of 391 percent in the United States.

Why Are Payday Loans Prohibited in Massachusetts?

In Massachusetts, payday loans have been prohibited since 2008 under state law that sets a maximum interest rate of 23 percent and caps additional fees at no more than $20. This law helps protect Massachusetts residents from the predatory practices associated with payday loans, which can trap borrowers in cycles of debt and financial instability.

What Are the Alternatives to Payday Loans in Whately, Massachusetts?

Fortunately, there are many alternatives available to Massachusetts residents who need quick access to cash. Here are a few options:

  • Personal loans from banks or credit unions
  • Credit cards
  • Emergency assistance programs
  • Low-interest loans from nonprofits

Interesting Facts and Statistics about Payday Loans in Whately, Massachusetts

  • According to Pew Charitable Trusts, the average Massachusetts payday loan borrower takes out eight loans a year.
  • Payday lenders often target low-income communities and people of color.
  • Payday lending drains $4.1 billion in fees from cash-strapped Americans annually, according to the Center for Responsible Lending.

Apply Now: Connect with Lenders for Financial Assistance

If you’re considering a payday loan in Whately, Massachusetts, know that they’re prohibited under state law. Instead, connect with lenders through TheGuaranteedLoans website. We’re a connector service, not a direct lender, and we help borrowers find potential lenders that meet their financial needs. Apply now and get the help you need today.

Remember, Financial stability is critical to our daily lives, And there is always an alternative, if we know how to approach it.

F.A.Q.

Can I be arrested for not paying back an illegal payday loan in Whately, Massachusetts?

No, you cannot be arrested for not paying back an illegal payday loan in Whately, Massachusetts.

Can I be harassed or threatened by a lender for not paying back an illegal payday loan in Whately, Massachusetts?

No, you cannot be harassed or threatened by a lender for not paying back an illegal payday loan in Whately, Massachusetts. If you have been harassed or threatened, you can report the lender to the Massachusetts State Department of Financial Services.